South America

Deepwater , Logistics , Seismic , Acquisitions & Divestitures

TGS Adds Deepwater Node, Acquisitions To Accelerate Growth

TGS has achieved five milestones accelerating the company’s growth strategy, the company said on Sept. 16.

September 16, 2019

Field Development , Discoveries

Exxon Mobil-led Consortium Strikes Oil Again Offshore Guyana

Drilled in 2,003 m (6,572 ft) of water by the Noble Tom Madden drillship, the Tripletail-1 well hit about 33 m of high-quality oil-bearing sandstone reservoir, Exxon Mobil said.

September 16, 2019

Discoveries

Tullow Hits Oil Offshore Guyana, Plans To Drill More Wells In 2020

Although the discovery was smaller than initially estimated, it offers Tullow and its partners better understanding of the block to decide on further exploration drilling and development of production, Tullow CEO Paul McDade said.

September 16, 2019

Highlights

Best Of This Week’s Drilling Activity Highlights (Sept. 13, 2019)

XTO Permian completions, Woodford producers and Shell to explore for shale in China top this week’s drilling activity highlights from around the world.

September 13, 2019

Unconventional , International

Colombia Court Maintains Moratorium On Fracking

The decision by three magistrates from the Council of State, which is tasked with ruling on administrative matters, comes amid a larger case about the use of hydraulic fracturing, which breaks up rock formations with pressurized liquid.

September 11, 2019

Exploration & Production , Lease Sales

Brazil Sells Rights In Minor Oil Areas To Exxon, Murphy, Locals

The companies also pledged a minimum level of investment in the areas, all of which either failed to receive bids in previous auctions or were returned to the state after unsuccessful exploration.

September 10, 2019

Exploration & Production , Lease Sales

Petrobras Launches Binding Phase To Sell Onshore Oil Blocks

Petrobras will sell 100% of 27 E&P concessions in the so-called Polo Cricare area in Espirito Santo, the company said.

September 6, 2019

Crude Oil

Oil Slips As US, China Add More Tariffs In Trade War

Oil prices weakened on Sept. 2 after new tariffs imposed by the United States and China came into force, raising concerns about a further hit to global growth and demand for crude.

September 2, 2019

Field Development

Hess: Liza Destiny FPSO Arrives Offshore Guyana

The FPSO arrived following a 42-day journey from Singapore. The vessel is a significant component of the Liza Phase 1 development, which involves four undersea drill centers with 17 wells.

August 29, 2019

Field Development , Digital Oilfield

Petrobras Aims To Make Libra Its ‘First Fully Digitally Connected Asset’

Achieving the goal requires optimizing and redesigning processes, training and engaging teams, and implementing and customizing technologies, a Petrobras executive says.

August 29, 2019