Offshore South America News


ConocoPhillips Wins $8.37B Arbitration Case with Venezuela

Jan 24, 2025

A World Bank arbitration tribunal has dismissed a request by Venezuela to annul a $8.37 billion arbitration award to ConocoPhillips, clearing the way for the U.S. producer to reclaim compensation for the expropriation of its oil assets in the South American country…

Petrobras Extends Tupi Field FPSO Stay, Lines Up System Upgrades

Jan 22, 2025

Petrobras, on behalf of the Tupi field consortium, has extended charter and service agreements for the floating production storage and offloading (FPSO) unit Cidade de Angra dos Reis, announcing also the upgrades to the vessel.The amendments…

UK Firm Finds Local Research Partner to Drive Adoption of OTEC in Brazil

Jan 20, 2025

UK-based company Global OTEC has signed a memorandum of understanding (MoU) with Brazilian research institute COPPE/UFRJ to jointly research the development and viability of Ocean Thermal Energy Conversion (OTEC) projects in Brazil.COPPE/UFRJ…

Tracerco Lands TechnipFMC’s Contract for Mero Field’s Subsea Equipment

Jan 20, 2025

Industrial technology company Tracerco has secured a contract from Technip to deliver its measurement and control solutions profiler for the multi-phase subsea separation work on Petrobras’ Mero 3 High Pressure Separator (HISEP) pilot project in the Brazilian pre-salt oil region…

Prosafe’s Safe Zephyrus Accommodation Rig to Stay Offshore Brazil

Jan 09, 2025

Offshore accommodation rig provider Prosafe has signed a contract extension with Petrobras for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil.The original 650-day firm period was due to complete in February 2025…

TotalEnergies to Start Exploration Drilling Off Suriname from May

Jan 09, 2025

TotalEnergies will start drilling an exploration well on Suriname's Block 64, the company's country manager Artur Nunes da Silva said on Wednesday, adding final costs and further well operations were still being organized.Suriname is working to build its offshore oil and gas industry…

Shell Hires SLB for Deepwater Drilling Support Across Multi-Region Assets

Jan 08, 2025

Global energy technology company SLB has secured a series of major drilling contracts by Shell to support capital-efficient energy development across its deep and ultra-deepwater assets in the U.K. North Sea, Trinidad and Tobago, Gulf of Mexico and others…

Shearwater Kicks Off Second Round of Pelotas Basin Surveys

Jan 07, 2025

Shearwater Geoservices has started the second season of acquisition for the Pelotas Basin multi-client 3D seismic survey in Brazil, conducted in partnership with Searcher Seismic.The new acquisition will be the sixth multi-client 3D project for the joint venture and will utilize the SW Empress…

First Oil Starts Flowing from FPSO Atlanta Off Brazil

Jan 02, 2025

Brazilian oil and gas company Brava Energia has started production from the Atlanta floating, production storage, and offloading (FPSO) unit offshore Brazil.The achievement makes Brava Energia the first independent oil and gas company in the…

Noble’s Semi-Sub Rig Gets Multi-Well Drilling Job off Suriname

Dec 31, 2024

Offshore drilling contractor Noble Corporation has signed a contract with Petronas Suriname E&P for the high-specification semi-submersible rig Noble Developer to drill three wells offshore Suriname.The contract is expected to start around June 2025…

Brava Energia Concludes Stake Buy in Three Campos Basin Fields from QatarEnergy

Dec 31, 2024

Brazilian oil and gas firm Brava Energia has concluded the acquisition of the 23% stake held by QatarEnergy Brasil in the Abalone, Ostra and Argonauta oil fields, which form the Parque das Conchas in the Campos Basin.The transaction value, disregarding adjustments…

FPSO Atlanta to Start Production Off Brazil in Coming Days

Dec 31, 2024

Brazilian oil and gas company Brava Energia has received the authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to start production from Atlanta floating, production storage, and offloading (FPSO) unit offshore Brazil…

Brava Energia Restarts Production at Papa-Terra Field

Dec 30, 2024

Brava Energia, formerly 3R Petroleum before the merger with Enauta, has restarted production at Pappa-Terra field assets in the Campos Basin, offshore Brazil.During the production shutdown, significant progress was made in the maintenance and…

Petrobras Hires Seadrill’s Drillship Pair for Brazil Ops

Dec 30, 2024

Petrobras has awarded contracts to Seadrill’s two ultra-deepwater drillships – West Jupiter and West Tellus – for work offshore Brazil.West Jupiter has been hired under a 1,095-day contract, following a competitive tender process. The contract…

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