Offshore South America News - page 2

Borr's Jack-up Rig "Ran" to Drill Two Offshore Wells in Latin America

Jan 20, 2023

Shallow water drilling contractor Borr Drilling said Friday its jack-up drilling rig 'Ran' had secured a Letter of Award from an unnamed client for work in Latin America.The award will cover drilling two offshore wells, with an estimated duration…

Saipem Secures $900M in Offshore Contracts with TotalEnergies and Equinor

Jan 20, 2023

Italian offshore engineering and construction company Saipem said Friday it had won two offshore contracts worth $900 million in total.First, together with Aker Solutions, Saipem won a contract with the French oil major TotalEnergies in Brazil…

Indian, European Oil Firms Looking to Bid for Guyana Offshore Blocks

Jan 18, 2023

Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction.The South…

Lapa South West: Aker Solutions Wins 'Sizeable' Deal with Oil Giant TotalEnergies in Brazil

Jan 17, 2023

Norwegian offshore engineering and construction firm Aker Solutions said Tuesday it had won a 'sizeable' contract with the French oil major TotalEnergies in Brazil.The contract is for the provision of the subsea production system, tools, and…

Guyana Expects State Oil Revenue to Hit $1.63B in 2023

Jan 17, 2023

Guyana's revenue from oil exports and royalties this year is expected to climb 31% to $1.63 billion, Finance Minister Ashni Singh said on Monday, on higher output from the addition of a third production facility near year-end. The South American…

Exxon Set to Order Fifth Guyana FPSO, Sizing up More Blocks

Jan 16, 2023

Exxon Mobil Corp. is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of its Guyanese operations, Alistair Routledge, told Reuters in an interview. The efforts…

Guanabara FPSO Hits Maximum Production Capacity, Petrobras Says

Jan 16, 2023

Brazilian oil firm Petrobras said that the Guanabara FPSO installed in the Mero field, in the Santos Basin pre-salt, had reached its maximum production capacity, with the mark of 180 thousand barrels of oil per day (bpd). The milestone was reached about eight months after the unit started operating…

TotalEnergies Approves FID for $1B Lapa Oil Project Offshore Brazil

Jan 16, 2023

French oil major TotalEnergies has approved the final investment decision for the Lapa South-West oil development located in the Santos Basin, 300 kilometers offshore Brazil.The company operates the project with a 45% interest. Its partners are Shell (30%) and Repsol Sinopec (25%)…

Guyana's Oil Exports Double, with Europe Taking Half of Cargoes

Jan 13, 2023

Guyana's oil exports jumped 164% last year, boosted by growing output and demand for the newest Latin American oil producer's light sweet crudes, particularly in Europe, where thirsty refiners ramped up imports to replace Russian supplies.Since…

Valaris Bags Drilling Contracts in Brazil, U.S. GoM, and UK North Sea

Jan 13, 2023

Offshore drilling firm Valaris said Friday it had recently secured contracts and extensions for its offshore drilling rigs in Brazil, the U.S. Gulf of Mexico, and the UK North Sea.In Brazil, French oil company TotalEnergies exercised an extension option for the VALARIS DS-15 drillship…

Guyana Eyes Offshore Oil, Gas Blocks Award to Indian Companies in Gov't Deals

Jan 12, 2023

Guyana is looking at awarding oil and gas exploration blocks to Indian companies as part of a broader hydrocarbon cooperation it is negotiating with India, the South American nation's president said on Thursday.Guyana, home to one of the largest oil discoveries in the last decade…

Guyana Seeks Indian Investment in Its Hydrocarbon Sector - Indian official

Jan 11, 2023

Guyana wants Indian companies to invest in its oil and gas sector as the South American nation aims to expand its nascent energy sector, a senior Indian foreign ministry official said on Tuesday. Guyana's President Mohamed Irfaan Ali and Suriname's President Chandrikapersad 'Chan' Santokhi…

Brazil: CGG Starts Foz do Amazonas 3D Seismic Reimaging Project

Jan 09, 2023

French offshore seismic data company CGG has announced the start of a new Foz do Amazonas 3D seismic reimaging project. This project is meant to support Brazil's Permanent Offer initiative in the Equatorial Margin. Supported by industry funding…

Hess Signals Guyana's Seventh Oil Platform

Jan 05, 2023

Hess Corp on Thursday said drilling results expected this month could add a seventh platform in Guyana, which would lift the nascent oil producing nation's output above the 1.2 million barrels of oil equivalent per day planned.The U.S. oil producer…

Iberdrola to Install its First-ever Floating Solar Plant in Brazil

Jan 05, 2023

Spanish renewable energy company Iberdrola has chosen Brazil as a place where it plans to install its first ever floating solar plant.The project will be built on the water surface of the Xaréu dam on the island of Fernando de Noronha, recognized by UNESCO as a World Natural Heritage Site…

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