Norwegian energy company Equinor has taken a 50% stake in Argentina's largest offshore block as part of its collaboration with the South American country's state-controlled oil firm YPF.Equinor said on Wednesday it has signed a preliminary agreement…
Houston-based networking solutions provider RigNet announced on Tuesday that Brazil’s Ocyan has signed a multi-year agreement and selected Intelie Live, RigNet’s machine learning-based analytics platform, to be used at its Drilling and Marine Operational Support Center (CSD)…
State-controlled oil firm Petroleo Brasileiro SA said the cost of extracting oil in subsalt areas may fall from the current level of $6 a barrel, Chief Executive Roberto Castello Branco said during an event.(Reporting by Marta Nogueira Writing by Ana Mano Editing by Chizu Nomiyama)
Suriname's state-owned oil company is planning a bond sale next year to finance offshore oil exploration, its chief executive said on Thursday, as it seeks to capitalize on growing hype over neighboring Guyana's looming oil boom.The company…
Brazil's state-run oil company Petroleo Brasileiro SA said on Monday it had prepaid a 2.7 billion reais ($678 million) debt with its employees' pension fund Petros that was due in 2028, according to a securities filing.Petrobras, as the company is known…
Brazil's state-controlled oil company Petrobras sold stakes in a set of oilfields known as Polo Macau, located in the country's Potiguar Basin, to SPE 3R Petroleum for $191.1 million, the company said on Friday.Petrobras, or Petróleo Brasileiro SA…
Tullow Oil has made a major oil discovery in the deepwater Orinduik block offshore Guyana, raising expectations that the London-based independent will move to develop a field in the closely watched, oil-rich South American country.The discovery…
BHP Group said on Thursday it has approved $283 million in funding to develop the Ruby Project offshore in Trinidad and Tobago.Total investment in the project, in which operator BHP holds a 68.5% stake, is about $500 million, the company said…
The idea to connect Ocyan (formerly Odebrecht Oil and Gas) with startups was the main driver behind the oil company's Ocyan Waves Challenge project, as the company looks to advance its innovation efforts and nurture oil and gas technology development…
Energy logistics company Peterson said it is growing its Caribbean presence after being awarded a major contract with Repsol Exploracion Guyana, S.A.Having been selected as the main logistics contractor for the Carapa 1 exploration and drilling project offshore Guyana…
Brazilian state-run oil company Petroleo Brasileiro SA, or Petrobras, posted a long-awaited production boost in July after a disappointing June, as it ramped up production in the promising offshore 'pre-salt' region.In a presentation to discuss record quarterly profits…
Brazilian state-run oil firm Petroleo Brasileiro SA posted its highest ever quarterly profit on Thursday and handily beat analysts' estimates, thanks in large part to billions of reais in asset sales.In a securities filing, Petrobras, as the firm is commonly known…
Oilfield services company Halliburton announced on Wednesday the execution of an integrated services contract with Petrobras for pre-salt development in the Santos Basin offshore Brazil.The two-year and six month contract will provide drilling…
Brazil's Petrobras has signed a two-year contract to lease a drilling rig from Ocyan, formerly known as Odebrecht Oleo e Gas, an executive told Reuters, in the first deal between the firms since a corruption scandal erupted five years ago.Petroleo Brasileiro SA…
Qatar Petroleum has entered into an agreement with Total for a share of exploration and production rights in two blocks offshore Guyana in Latin America.Under the agreement, which is subject to customary regulatory approvals by the government of Guyana…