Tag: offshore oil

• Friday, January 27th 2023 - 18:27 UTC

  Federal Court of Appeals okays Mar del Plata offshore oil exploration

  

  The Federal Court of Appeals of Mar del Plata turned down an appeal filed by Mayor Guillermo Montenegro and various environmental organizations to cancel the offshore oil exploration project involving YPF, Equinor, and Shell. The undertaking is expected to yield some US$ 20 billion in exports annually.

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• Tuesday, December 6th 2022 - 09:50 UTC

  Argentine court okays offshore oil activities

  

  An Argentine court of appeals Monday lifted an injunction order from a lower magistrate, thus clearing the way for offshore oil drilling off Mar del Plata, but it demanded a “maximum level of control in the operations.”

• Monday, January 3rd 2022 - 09:27 UTC

  Mar del Plata fears offshore oil wells may end up damaging the city's economy

  

  Argentina's government has issued an environmental impact declaration for offshore oil drilling off the coast of Mar del Plata which has prompted voiceful objections from local residents, particularly Mayor Guillermo Montenegro of the opposition Juntos por el Cambio (JxC), while Federal Energy Secretary Darío Martínez welcomed the decision.

• Saturday, March 6th 2021 - 09:40 UTC

  Falklands extends Rockhopper's offshore licenses until November 2022

  

  The Falkland Islands government has agreed to extend each of Rockhopper Exploration plc’s offshore North Falkland basin petroleum licenses, including the Sea Lion discovery area, until Nov. 1, 2022. The extension includes no additional license commitments. The previous expiry date was May 1, 2021.

• Tuesday, February 2nd 2021 - 08:54 UTC

  Petrobras strikes oil in the pre-salt Campos Basin offshore Rio de Janeiro

  

  Brazil's oil and gas giant Petrobras announced a hydrocarbon discovery in the pre-salt Campos Basin offshore Rio de Janeiro state, some 200 kilometers from the coast and at a depth of 2,950 meters.

• Tuesday, January 26th 2021 - 09:30 UTC

  Petrobras oil output hits record in 2020, 2,3 million bpd

  

  By Irina Slav for Oilprice.com – Crude oil output from fields operated by Brazil's energy major Petrobras hit a record last year despite the pandemic, at an average 2.3 million BPD, Bloomberg reported, comparing the production rate to that of Kuwait.

• Thursday, January 14th 2021 - 09:54 UTC

  Uruguay signs contract to resume offshore seismic surveying for oil and gas

  

  Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques.

• Tuesday, November 17th 2020 - 09:34 UTC

  Brazil is emerging as the world's leading offshore oil producer

  

  By Matthew Smith for Oilprice.com – Sharply weaker oil prices, the COVID-19 pandemic, and heightened geopolitical uncertainty have done little to blunt Brazil’s epic offshore oil boom. By September 2020 Brazil had soared to be the third-largest supplier of crude oil to China, the world’s second-largest economy.

• Wednesday, October 28th 2020 - 09:06 UTC

  Guyana extends Noble Corporation drillship rig contract 6,5 years to August 2030

  

  Noble Corporation plc's ultra-deepwater drillship Noble Tom Madden has received about 6.5 years of additional contract term under the commercial enabling agreement (CEA) with ExxonMobil for work offshore Guyana.

• Monday, February 24th 2020 - 06:33 UTC

  Petrobras record profit for 2019, basically on divesting and asset sales

  

  Brazil’s state-run oil firm Petrobras reported last week a record net profit for 2019, thanks to asset sales under its strategy to divest non-core operations and focus on the deepwater pre-salt region offshore Brazil.