Offshore news

ExxonMobil is progressing several energy initiatives on the African continent.

Brazilian oil company Prio has agreed to acquire a 40% interest in the Peregrino and Pitangola Fields, jointly known as Peregrino, in the Campos Basin, offshore Brazil, for US$1.92 billion (10.43 billion reais).

A global exploration company’s decision to cease its search for new gas supply in Victoria’s Otway Basin is a major blow to the state’s energy security and will compound looming gas shortfalls in eastern Australia, according to Australian Energy Producers.

Interocean Marine Services (Interocean), has announced it will receive ABS and DNV approval for ultrasonic thickness measurements by use of drones on mobile offshore units.

Brazilian oil giant Petrobras is set to reopen a closed oil well in its large offshore Roncador field in a bid to quickly obtain natural gas, reports Reuters.

The company also plans to invest around US$2.5 billion/y to enhance oil production by 50 000 bpd over the next few years.

Reuters has reported that Tropical Storm Helene was expected to turn eastward on its track through the Caribbean and into the Gulf of Mexico, increasing the threat of high winds and heavy rains to Cuba and Florida but lessened the risk to US offshore oil production, forecasters said.

Challenger, with primary assets in the South American nation, has now received government approval to move the AREA OFF-1 licence to Chevron.

The addendum is for the Azeri-Chirag fields and the deepwater portion of the Gunashli field (ACG) in the Azerbaijan sector of the Caspian Sea.

Saudi Arabia exported 5.7 million bbl/d of oil in July, the lowest level since August 2023, official data has revealed.