Brazilian oil company PetroRio said Monday it had formalized the acquisition of the West Capricorn (or just Capricorn) semi-submersible rig with the payment of US$ 4 million to offshore drilling contractor Aquadrill, previously known as Seadrill Partners…
The Guyanese economy has recovered well after the COVID-19 pandemic thanks to an oil boom, the International Monetary Fund (IMF) said on Friday, but the country must be wary of over-dependence on oil income.The tiny South American nation has…
Brazilian President Jair Bolsonaro, seething about fuel prices as his poll standings slip ahead of October's presidential election, has intensified his calls to shake up the board and management of state-run oil company Petrobras.But it will…
Suriname's state oil company Staatsolie plans to hold an auction for deepwater offshore blocks at the end of 2022 and another for shallow water blocks in mid-2023, the company's managing director told Reuters.The South American nation is a small…
Brazilian oil company Petrobras has awarded service contracts to DOF's Brazilian subsidiaries to Norskan Offshore Ltda. and DOF Subsea Serviços Brasil Ltda.The contracts are for the Skandi Iguazu AHTS vessel including ROV. The contracts will…
Colombian energy producer Ecopetrol ECO.CN aims to boost its oil and gas output by just over 40% to around 1 million barrels of oil equivalent per day (boepd) in 2030 and plans to start a pilot carbon capture storage (CCS) project, a senior company executive said…
Oil and gas company Trident Energy said Thursday it had completed its first Brazilian subsea campaign to connect the MA-34 production well to the P-08 semi-sub platform, as part of its plans to enhance production on its Pampo field.'Trident…
The FPSO Atlanta, contracted by the Brazilian oil company Enauta to Malaysia's Yinson for conversion to service the Atlanta Field offshore Brazil, will be operated under ABS Class.The Atlanta, which will serve as the Definity Production System at the Atlanta Field in the Santos Basin…
FPSO supplier BW Offshore said Thursday that Shell had awarded it limited notice to proceed (LNTP) by Shell and its partners for early-stage engineering and supplier reservations for the supply of an FPSO for the Gato do Mato (Wild Cat) oil and gas field offshore Brazil…
Offshore installation services company Subsea 7 said Thursday it had won a major contract with Petrobras in Brazil. Subsea 7 defines a major contract as being over $750 million.The contract is related to the development of the Búzios 8 field…
Challenger Energy, the company previously known as the Bahamas Petroleum Company, has formally signed a license agreement for the AREA OFF-1 petroleum license offshore Uruguay.The AREA OFF-1 license has a total area of approximately 15,000 km2 and is situated in water depths from 20 to 1000 meters…
Offshore oil and gas producer Talos Energy on Tuesday said it was interested in scooping up new production, particularly as major oil companies shed assets in a bid to decarbonize.'We're a natural consolidator, particularly when you think about the Gulf of Mexico…
Offshore accommodation company Prosafe has secured a firm contract with the Brazilian oil company Petrobras to provide the Safe Eurus semi-submersible vessel for safety and maintenance support offshore Brazil.The contract has a firm period commitment…
Australian oil and gas company Karoon Energy has terminated the exclusivity agreement previously entered into with the Brazilian oil firm Enauta, for the potential acquisition of a 50% interest in Enauta's Atlanta oil field, offshore Brazil…
Brazil's right-wing president Jair Bolsonaro fired the chief executive of oil producer Petrobras - the second in two months - after the company refused to sell fuels at a discount to consumers warning it would lead to diesel shortages. Bolsonaro also called for the election of a new board…