Norway-based Axess Group has signed an offshore support services contract with FPSO operator Altera Infrastructure.Axess said this week that the long-term global contract would see Axess provide offshore support services to FPSO assets located…
Colombia's majority state-owned oil company Ecopetrol on Tuesday reported a soaring first-quarter net profit of 3.09 trillion pesos ($806.5 million) for this year, buoyed by improved oil prices and with the backdrop of a dismal comparative period in 2020…
Oilfield services company Baker Hughes has won a subsea oilfield equipment contract with the Brazilian oil company Petrobras as part of the Marlim and Voador field revitalization plan in the Campos Basin, offshore Brazil. Baker Hughes will supply…
Brazil's Petroleo Brasileiro SA will exercise its rights of first refusal and bid for the deepwater oil fields Sepia and Atapu, the company said in a filing.Petrobras, as the state-controlled producer is known, is aiming at a 30% stake in each field…
CGG delivered the fast-track data from its Agata Reimaging program over the Agata block in the Santos Basin, a highly prolific area of Brazil’s offshore pre-salt. The ultramodern reimaged seismic data set covering over 9,300 sq km will provide…
Brazil's Petrobras produced 2.196 million barrels of oil a day in the first quarter, the state-run company said on Tuesday, an increase from the fourth quarter, but a decline in yearly terms.Petroleo Brasileiro SA, as the company is formally known…
Offshore drilling contractor Seadrill said it has secured a four-year firm contract with four one year options for the West Saturn drillship with Equinor Brasil Energia Ltda for work on the Bacalhau field in Brazil.Total value for the firm portion of the contract…
U.S. oil major ExxonMobil said on Tuesday it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana.Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently…
Oilfield services firm TechnipFMC has this week secured 'a significant' subsea contract from Petrobras for the Marlim and Voador fields, located offshore Brazil. For TechnipFMC, a “significant” contract is between $75 million and $250 million…
Ocean Power Technologies, Inc. (OPT) said Thursday that Enel Green Power (EGP) has deployed OPT's PB3 PowerBuoy off the coast of Las Cruces, Chile to support the country’s transition to clean energy.OPT’s PB3 PowerBuoy converts wave motion into…
CGX Resources, an oil and gas company with offshore blocks in Guyana, has awarded Maersk Drilling a one-well rig contract.The Danish offshore drilling contractor said Thursday that CGX would use its semi-submersible drilling rig Maersk Discoverer…
Danish offshore drilling contractor Maersk Drilling has won a contract with Karoon Energy Ltd for the semi-submersible rig Maersk Developer to perform well intervention on four wells at the Baúna field offshore Brazil.Karoon took over Bauna from Petrobras in November 2020…
Singapore's Keppel Corporation has confirmed it has been in talks with the Brazilian oil company Petrobras to built an FPSO vessel for the Buzios field offshore Brazil.In a statement on Friday, responding to an article by Upstream Daily News…
The board of Petrobras has elected four career executives to head up key company divisions rather than bringing in more outsiders, Brazil's state-controlled oil company said on Friday, confirming news previously reported by Reuters.The board of directors of Petroleo Brasileiro SA…
Brazilian oil company Petrobras, as a leader of the Libra consortium operating the Libra offshore area in Brazil, on Friday said the consortium had informed the national regulator of the 'devolution' of the part of the block.Petrobras, on behalf of partners Shell…
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