Canadian-based firm Frontera Energy, the majority owner of CGX Energy and its partner in the Corentyne Block offshore Guyana, has informed that the Kawa-1 exploration well, spudded in the block in August, has encountered hydrocarbon presence…
Latin America's oil frontiers are back in the spotlight with auctions coming up in Brazil, Guyana, and the Andean region that are expected to attract bids from major oil firms despite a global call to end fossil fuel development.Brazil is set…
Oslo-based subsea well intervention and installation services company AKOFS Offshore last week scored a three-year deal with Brazil's Petrobras for its vessel Skandi Santos.Under the contract, the Skandi Santos will perform a broad scope of subsea services in Brazil…
U.S.-based Helix Energy Solutions Group has secured an extension of its well intervention charter and services contracts with Brazil's Petrobras for the Siem Helix 2 well intervention vessel.'The initial four-year contract for the Siem Helix…
Brazilian oil firm Petrobras has informed that gas production from its Manati offshore gas field in Brazil, was halted due to the closure of the subsea valve of the export pipeline. In a separate statement, Petrobras partner Enauta said the…
Offshore drilling company Seadrill Limited has secured a contract for the West Jupiter drillship with Brazil's Petrobras for work in the Búzios field offshore Brazil. The contract is for a firm term of 1,040 days with the start-up slated for December 2022…
Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse.A coming onshore…
Excelerate Energy has started natural gas deliveries to the Brazilian market at the Bahia Regasification Terminal (TR-BA) in Salvador, Bahia, in Brazil.Excelerate's floating storage and regasification unit (FSRU) Excelerate Sequoia, which has an LNG storage capacity of 173…
Oilfield services giant TechnipFMC has signed three flexible pipe frame agreements with Brazil's Petrobras.'Altogether, the frame agreements form a large contract for TechnipFMC,' the company said. For TechnipFMC, a “large” contract is between $500 million and $1 billion…
Brazil's energy policy council CNPE authorized oil regulator ANP to put 11 pre-salt blocks in the Campos and Santos basins up for sale permanently, with a total signing fee estimated at 1.3 billion reais ($233 million), the government said on Thursday…
Oslo-based subsea well intervention and installation services company AKOFS Offshore has signed a three-year contract with Brazil's Petrobras for its vessel Skandi Santos.Under the contract, the Skandi Santos will perform a broad scope of subsea services in Brazil…
Norwegian oil and gas company Equinor has awarded Solstad Offshore new long-term charters for two platform supply vessels in Brazil.Solstad said Monday that Equinor had awarded it new deals for the Far Scotsman and the Sea Brazil platform suppliers…
Norwegian marine seismic data acquisition company PGS said Friday it was scheduled to start a significant 4D acquisition survey for Petrobras over the Roncador and Albacora Leste fields offshore Brazil in Q2 2022. The acquisition is expected to complete in Q3 2022…
Brazilian Economy Minister Paulo Guedes said on Wednesday that state-run oil company Petrobras should be privatized before it becomes irrelevant and oil loses value, suggesting the government could use the sale proceeds to reduce poverty.Citing…
Colombia received bids for 30 blocks from seven companies during its latest oil and gas auction, the government said on Wednesday, as the Andean country looks to maintain energy self-sufficiency amid a drive to develop renewable sources.The…