Brazil's Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels on June 27, totaling 664,000 bpd and 822,000 boed.The oil company said it sold 764…
OPEC has cut oil output in June by 1.25 million barrels per day (bpd) from May levels as it works to implement a supply restraint agreement with Russia and other allies, according to estimates from tanker-tracking company Petro-Logistics.OPEC and its allies…
Oslo-listed seismic data acquisition company Seabird Exploration has won a short-term contract for its Eagle Explorer vessel, and has also revealed a plan to sell its Harrier Explorer vessel for recycling.As for the contract, SeaBird said that…
A group of 19 companies including oil majors, trading houses and state-run firms were approved by Guyana's government for the next phase of a competitive process aimed at selecting an agent for marketing its share of crude produced in the country…
Argentinian energy company YPF has sent a force majeure notice to Belgium shipowner Exmar, saying it is unable to pay for the charter of the Tango FLNG unit due to the effect of the coronavirus pandemic.According to Exmar, YPF claims that effects…
Brazil's state-run oil firm Petroleo Brasileiro SA said on Thursday that it has commenced oil and gas production at the Atapu well in the eastern portion of the country's massive Santos basin.Petrobras, as the company is known, is operating the well with the P-70 floating production…
Exxon Mobil Corp has restored crude output at its nascent project off Guyana's coast after addressing problems with gas reinjection equipment, the South American country's environmental regulator said on Friday.Output at the offshore Liza field…
Brazilian state-run oil firm Petrobras has kicked off a sale process for its Atum, Curima, Espada and Xareu offshore oilfields, the company said on Friday.In a securities filing, Petroleo Brasileiro SA, as the company is formally known, said the shallow-water fields produce 4…
Norwegian offshore seismic data acquisition company PGS has said that the first data of its Peru MegaSurvey is now available. The seismic dataset, including 2D and 3D data, is aimed at E&P companies interested in South America, specifically Peruvian coastline hydrocarbon potential…
Norwegian offshore vessel operator DOF has secured long-term charters for a trio of anchor handling units with Petrobras in Brazil.DOF said Tuesday Petrobras had awarded its Skandi Urca and Skandi Fluminense vessels 2+2 year contracts with the start in September 2020…
Norwegian offshore vessel owner Solstad Offshore has secured long-term charters for two of its anchor handling tug and supply vessels in Brazil.Solstad said Tuesday that Petrobras had chartered its AHTS vessels Far Sagaris and Far Statesman for a period of three years…
Norwegian seismic acquisition company PGS has said that its Ramform Titan has completed a seismic survey project in Brazil, breaking a streamer spread record in the process.The company said Tuesday that it had completed the survey on the first…
ExxonMobil Corp has reduced crude output at its nascent project off Guyana's coast due to problems with gas reinjection equipment, a move meant to avoid excessive gas flaring, the South American country's environmental regulator said on Monday…
Brazilian oil workers' union and oil company Petrobras have this week dismissed reports of a helicopter crash in the Campos basin, as fake news.Union SindipetroNF issued a statement is which it said that the 'news published in some media on Monday…
Oil and gas firm Bahamas Petroleum Company, expected to spud its first well offshore the Bahamas later this year, has expanded its portfolio.The company on Tuesday said it has been awarded the AREA OFF-1 petroleum licence offshore Uruguay. According to Bahamas Petroleum…