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MercoPress, en Español

Montevideo, April 19th 2026 - 03:09 UTC

Tag: offshore oil

  • Monday, April 1st 2019 - 08:44 UTC

    Petrobras interested in tendering to explore for oil and gas offshore Israel

    A number of large gas discoveries offshore Israel and in eastern Mediterranean waters in the last decade have made Israel a potentially lucrative prospect

    Brazilian state-run oil firm Petrobras is considering bidding in a new tender to explore for oil and gas offshore Israel, a leading Israeli financial news website reported on Sunday. Calcalist reported that a final decision could be announced during a four-day visit to Israel by Brazilian President Jair Bolsonaro that began on Sunday.

  • Wednesday, March 13th 2019 - 08:34 UTC

    Shell agrees offshore oil exploration contracts in Colombia

    Shell will explore blocks COL 3 and GUA OFF 3, which cover about ​​880,000 hectares.

    Colombia’s government announced it had signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments of US$ 100 million.

  • Wednesday, March 6th 2019 - 10:15 UTC

    Colombia to begin oil exploration offshore in the Caribbean

    Ecopetrol will mount at least two exploratory wells, the statement said, and is optimistic the bloc will yield gas reserves in the medium term

    Colombia and its state-run oil company, Ecopetrol, announced they have signed an offshore exploration and production deal for a nearly 400,000-hectare (988,000-acre) bloc in the Caribbean, the country's first new oil and gas contract in more than four years.

  • Friday, February 8th 2019 - 08:49 UTC

    Two more oil strikes off the coast of Guyana at the prolific Stabroek Block

    Tilapia-1 encountered approximately 93 m of high quality oil bearing sandstone reservoir and was drilled to a depth of 5,726 m in 1,783 m of water

    Hess Corporation has announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12.“These two discoveries demonstrate the continuing exploration potential on the prolific Stabroek Block and add to the previously announced gross discovered recoverable resource estimate of more than 5 Bboe,” said CEO John Hess.

  • Tuesday, November 27th 2018 - 09:00 UTC

    Brazil Eyes US$ 30 Billion Offshore Oil Boom

    The area at stake is the so-called ‘transfer of rights’ area, where Petrobas holds 100% of the rights to produce 5 billion barrels of oil

    Over the past few years, Brazil has held several very successful oil auctions under production-sharing contracts in its pre-salt layer, attracting major oil companies to its prized offshore oil area.

  • Friday, September 28th 2018 - 08:47 UTC

    Oil majors to bid for Brazil's offshore potential despite electoral uncertainty

    The auction for four blocks in the Santos and Campos basins comes just a week before presidential polls featuring some candidates seeking to slow oil auctions

    Oil majors are set to gather in Rio de Janeiro this Friday to unveil bids for stakes in Brazil’s high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry.

  • Tuesday, June 26th 2018 - 08:26 UTC

    Petrobras begins operations at Tartaruga Verde field

    Tartaruga Verde field has good quality oil (27º API), and is located in the southern area of the Campos basin, in the post-salt, in water depth ranging from 700 to 1,300 m

    Petrobras has announced the start of production at Tartaruga Verde field, in the deep waters of the Campos basin, by means of FPSO Cidade de Campos dos Goytacazes. The FPSO is located about 127 km off the coast of the state of Rio de Janeiro, in water depth of 765 m, with a capacity to process daily up to 150,000 bbl of oil and 3.5 MMcmg and 5 MMcm of gas compression.

  • Tuesday, April 24th 2018 - 08:42 UTC

    Brazil poised for historic oil boom

    A range of analyst and oil company estimates put the breakeven price for pre-salt fields at less than US$ 40 per barrel compared to US$ 45 seven years ago.

    By Mathew Smith<br />
    <br />
    After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%.

  • Friday, April 6th 2018 - 09:31 UTC

    Chile and Argentina open offshore project, east of Magellan Strait to increase gas and oil production

    The project, operated by Chile’s ENAP in partnership with YPF, will boost production of natural gas to 4m cubic meters daily from the current 2.4m

    The state-run energy firms of Chile and Argentina said on Wednesday they had inaugurated a US$ 354 million project to increase production of natural gas off the southern tip of South America.

  • Wednesday, January 31st 2018 - 19:51 UTC

    Falklands holds consultation on Premier Oil environmental impact statement

    The offshore Sea Lion oilfield, located in the North Falklands Basin approximately 120 miles to the north of the Falkland Islands.

    An Environmental Impact Statement (EIS) has been submitted to the Falkland Islands Government by Premier Oil Exploration and Production Limited. The EIS covers the proposed development activity for Phase 1 of the offshore Sea Lion oilfield, located in the North Falklands Basin approximately 120 miles to the north of the Falkland Islands.