Offshore South America News - page 3


Guyana Vows to Develop Its Oil in an Environmentally Safe Manner

Aug 17, 2021

Guyana will develop its massive oil and gas discoveries with full environmental protections, a top official told a U.S. energy conference on Tuesday, pushing back against calls for energy providers to halt new exploration.The tiny South American…

Chevron Sees Brazil's Pre-salt Oil as Prize Asset

Aug 17, 2021

Chevron Corp is hoping to play a role in Brazil's pre-salt oil discoveries, the U.S. oil major's Brazil chief said on Tuesday at the Offshore Technology Conference (OTC) in Houston.The 'pre-salt chapter' might be the most important development in Chevron's more than century-long presence in Brazil…

Report: Official Says Brazil's Lower-carbon Oil projects Can Attract Majors

Aug 17, 2021

Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil, the production chief of state-controlled Petrobras said in an interview.Brazil oil…

Fugro Nets 3-year IRM Deal with Petrobras

Aug 16, 2021

Brazilian oil company Petrobras has awarded Fugro a three-year contract for subsea inspection, repair, and maintenance (IRM) services in Brazil.The contract is set to start in the fourth quarter of Q4 2021.Fugro will deploy the Fugro Aquarius…

Report: PDVSA Set to Restart Production from Corocoro Offshore Oil Field

Aug 13, 2021

Venezuela's national oil company PDVSA is reportedly preparing to resume production from the Corocoro offshore oil field.Reuters said Thursday, citing people familiar with the matter, that PDVSA would use the Cororoco oil to feed its refineries…

GlobalData: Brazil to Lead Offshore Oil and Condensate Output in 2025

Aug 13, 2021

Energy intelligence firm GlobalData expects Brazil to contribute around 23% or 1.3 million barrels per day (mmbd) of global crude oil and condensate production in 2025 from key offshore planned and announced projects (new-build projects) that are expected to start operations between 2021 to 2025…

VIDEO: Prosperity FPSO Hull Arrives in Singapore

Aug 12, 2021

The hull of the FPSO Prosperity, which will be Guyana's third offshore oil production unit once delivered, has arrived at the Keppel yard in Singapore, where it will be fitted with topside modules.SBM Offshore, which will deliver the FPSO  to end client ExxonMobil…

ExxonMobil Hires Oceaneering for Offshore Surveys in Guyana

Aug 10, 2021

ExxonMobil has hired offshore services firm Oceaneering for the provision of two surveys offshore Guyana, where Exxon has over the past few years discovered around nine billion barrels of oil.Oceaneering will carry out a towed and autonomous…

Talos Leaves Consortium Bidding on Petrobras' Albacora Offshore Fields

Aug 10, 2021

Talos Energy Inc has withdrawn from a consortium with EIG Global Energy Partners, Enauta Participacoes SA and 3R Petroleum Oleo e Gas SA, and the group has submitted a binding offer to Petrobras for the Albacora and Albacora Leste oilfields in Brazil…

Guyana Opts Against Long-term Oil Supply Deal with India

Aug 10, 2021

Guyana's Natural Resources Ministry said on Monday the country earned nearly $80 million from a July crude cargo sold to an Indian refiner, the highest figure since exports began in early 2020, though an official ruled out a long-term supply deal…

Guyana Earns Nearly $80 Mln from 7th Crude Cargo

Aug 09, 2021

Guyana earned nearly $80 million from the seventh crude cargo allocated to the government from the offshore Liza project, the highest figure since exports began in early 2020, the Ministry of Natural Resources said on Monday.The cargo of 1,047…

Petrobras Charters Solstad CSV in Brazil

Aug 06, 2021

Norwegian offshore service and supply ship shipping company Solstad Offshore announce it has secured a new contract for one of its construction support vessels (CSV) with Petrobras offshore Brazil. Financial details of the deal were not disclosed…

Petrobras Post Strong Results as Crude Rises, Gas Strengthen

Aug 05, 2021

Brazil's Petrobras beat second quarter profit estimates on Wednesday, as higher Brent prices, strong natural gas sales and relatively controlled expenses boosted the company's bottom line.In an evening securities filing, Petroleo Brasileiro SA…

By the Numbers: Eye on Guyana & FPSOs

Aug 02, 2021

According to Jim McCaul, Managing Director at IMA/World Energy Reports, Guyana has a huge appetite for FPSOs. Here's a brief 'by the numbers' look:The Stabroek Block covers 26,800 sq km containing multiple prospects and playsThere are 20+ discoveries…

Guyana in Focus: ExxonMobil Finds More Oil; FPSO Appetite 'Huge'

Jul 28, 2021

U.S. oil major ExxonMobil has made another oil discovery at the prolific Stabroek offshore block in Guyana. This adds to around nine billion barrels of oil equivalent discovered over the past few years and paves way for future development.The discovery was made at Whiptail-1 well at the 6…

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