Exxon Mobil Corp on Friday said it is accelerating output at its Guyana offshore oil development, starting a new production vessel that will bring total capacity to more than 340,000 barrels per day.An Exxon-led consortium started production…
Brazilian oil company Enauta has completed the acquisition of the FPSO OSX-2 for the Definitive System of the Atlanta Field in Brazil for $80 million.Atlanta Field is located in the Santos Basin, offshore Brazil, and is fully owned by Enauta…
Shearwater GeoServices has signed 'a significant' licensing contract for its Shearwater Reveal geophysical software with Petrobras. The agreement includes the provision of associated training and support services.Under the agreement, Petrobras’…
Norwegian offshore vessel operator Solstad Offshore has secured several contracts for its construction support vessels.The contracts, for deployment in the North Sea, Brazil and West Africa, will have a combined total length of 640 days, with additional extension options available upon expiration…
The Guanabara FPSO has arrived at the Mero field in the Santos Basin, offshore Brazil, the Brazilian state-run oil company Petrobras has informed.The FPSO, also known as Mero 1, will be the first 'definitive' oil production system at the Mero field…
Peru Environment Minister Ruben Ramirez said on Monday the government will temporarily suspend Repsol's offshore oil unloading operations following a spill of over 10,000 barrels that has caused widespread environmental damage.Ramirez said the…
Canada's CGX Energy on Monday reaffirmed it and parent Frontera Energy discovered an oil and gas reservoir off the coast of Guyana and said drilling on a second well could begin later this year.Its Kawa-1 well found approximately 177 feet (54…
Peruvian prosecutors requested on Thursday that the president and three other executives of Spanish oil firm Repsol SA's local refinery be barred from leaving Peru for 18 months while a probe into an oil leak is under way.Repsol's La Pampilla refinery…
Peru's environmental regulatory agency said on Wednesday it was investigating the possibility that Spanish energy company Repsol SA was responsible for a second oil spill in as many weeks off the country's central Pacific coast.The suspected…
ONGC Videsh Limited (OVL), a subsidiary of Indian national oil firm ONGC, has said it has entered a development stage for a deepwater gas project in Brazil.The company had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4…
Brazilian oil firm Enauta has cut investment in the Santos basin's Atlanta field, as it decides whether to involve new partners in the asset, the company's president, Décio Oddone, told Reuters.After a review of the project's concept, based on lessons learned…
Hess Corp said on Tuesday it expects its 2022 capital budget for production to rise 37% as the oil company looks to focus on its operations in Guyana and the U.S. Bakken shale basin.A more than 50% rise in global crude prices in the past year…
Dutch FPSO leasing company SBM Offshore has agreed to sell down a 45% stake in the FPSO Almirante Tamandaré, one of the world's largest FPSOs, being built for Brazil's Petrobras.'SBM Offshore is pleased to announce that it has entered into a…
Brazilian oil company Enauta has agreed to buy FPSO OSX-2 for the Definitive System (DS) of the Atlanta oil field in the Santos Basin, offshore Brazil.The completion of the acquisition is contingent on compliance with the agreed contractual…
Brazilian President Jair Bolsonaro cut short his first official visit to neighboring Guyana on Friday after his mother died, meaning talks on a planned South American energy alliance would be postponed.Bolsonaro said his mother Olinda Bonturi…
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