The P-76 platform is located in the Búzios Field within the pre-salt region of the Santos Basin offshore Brazil and is the second platform Petrobras has entered into operation so far this year.
Bulgaria has given permission to Shell to transfer 20% of the rights to explore a block off its Black Sea coastline for oil and gas to Spain’s Repsol.
Favorable economics could push forward planned projects as more come online.
Equinor said studies of the ocean showed conditions were about as harsh as other settings where Equinor has operations, including the Norwegian Sea, the Barents Sea, off Canada's east coast and offshore Brazil.
The find, made in the Sakakemang block in South Sumatra, would translate into more than 350 million barrels of oil equivalent.
The proportion of renewable energy in power generation is set to increase to 20% by 2030, which translates to a target of 49 GW of new renewable generation capacity by 2030, Equinor said.
Colombia must implement strict monitoring of three pilot projects that will mark its first foray into “fracking”, an expert commission said on Feb. 14, before deciding whether the controversial technique for extracting oil and gas can be widely used.
Searcher Seismic has completed the regional multiclient airborne gravity, gravity-gradiometry and magnetics survey covering the transition zone of the Gulf of Papua, the company said on Feb. 13.
Dana Gas will begin drilling this year in an area it said Feb. 12 could become Egypt’s next giant Mediterranean gas field, after seismic data pointed to reserves as large as 20 trillion cubic feet (Tcf).
The three-year agreement, which includes options to extend, is estimated to be worth up to US$95 million over the term.
