Sierra Leone to Auction 60 Offshore Oil and Gas Blocks at the End of the Year
Sierra Leone will delay its new oil and gas auction until the end of the year as the country awaits results from a large-scale seabed survey that has just concluded — the first such study in over ten years, according to Reuters. Last month, the company GeoPartners, together with the …
France’s TotalEnergies Produces First Oil from Mero-4 Field in Brazil
French energy company TotalEnergies has announced the first oil production from the fourth development phase of the Mero field, located in the Libra block, approximately 180 kilometers off the coast of Rio de Janeiro, in the pre-salt zone of the Santos Basin, Brazil. Launched in August 2021, the new phase—known …
Petrobras Ceded Its Entire Stake in the Cherne and Bagre Fields in the Campos Basin to Perenco
Brazil’s largest state-controlled oil and gas company, Petróleo Brasileiro SA (Petrobras), said it has signed contracts to cede its entire stake in the shallow-water Cherne and Bagre fields in the Campos Basin to one of the largest independent oil and gas companies, Perenco Petroleo e Gás do Brasil Ltda (Perenco). …
American Westlawn Americas Offshore Begins Expansion Into Latin America
Houston-based Westlawn Americas Offshore, part of the Westlawn Group, is entering the Latin American oil and gas playground through a deal with Brazilian oil and gas company Enauta. Westlawn Americas Offshore has signed a sales agreement with Enauta to purchase a 20% interest in the BS-4 concession, which includes the …
The Head of Petrobras Said That Brazil Will Join OPEC+
Brazil will join OPEC+ (an expanded partnership format of OPEC oil exporting countries), but will not reduce energy production within the limits agreed upon by the association. Jean-Paul Prates, CEO of the Brazilian national oil and gas company Petrobras, announced this in an interview with Reuters. “We would never be …
Brazilian Petrobras Will Invest About $300 Million in Drilling Two Exploration Wells
Brazilian state oil company Petrobras plans to invest about $300 million to drill two exploration wells in the deep waters of the Potiguar Basin after environmental licenses were issued last week. The license, awarded by environmental agency Ibama on Friday, is Petrobras’ first since 2013 to drill in the so-called …
Offshore Gas Production in Colombia Attracts Oil and Gas Majors
British Shell and Brazilian Petrobras have shown interest in expanding their participation in gas production projects on the shelf of the Latin American country. Shell and Petrobras are ready to work in Colombia even though the country’s current president wants to abandon fossil fuels and has stopped issuing new licenses …
Brazilian Petrobras Announces New Upstream Policy
Brazil’s state oil company Petrobras said Monday it has decided to suspend the sale of some key assets. The oil giant said it would no longer sell the Uruk and Bahia Terra clusters, as well as the Manati oil field and its subsidiary Petrobras Operaciones in Argentina. The asset sale …
Petrobras Upgrades Offshore Hydrocarbon Platforms in Brazil
State-owned Petrobras has put into operation two new production platforms for offshore fields in Brazil. These facilities will not only help increase hydrocarbon production, but also reduce the burden on the environment, the company reports. One of the installations is called Anita Garibaldi, the other is Anna Nery. Both platforms …
Petrobras Receives License to Operate FPSO Anita Garibaldi
The Brazilian Institute of the Environment (IBAMA) has granted Petrobras a license to operate the FPSO Anita Garibaldi, which should start operations in the coming weeks. The unit is capable of producing up to 80,000 b/d of oil and processing up to 7 million m³/s of gas. FPSO Anita Garibaldi …