⬜ Key Highlights: ▪ HISEP® pioneers a cutting-edge approach to oil and gas separation, enhancing productivity, slashing costs, and reducing emissions, marking a significant step towards sustainable energy development. ▪ The Dorado play in Brazil’s pre-salt basin will serve as the testing ground for this groundbreaking technology, beginning trials in 2028. ▪ Strategic partnership with […]
⬜ Highlights: ▪ Finder secures a 3-year extension for WA-547-P, situated in the highly prolific Dorado play trend, extending exploration opportunities until January 4, 2027. ▪ With three significant prospects identified (Brees, Favre, and Brady), WA-547-P boasts a massive 2U (P50) prospective resource potential of over 500 MMbbl of recoverable oil, igniting excitement in the […]
Petrobras remains committed to transparency and engages with suppliers to optimize bidding conditions. In a move to enhance competitiveness and attractiveness, Petrobras announces the postponement of the proposal submission deadline from February 19, 2024, to June 14, 2024, for the FPSO contracting in the SEAP-I and SEAP-II Projects. ✳ Key Highlights 🔹The SEAP program comprises […]
✳ Key Highlights ◽Floaters Contract Awards: ▪ VALARIS DS-4: Secured a 1,064-day contract with Petrobras in Brazil, valued at approximately $519 million. ▪ VALARIS DS-16: Bagged a two-year contract extension with Anadarko Petroleum Corporation in the U.S. Gulf of Mexico, cementing its position as a trusted partner in the region’s energy frontier. ▪ VALARIS DS-17: […]
Wintershall Dea Mexico has been granted approval by the National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos) for a pivotal 2023-2024 evaluation and work program at the Kan-1EXP discovery, positioned just 20 km off the Tabasco coast in the Southeast Basin Petroleum Province. This initiative marks a significant advancement in Mexico’s oil exploration landscape. ➡Key Highlights: […]
This partnership is set to revolutionize the Liquefied Natural Gas (LNG) carrier industry with a comprehensive refit and upgrade program for 17 LNG carriers in Singapore, aimed at enhancing sustainability and efficiency in maritime logistics. ✴Key Features of the Partnership: ▶Innovative Collaboration: The companies will engage in joint planning, information exchange, and experience sharing, setting […]
➡ Joint Venture Highlights: ✔TotalEnergies invests $199 million for a 75% stake in the joint venture, underscoring its commitment to innovation in energy exploration. ✔Vantage Drilling retains a 25% interest, bringing its deep offshore drilling expertise to the forefront of this collaboration. ✔Vantage Drilling will operate the Tungsten Explorer for the next 10 years, demonstrating […]
Demonstrating a commendable commitment to energy advancement, Hess reached an initial production capacity of approximately 220,000 gross barrels of oil per day (bopd) by January 2024 at Payara. This achievement not only reflects the company’s prowess in resource management but also its dedication to progressive energy exploration and production. The fourth quarter of 2023 […]
In a strategic move, the company has awarded four pivotal Engineering, Procurement, Construction, and Installation (EPCI) contracts, collectively worth over six billion dollars, for the expansion of the offshore Al-Shaheen field – Qatar’s largest oil field. This landmark award is integral to Project Ru’ya (“vision” in Arabic), representing the third development phase of Al-Shaheen since […]
Eni Mexico has received the green light from the National Hydrocarbons Commission (Comisión Nacional de Hidrocarburos) to commence drilling operations in the Sáasil-1EXP shallow water exploratory well. Strategically located in the Gulf’s shallow waters off the Tabasco coast, within the geologically Cuenca Salina del Istmo province. This well follows the successful discovery in the Saasken-1EXP […]
