BASF’s oil and gas subsidiary Wintershall on March 21 said it would build up its presence in the Brazilian offshore oil sector this year where it won exploration licenses in 2018.
Colombia has shelved two environmental licensing requests made by oil companies ConocoPhillips and Canacol Energy Ltd. for fracking projects in northern Cesar province, two sources with knowledge of the matter said March 20.
PetroReconcavo entered direct negotiations with Brazil's state-run Petrobras to purchase a cluster of 34 oil fields in the nation's northeast, two oil industry sources told Reuters.
The strike was called after the recent death of a worker in one accident and another that caused three injuries in Vaca Muerta, the local oil and gas workers union said in a statement.
Petrobras and partners have invested roughly US$30 billion in the exploration and development of the field.
The platform is the company’s fourth to enter operations in the Buzios Field within the presalt region of Bacia de Santos.
Petrobras is aggressively divesting noncore assets in a bid to reduce its hefty debt load, which has steadily fallen in recent years but is still above that of its peers.
BW Offshore has entered into an agreement to acquire the remaining 30% of the Maromba field offshore Brazil for a total acquisition cost of $25 million from Chevron, the company said on March 14.
Industry experts at Rystad Energy expect global deepwater oil production to surpass 10 million barrels per day (MMbbl/d) in 2019, an increase of 700,000 bbl/d compared to last year, as new offshore fields come online in places such as Angola, Norway and Nigeria.
Transocean Ltd. said March 11 that it was awarded two of Petrobras’ ultradeepwater drillships, the Ocean Rig Corcovado and Ocean Rig Mykonos, with a 629 day contract and 550 day contract, respectively.
