Offshore South America News - page 8

Total, Apache Make Another Oil Find Offshore Suriname

Jan 14, 2021

French oil giant Total and its partner Apache said Thursday they'd made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous offshore discoveries in the Block at Maka Central…

20 High Impact O&G Exploration Wells to Watch in 2021

Jan 13, 2021

High impact exploration has weathered a perfect storm of a pandemic, an oil price crash, and an accelerating energy transition, and enters 2021 with a substantial drilling program that should at least match 2020.High-impact exploration started…

Brazil: TGS Starts Espirito Santo 3D Seismic Survey

Jan 13, 2021

Norwegian marine seismic data firm TGS on Wednesday announced the start of the Espirito Santo multi-client 3D seismic survey offshore Brazil.'This survey, covering 2,694 square kilometers, will broaden the region's 3D coverage while adding to the extensive offshore seismic library…

PGS to Reprocess Uruguay's Exploration Data

Jan 12, 2021

Norwegian oil and gas exploration seismic data company PGS has signed an agreement with Uruguay's state oil company ANCAP to reprocess over 11 000 km of existing 2D lines of various vintages, applying the latest seismic imaging techniques.'This rejuvenation will provide new…

Petrobras Hires Ocyan's Norbe VIII Drillship

Jan 11, 2021

Brazilian oil and gas giant Petrobras has on behalf of the Libra consortium, hired Ocyan's deepwater drillship Norbe VIII to drill at the Mero field, off Brazil.The contract is for a period of 425 days and is expected to start in July 2021,…

Constellation Nets Long-Term Drillship Deal with Petrobras

Jan 08, 2021

Brazilian oil and gas drilling company Constellation has won a long-term contract for its ultra-deepwater drillship Brava Star with the Brazilian oil firm Petrobras.Constellation said this week that the contract for the 2015-built Brava Star…

Petrobras Says 2020 Oil Output Averaged Record 2.28 Million BPD

Jan 07, 2021

Brazil's state-run oil company Petrolero Brasileiro SA produced a record 2.28 million barrels of oil per day on average in 2020, according to a securities filing on Thursday.The combined oil and natural gas output of Petrobras, as the company is known…

EIG Sells Share in Brazil-Bolivia pipeline, Eyes Petrobras' Assets

Jan 06, 2021

EIG Global Energy Partners has sold to Fluxys Belgium a portion of South America's biggest natural gas pipeline, clearing a regulatory obstacle to buying a bigger share of the Brazil-Bolivia duct, EIG's CEO said on Tuesday.U.S.-based EIG wants…

ExxonMobil Spuds Bulletwood Well, Offshore Guyana

Jan 05, 2021

U.S. oil major ExxonMobil has reportedly started drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana.The news was shared Tuesday by Westmount Energy, an indirect partner in the Canje Block. Westmount owns an indirect interest in the Canje Block as a result of its circa 7…

Venezuela's Oil Exports Plunge to 1940's Level Under Tighter U.S. Sanctions

Jan 04, 2021

Pressured by strict U.S. sanctions, Venezuela's oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run PDVSA, financially squeezing socialist President Nicolas Maduro…

Falklands Oil Explorer in Board Changes

Dec 30, 2020

Borders & Southern Petroleum, a company with oil and gas exploration assets offshore the Falkand Islands, on Wednesday announced board changes.The London based independent oil & gas exploration company announced the retirement of Nigel Hurst-Brown from the Board of Directors…

Brazil: Petrobras receives $45M in Vitol Corruption Settlement

Dec 30, 2020

Brazilian state-run oil company Petrobras said that it had received 232.6 million reais ($44.65 million) on Tuesday in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.Petroleo Brasileiro SA…

Shell Completes Acquisition of Offshore Blocks in Colombia

Dec 28, 2020

Colombian oil and gas company Ecopetrol has informed that Shell has completed the previously agreed acquisition of 50 percent interest in three Colombian deepwater oil and gas blocks.The two companies signed an agreement in February which entailed…

Brazilian Oil Firm Buys Offshore Drilling Rig for One Dollar

Dec 28, 2020

Brazilian oil company PetroRio has signed an agreement to buy a 1974-built semi-submersible drilling rig for one dollar.The company earlier this month said it had signed a deal with Ventura for the acquisition, for US$ 1.00 (one US Dollar), of the Atlantic Zephyr rig…

Petrobras Finds 'Excellent Quality' Oil at Buzios Field Well

Dec 24, 2020

Brazilian oil firm Petrobras has said it has confirmed oil of excellent quality with the drilling of well 9-BUZ-48D-RJS, located in the extreme northwest of Búzios field in the Santos Basin, offshore Brazil.The well is located 188 km from the…

Current News

Early-season Gulf of Mexico Storm Trims Some US Oil Production

Suncor, Partners Reach Tentative Deal on Future Path for Terra Nova FPSO

TotalEnergies, Qatar Petroleum, Chevron Submit Winning Bids for Suriname Offshore Blocks

Siem Offshore Sells AHTS Duo to Reduce Debt

Subscribe for OE Digital E‑News