Offshore drilling contractor Transocean said Tuesday it had secured a long-term deal for one of its ultra-deepwater drillships.The contract, awarded by 'a national oil company' for work offshore Brazil, is for the ultra-deepwater drillship, Dhirubhai Deepwater KG2…
The new chief executive of Petrobras told employees the oil company will drive Brazil's transition to renewable energy, while keeping its oil and gas expansion on track.The first remarks by Jean Paul Prates as CEO, in a video to employees, mark a strategy shift for the state-run firm…
Brazilian offshore drilling company Ocyan said Friday it had signed a contract to operate oil company PRIO's West Capricorn semi-submersible drilling rig.PRIO (Petro Rio) bought the offshore drilling rig from the offshore drilling firm Aquadrill in June 2022…
Colombian majority-state-owned energy company Ecopetrol on Thursday said Chief Executive Felipe Bayon will leave his post on March 31, following more than five years in the position. Bayon's departure represents a shake-up for Colombia's biggest…
Brazilian oil and gas company Petro Rio (Prio) on Thursday paid $1.635 billion to Petrobras in relation to the acquisition of Petrobras' interest in the Albacora Leste offshore field, located in the Campos Basin, Brazil.The amount paid Thursday is in addition to the $292…
Danish offshore vessel owner Maersk Supply Service said Thursday it had signed an assignment agreement with TechnipFMC for work in Brazil.The scope covers the pre-installation of the mooring system and hook-up of the FPSO P-78. The FPSO P-78 will be the seventh FPSO in the Búzios field…
Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro…
Norwegian offshore vessel owner DOF said Wednesday that Brazil's Petrobras had awarded a new long-term charter contract to DOF's Brazilian affiliate Norskan Offshore Ltda. for an AHTS to operate as AHTS-TS or TO.Petrobras has hired the Skandi Ipanema vessel for four years firm…
Energy producer Hess Corp. on Wednesday beat Wall Street estimates for fourth-quarter profit on higher crude prices, and said it had found more oil offshore Guyana.Western sanctions against major energy producer Russia and the decision of producer…
West Africa-focused oil producer Tullow sees its 2022 free cash flow at $267 million, slightly ahead of previous guidance and up from $245 million the previous year, it said in a trading update on Wednesday. It plans to invest $400 million this year…
Vallourec has signed a long-term agreement with Petrobras for OCTG (Oil Country Tubular Goods) solutions. The three-year agreement covers the supply of OCTG Premium products, associated accessories, and specialized physical and digital services…
TechnipFMC said on Tuesday that the Brazilian oil company Petrobras had awarded it a large master services agreement for subsea services. For TechnipFMC, a “substantial” contract is between $250 million and $500 million.The three-year contract has an option to extend for two years…
The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela…
U.S. oil and gas producer Hess Corp on Tuesday forecast higher Exploration & Production (E&P) capital and exploratory budget of $3.7 billion for 2023, of which more than 80% would be allocated to Guyana and North Dakota's Bakken shale field…
Guyana is in talks with Qatar, Britain, the United Arab Emirates, and India on the possibility of directly allocating offshore blocks for oil and gas exploration in parallel with a bidding round this year, President Irfaan Ali said on Monday…
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