News
December 12, 2024
SLB has announced a contract award by Petrobras, following a competitive tender, to its OneSubsea™ joint venture for two subsea raw seawater injection (RWI) systems to increase recovery from the prolific Búzios field.
News
December 11, 2024
SLB has secured an integrated services contract for all Petrobas' operated offshore fields in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs.
News
December 09, 2024
(Bloomberg) – A shale-drilling frenzy in Argentina has put the country on the verge of leapfrogging regional rival Colombia as a top-three crude producer in South America.
News
December 06, 2024
(Bloomberg) – Colombia’s biggest offshore natural gas discovery by Petrobras and Ecopetrol SA could triple the country’s reserves if the deposit is commercially viable, potentially easing the nation’s shortfall.
News
December 02, 2024
PetroTal Corp. has successfully acquired 100% working interest in Peru Block 131, following its acquisition of CEPSA Peruana. The Los Angeles oil field at Block 131 was discovered by CEPSA Peru in 2013.
News
December 02, 2024
African Export-Import Bank has signed an agreement for a US$ 100-million Revolving Trade Finance Facility in favor of oil trader JE Energy Limited to support its contract implementation in the Republic of Guyana.
News
December 01, 2024
(Bloomberg) – Suriname’s Foreign Affairs Minister Albert Ramdin said on Saturday his country’s emergence as a major oil producer could garner support for him to be voted in as the next Secretary General of the Organization of American States.
News
December 01, 2024
Ecopetrol S.A. Board of Directors have approved the 2025 investment budget of the Ecopetrol Group for an amount between 24 and 28 trillion pesos, with more than half the approved budget earmarked for crude and gas exploration and production
News
November 25, 2024
(Bloomberg) - Argentine state-run energy company YPF SA will join a venture being developed by rival shale driller Pan American Energy Group SL and liquefied natural gas shipper Golar LNG Ltd., Executive Chairman Horacio Marin said.
News
November 22, 2024
SBM Offshore has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international financial institutions, and SBM expects to draw the loan phased over the construction period of the FPSO.
News
November 21, 2024
From 2025-2029, Energy Maritime Associates (EMA) expects orders for 119 Floating Production Systems, with a Capital cost of $126 Billion, in its mid-case forecast. Over 70% of this investment would go towards the 54 FPSOs.
News
November 20, 2024
(Bloomberg) – Exxon Mobil Corp. has withdrawn from an oil-exploration block off the coast of Suriname, not far from where it discovered more than 11 billion bbls in Guyanese waters. Exxon will transfer its 50% stake in the block to Malaysia’s Petronas, the project operator.
News
November 20, 2024
TDI-Brooks has completed work contracted by GeoPartners, on behalf of Staatsolie Maatschappij Suriname, to perform seep data acquisition, processing, interpretation and data management services (multibeam and coring) for the Suriname Seabed Piston Coring Project.
News
November 18, 2024
(Bloomberg) – Petrobras plans to boost spending on new oil drilling and other projects by almost 9% to $111 billion in the next five-year plan. Petrobras' eight-person executive office proposed that amount for the 2025-2029 period, according to a filing Monday.
News
November 18, 2024
Global OTEC has announced its latest advancement in sustainable power for offshore energy exploration and production at the first Brazilian Workshop on Geothermal Energy Utilization and Storage.
News
November 14, 2024
SBM Offshore, Technip Energies and TechnipFMC all announced today the securement of major contracts for the GranMorgu field development project located in Block 58 in Suriname, operated by TotalEnergies.
News
November 11, 2024
Interoil Exploration and Production ASA has announced that its Colombian subsidiary, Interoil Colombia Exploration and Production (ICEP), has successfully completed a downhole intervention to the Vikingo well.
News
November 07, 2024
SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed a purchase transaction for the FPSO Prosperity. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to operate and maintain the FPSO up to 2033.
News
November 01, 2024
Shell Brasil announced the start of production of the Mero-3 FPSO facility in the Mero field, in the pre-salt area of the Santos Basin, offshore Brazil. The FPSO has an operational capacity of 180,000 bopd.
News
October 31, 2024
(Bloomberg) -- Exxon Mobil Corp. has agreed to sell most of its assets in Argentina’s Vaca Muerta shale patch to Pluspetrol S.A., as Exxon shifts focus to other areas of interest, including Guyana.
News
October 30, 2024
(WO) — TotalEnergies has achieved first oil from the third development phase of the Mero field on the Libra block, located 180 kilometers off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos Basin.
