Exclusives

More exploration drilling, appraisal work and seismic acquisition are ahead for the Stabroek Block as the company looks to start activity in Block 59 offshore Suriname.

Tullow positions itself offshore Comoros, a potential future oil and gas hot spot, as it prepares to drill offshore Guyana next year.

The Pluma-1 well, which was drilled by the Noble Tom Madden drillship, hit about 37 m (121 ft) of high-quality hydrocarbon-bearing sandstone reservoir.

Rio Oil & Gas, Brazil, Campos Basin, natural gas, energy transition, Petrobras, Luiz de Abreu Neto, presidential election, International Gas Union, Luis Bertrán, Glenda Rangel, Brazil’s Ministry of Mines and Energy (MME) Secretary of Petroleum, Natural Ga

The future of the Campos Basin, growing importance of natural gas in the energy transition and concerns about Brazil’s upcoming presidential elections were hot topics during a recent oil and gas conference.

An NOC announces plans to drill thousands of wells in the NCS in the coming decades.

Deepwater International

Technip has clinched a major contract worth at least $559.2 million to supply a network of flexible pipes for the deepwater Lula Alto field offshore Brazil.

The issues related to Petrobras and the ongoing corruption probe in Brazil could lead to at least four major deepwater FPSO projects hitting at least a one-year delay, according to Portugal’s Galp Energia.

QGI Oil & Gas consortium has abandoned more than $1 billion worth of modules integration work on two identical FPSO vessels destined for one of Petrobras’ developments.

Petrobras has churned out announcement of yet another ultra-deepwater discovery but this time in the post-salt.

Petrobras has highlighted the money it is saving through the utilisation of subsea equipment support vessels (SESVs) instead of drillships and rigs to install its subsea trees in the pre-salt offshore Brazil.

Exploration

The well was successfully logged and found to have 284 ft of gross thickness and 241 ft net pay, OVL said in a news release Jan. 6.

The decision suspended an agreement between the company and the Brazilian government that helped shield the company from liability as it seeks to dispose of some $27 billion in assets in order to raise cash to pay its debts.

The Sinu-San Jacinto round of bidding on 15 blocks in northern Colombia was scrapped after interested companies withdrew, and a round known as the Permanent Competitive Procedure was canceled because of a judicial ruling, the National Hydrocarbons Agency said in a statement on its website.

President Energy said Nov. 28 it has completed the acquisition of its interests in the Las Bases and Puesto Prado Concessions, Rio Negro Province, Argentina (President operator and 90%, EDHIPSA 10%).

Brazil’s state-controlled oil company, Petroleo Brasileiro SA (NYSE: PBR), said on Nov. 28 it had sold rights to more than 30 oil fields for more than $800 million as part of a longstanding divestment plan to reduce the company’s debt.

Production

Brazilian officials on Jan. 3 predicted a quick resolution to a dispute with Petroleo Brasileiro SA (NYSE: PBR) over offshore oil blocks and doubled down on pledges to steer the state-run firm toward its core businesses like oil exploration.

Guyana’s government will challenge in court a parliamentary no-confidence vote that toppled President David Granger’s ruling coalition amid a dispute over developing the country’s nascent oil industry, the country’s attorney general said on Jan. 3.

Canadian oil company Frontera Energy said on Dec. 3 it had stopped production at Peru’s largest oil field after a Peruvian-owned pipeline was severed last week by indigenous protesters.

Colombian state-run oil company Ecopetrol said on Nov. 27 it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it bolsters spending on exploration and production projects.

Argentina is due to begin exports of LNG from a part of its vast Vaca Muerta shale gas resource next year through FLNG vessel provided by Exmar.

Technology

Ecuador’s President Lenin Moreno on Jan. 3 asked the country’s prosecutor to probe $4.9 billion of oil-related infrastructure projects, alleging that the OPEC nation’s money was looted during the decade-long tenure of his leftist predecessor.

A century-long border dispute with Venezuela has heated up in recent years as Exxon Mobil has discovered more than 5 billion barrels of oil and gas off Guyana's shores.

Ibama said it had given Total all possible opportunities to correct problems found during the technical evaluation and that the company had been informed of the decision earlier on Dec. 7.

Brazilian President-elect Jair Bolsonaro, a former army captain, tweeted the appointment of the first Navy official to his cabinet, Bento Costa Lima Leite de Albuquerque Junior, who heads the Navy's nuclear and technology development program.

Brazil's incoming far-right government on Nov. 19 tapped a University of Chicago-trained economist with experience in the oil sector to be the chief executive of state-controlled Petroleo Brasileiro SA, amid a debate over privatization of the company's assets.