Offshore South America News - page 6

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…

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…

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