Offshore South America News - page 3

Shell, APA JV, YPF Win Offshore Blocks in Uruguay

Jan 04, 2023

Uruguay's state oil company ANCAP has awarded two offshore blocks to Argentina's YPF and a consortium between Shell and APA (ex-Apache). Shell and APA Corporation won the rights to Area OFF-4, where the consortium has committed to conducting 3D seismic acquisition…

Shearwater Adds 8 Months to Order Book with New Survey Deals in Brazil's Campos Basin

Jan 04, 2023

Marine seismic survey services firm Shearwater GeoServices has won two contracts for 4D seismic surveys with Petrobras for the Jubarte  and Tartaruga Verde fields in the Campos Basin offshore Brazil.  Combined, the two surveys add eight months to the Shearwater's order book…

Brazil: TGS, CGG in Foz do Amazonas 3D Survey

Jan 04, 2023

Offshore seismic data companies TGS and CGG on Wednesday announced the second phase of the Foz do Amazonas 3D multi-client survey, located in the offshore Brazil equatorial margin. This survey, covering 11,425 square kilometers, will broaden…

Report: Brazil's Petrobras CEO Resigns as Ministry Chooses his Successor

Jan 04, 2023

The chief executive of Brazilian oil company Petrobras, Caio Paes de Andrade, has informed the board of directors of his resignation, two sources with knowledge of the matter told Reuters on Tuesday.The resignation comes shortly after the country's…

Petrobras' Next CEO Seen Overseeing Strategic Shift with Renewables Focus

Jan 03, 2023

The nomination of a Brazilian senator and longtime energy consultant to lead Petrobras suggests President-elect Luiz Inacio Lula da Silva wants the state-run firm to pivot to more renewable energy projects.Since 2019, Petroleo Brasileiro SA has doubled down on deep…

Petroreconcavo Buys Maha Energy's Brazil Subsidiary

Dec 28, 2022

Brazilian oil company Petroreconcavo SA has agreed to buy Maha Energy's subsidiary in the Latin American country, the companies said on Wednesday, marking another step in the Brazilian firm's ongoing expansion.According to a securities filing…

Petrobras Taps PGS for Barracuda-Caratinga 4D Survey

Dec 22, 2022

The Norwegian offshore seismic data acquisition and processing company PGS said Thursday it had won a significant 4D production contract with Brazil's Petrobras.The project will cover the Barracuda-Caratinga field in the Campos basin offshore Brazil…

Production Resumes from Cidade de Anchieta FPSO After January 2022 Shutdown

Dec 20, 2022

Dutch FPSO leasing company SBM Offshore said Tuesday that production had resumed from its FPSO Cidade de Anchieta, offshore Brazil, after a lengthy shutdown.The Cidade de Anchieta, under contract with Petrobras in Brazil, has been shut down since January 22…

Singapore's Keppel Offshore & Marine Resolves Corruption Case in Brazil

Dec 20, 2022

Singapore's Keppel Offshore & Marine (KOM) has reached a joint resolution with the authorities in Brazil, in relation to the corrupt payments made by a former agent of Keppel Offshore & Marine in Brazil, which was previously announced in December 2017…

Oil Firms Take Four Out of 11 Offshore Blocks on Offer in Brazil's Bidding Round

Dec 19, 2022

Four out of the eleven blocks on offer in the Santos and Campos Basins offshore Brazil, were acquired as part of Brazil's first cycle of the Open Acreage in the production-sharing model (OPP), held Friday by the country's oil and gas regulator…

Petrobras' Efforts to Drill in Brazil's Foz do Amazonas Block Stalled by License Issues

Dec 16, 2022

Brazilian state-run oil company Petroleo Brasileiro SA is struggling to get a license that it needs to drill the ultra-deep waters of the Foz do Rio Amazonas Basin this year as planned, a source close to the matter told Reuters on Thursday. Petrobras…

Eletrobras, Shell Mull Co-investment in Brazil Offshore Wind Power

Dec 15, 2022

Brazilian power company Eletrobras and Shell have signed a cooperation agreement to exchange information as they mull a potential co-investment in offshore wind power in the South American country, Eletrobras said on Thursday.The move marks another step for Shell in the sector in Brazil…

Saipem Bags $1.2B Worth Offshore Oil Field Contracts in Guyana and Egypt

Dec 15, 2022

Italian energy industry services company Saipem has secured offshore oil and gas field construction contracts in Guyana and Egypt worth about $1.2 billion in total.In Guyana, the U.S. oil major ExxonMobil has hired Saipem to support its Uaru offshore oil field development project…

Guyana Launches Bidding Round for 14 Offshore Oil Blocks

Dec 12, 2022

Guyana on Friday formally opened a highly anticipated bidding round for 14 oil and gas blocks in its oil-rich offshore, hoping to award exploration contracts by the end of May.The country is home to one of the largest oil discoveries in the last decade…

Westwood: Record Levels of FPS Throughput Capacity to be Sanctioned in 2022

Dec 09, 2022

As we enter the final month of 2022, a review of the floating production system (FPS) market revealed that some E&Ps have been bold with investments in the development of their oil and gas (O&G) reserves, with a total of 1.9 mmboepd (1.3 mmbpd of oil and 3…

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