Oilfield service companies including Weatherford International, Baker Hughes, Halliburton and SLB are advertising dozens of jobs in Venezuela, according to company websites, an early sign that a Washington-backed plan to rebuild the country's energy industry is gaining traction…
Venezuela expects nearly $76 billion in oil investment over the next five years under recently signed agreements, acting President Delcy Rodriguez said on Saturday, adding that a bilateral accord with the US includes plans to drill 250 rigs…
Petrobras has signed cost and volume balancing agreements with Shell, TotalEnergies and Petrogal covering the Berbigão and Sururu shared reservoirs in Brazil's offshore Santos Basin, under which it will receive a net payment of approximately $859 million…
Argentina's government said on Tuesday it had filed a request for provisional measures with the International Tribunal for the Law of the Sea seeking to halt British-authorized hydrocarbon activity near the Falkland Islands.The request aims…
TGS and SLB have announced the second phase of their Pelotas Sul multi-client 3D seismic survey offshore southern Brazil, covering approximately 11,200 square kilometers in the Pelotas Basin.A Ramform Titan-class vessel is scheduled to begin data acquisition in October 2026…
EnerMech has secured a contract by Subsea7 to provide pipeline and subsea pre-commissioning services for the Ginger offshore development project in Trinidad and Tobago.The contract covers testing, flushing, hydrotesting, water filling, leak…
Rockhopper Exploration has agreed to invest $44 million to acquire a 35% interest in the OSX-1 floating production, storage and offloading (FPSO) vessel, which is planned for the accelerated development of the Sea Lion oil field in the North Falkland Basin…
Brazil awarded 56 oil and gas exploration blocks in two licensing rounds held on October 7, with Petrobras, Equinor, QatarEnergy, Galp and Chinese energy companies among the successful bidders, according to the country's National Agency of Petroleum…
ExxonMobil said on Wednesday that it will conduct maintenance work on a near-shore section of an offshore pipeline near Crane on Guyana's West Coast Demerara, beginning Oct 14.The work follows an issue identified during inspections earlier this year and is expected to continue until about Dec 1…
TechnipFMC has been awarded a subsea contract worth between $75 million and $250 million by Petrobras to supply flexible pipe systems for multiple pre-salt developments offshore Brazil.The contract, awarded following a competitive bidding process…
Framo has signed a four-year agreement with Petrobras to inspect and maintain pumping systems across the Brazilian energy company's fleet of about 30 floating production, storage and offloading (FPSO) units, in what the Norwegian pump manufacturer…
Valaris has added about $220 million to its contract backlog through new offshore drilling contracts and extensions since its previous fleet update in August, including work in Suriname, Australia and the North Sea.The offshore driller secured…
Baker Hughes has signed two agreements aimed at developing Venezuela's natural gas and energy infrastructure, including a partnership with state oil company PDVSA targeting gas production, processing, transportation and potential LNG exports…
Halliburton has ruled out working on the Sea Lion oil project near the Falkland Islands after Argentine federal authorities raised questions over potential criminal and civil enforcement related to hydrocarbon activities around the disputed territory…