Brazil’s government managed oil and gas corporation Petrobras announced it leased 20 foreign drilling rigs that will start operating in the next two years as it seeks to boost its capacity to explore for and produce oil.
Falkland Islands Desire Petroleum confirmed Tuesday it had secured regulatory and partner approvals to drill a second well 14/15-2 well in the North Falkland basin Rachel prospect.
Desire Petroleum (AIM:DES) the first oil and gas exploration company to contract a rig and begin the current round of drilling in the Falkland Islands announced Monday the spudding of its second exploration well, Rachel 14/15-1.
A Chilean-operated oil rig off Argentine Patagonia in the South Atlantic caught fire early on Wednesday, forcing all its eight workers to evacuate by rafts and oil production to shut down, reported the Argentine navy.
Brazil's government managed oil giant Petrobras CEO admitted Monday that minor conservation problems exist on some of the company's platforms in the Campos Basin, off the country's south-eastern coast.
Brazil's oil regulator said on Thursday it halted operations of state oil company Petrobras' (PETR4.SA: Quote) offshore P-33 platform, citing safety concerns. The announcement follows oil workers union claims that the rig was “dangerous”.
Venezuela will nationalize a fleet of oil rigs belonging to US Company Helmerich and Payne, the latest takeover in a push to XXI century Socialism announced President Hugo Chávez as he struggles with lower oil output and a recession.