Canada's CGX Energy on Monday reaffirmed it and parent Frontera Energy discovered an oil and gas reservoir off the coast of Guyana and said drilling on a second well could begin later this year.Its Kawa-1 well found approximately 177 feet (54…
Peruvian prosecutors requested on Thursday that the president and three other executives of Spanish oil firm Repsol SA's local refinery be barred from leaving Peru for 18 months while a probe into an oil leak is under way.Repsol's La Pampilla refinery…
Peru's environmental regulatory agency said on Wednesday it was investigating the possibility that Spanish energy company Repsol SA was responsible for a second oil spill in as many weeks off the country's central Pacific coast.The suspected…
ONGC Videsh Limited (OVL), a subsidiary of Indian national oil firm ONGC, has said it has entered a development stage for a deepwater gas project in Brazil.The company had registered a major gas discovery in 2019 in its deep offshore block BM-SEAL-4…
Brazilian oil firm Enauta has cut investment in the Santos basin's Atlanta field, as it decides whether to involve new partners in the asset, the company's president, Décio Oddone, told Reuters.After a review of the project's concept, based on lessons learned…
Hess Corp said on Tuesday it expects its 2022 capital budget for production to rise 37% as the oil company looks to focus on its operations in Guyana and the U.S. Bakken shale basin.A more than 50% rise in global crude prices in the past year…
Dutch FPSO leasing company SBM Offshore has agreed to sell down a 45% stake in the FPSO Almirante Tamandaré, one of the world's largest FPSOs, being built for Brazil's Petrobras.'SBM Offshore is pleased to announce that it has entered into a…
Brazilian oil company Enauta has agreed to buy FPSO OSX-2 for the Definitive System (DS) of the Atlanta oil field in the Santos Basin, offshore Brazil.The completion of the acquisition is contingent on compliance with the agreed contractual…
Brazilian President Jair Bolsonaro cut short his first official visit to neighboring Guyana on Friday after his mother died, meaning talks on a planned South American energy alliance would be postponed.Bolsonaro said his mother Olinda Bonturi…
Brazil's President Jair Bolsonaro said on Thursday that Suriname will give Brazilian state-controlled oil company Petrobras priority in the exploration of oil and gas reserves recently discovered off-shore.Bolsonaro spoke by webcast to supporters in Brazil from Paramaribo…
Brazilian oil company Enauta has completed repairs of a production line of the FPSO Petrojarl I FPSO at the Atlanta heavy crude oil field in Brazil, following last week's preventive shutdown of production, however, the company informed on Thursday of a COVID-10 outbreak aboard the floater…
The heads of state of Brazil, Guyana, and Suriname this week will take the first steps toward forging an infrastructure that would better share the neighboring South American countries' energy and natural resources.Brazil's President Jair Bolsonaro…
Brazilian oil company Enauta has extended the charter of the Petrojarl I FPSO, used as an early production system at its Atlanta field, in the Santos Basin, offshore Brazil.Enauta signed contracts with Altera to extend the charter and Operation and Maintenance (O&M) of FPSO Petrojarl I…
Oil and gas firm Eco Atlantic has increased its stake in JHI Associates by acquiring additional 800,000 common shares in JHI in return for 1,200,000 new common shares in Eco.'The purchase of the 800,000 common shares in JHI is expected to be completed on 21st January 2022…
Brazilian President Jair Bolsonaro will visit Suriname and Guyana on Thursday and Friday for talks on economic cooperation following recent discoveries of oil and gas by Brazil's two neighbors, the foreign ministry said on Monday.Bolsonaro and the presidents of Suriname…
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