The successful drilling, carried out in an offshore location about 185 kilometers from the coast and at a water depth of 904 meters, has revealed several oil-bearing campanian sandstone reservoir packages, the company announced on November 2. The Roystonea-1 well reached a total depth of 5,315 meters. Petronas said that the discovery is poised to…
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Production at Brazil’s state-run Petrobras hit close to four million barrels a day in this quarter, according to its chief executive officer, Jean-Paul Prates. In a post on X (formerly Twitter), Prates said Petrobras began producing oil in 1953 with just shy of three thousand barrels a day. “Today, @petrobras produces more than a thousand…
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The carbon negative South American country bides its time ahead of potential oil boom The FDI angle: In early June, Suriname’s state-owned company Staatsolie hosted an energy, oil and gas summit in the capital, Paramaribo. The aim was to “bring Suriname to the attention of the world” and promote investment into the country’s nascent offshore…
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All details will be revealed to Suriname’s President on Block 58’s development prospects, said TotalEnergies’ Chief Executive Patrick Pouyanné. Speaking at the Barclays CEO-Energy Power Conference being held in New York, Pouyanné said that the oil field is big enough “to launch a sizeable deepwater development” but held other details close. He is due for…
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Now It’s Breaking the Environment Isayen Herrera // Sheyla UrdanetaPhotographs //Adriana Loureiro Fernandez Explosive gas flares from nearby oil wells spew an oily, flammable residue on the plants. The leaves burn, dry up and wither. There is no poison that can fight the oil,” he said. “When it falls, everything dries up.” Venezuela’s oil industry, which…
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The 2020s are poised to be to energy firms what the 2010s were to utilities—disruptive As revolutionary slogans go, it hardly had the resonance of ¡No pasarán! But when Repsol, a Spanish oil company, said in December it would reduce the net carbon footprint of everything it produces to zero within 30 years, it marked the most powerful…
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