Brazilian oil company Enauta has decided not to sell its stake in the Manati offshore oil field in Brazil to Gas Bridge after the conditions required for the completion of the sale were not fulfilled.Enauta had in August 2020 entered into an agreement with Gas Bridge S…
Guyana's parliament on Wednesday approved local content rules for oil producers and a sovereign wealth fund to oversee the South American nation's earnings from a budding oil bonanza.International oil producers have discovered 10 billion barrels…
Brazilian state-run oil company Petrobras has declared four offshore concessions in the states of Alagoas and Sergipe commercially viable in presentations to the nation's oil regulator, it said in securities filing on Thursday.The company has…
Courts in four Brazilian states have suspended a 50% hike in natural gas prices planned by state-run oil company Petrobras, likely kicking off an intense legal battle between the firm, the distributors that buy its fuel and various political authorities…
Venezuela this year almost doubled its oil production from last year's decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades.The surprising reversal began as state-run Petroleos de Venezuela…
Norwegian offshore vessel operator Solstad Offshore ASA announced on Monday it has been awarded a new contract with Petróleo Brasileiro S.A. (Petrobras) for the 80.4-meter anchor handling tug supply vessel (AHTS) BOS Turquesa.The contract is three years firm…
Brazilian oil company Petrobras, as the operator of the Tupi offshore field, has submitted to the Brazilian National Petroleum, Natural Gas and Biofuel Agency (ANP), the review of the Integrated Development Plan (PD) of the Shared Deposit of Tupi and the Iracema Area…
Brazilian oil firm PetroRio has said it has filed with Brazil's National Petroleum Agency (“ANP”) the Declaration of Commerciality of the Wahoo discovery, as well as the Development Plan in exclusive operations.The Wahoo discovery is located at the C-M-101 Block…
Brazilian oil and gas company Enauta has informed that production has resumed from the Manati field, offshore Brazil, after a recent output halt caused by a valve issue.Enauta said that Petrobras, the operator, had informed it that the production resumed on Sunday…
Norwegian offshore vessel owner Solstad Offshore has secured a one-year contract for its platform supply vessel Normand Flipper.Solstad Offshore said that the contract, starting in December 2021, is for work in the UK North Sea. It did not say who the client was…
Malaysian FPSO contractor Yinson has signed a Letter of Intent with the Brazilian oil company Enauta Energia for the provision, operation, and maintenance of an FPSO at Enauta's Atlanta field in the Santos Basin, offshore Brazil.Enauta has been…
Dutch floating oil and gas production firm SBM Offshore has secured a $620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão, to be deployed in Brazil for Petrobras.The FPSO Alexandre de Gusmão will…
Malaysian oil firm Petronas said Friday it had with its consortium partners won the rights to the Sépia field, located in the Santos Basin, during Brazil’s Second Transfer of Rights Surplus Volume Bidding Round held in Rio de Janeiro.Sépia is a pre-salt oil field in the Santos Basin…
Brazilian oil company Enauta has approved the drilling of an additional well in the Early Production System (EPS) of the Atlanta field, in the Santos Basin, offshore Brazil.The Atlanta field normally produces oil via three wells linked to the FPSO Petrojarl I…
Exxon Mobil Corp is prepared to bid on Friday for new blocks in Brazil's deepwater oil fields, a focus area for its oil and gas production growth, people familiar with the matter said.Any bid would mark its first big investment since it decided to resume spending after a historic…
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