Brazilian state-run oil firm Petrobras posted a net profit of 15.6 billion reais ($2.96 billion) for the fourth quarter and plans to distribute 8.1 billion reais in interest on equity for the period, it said in separate filings on Thursday.The…
Brazilian firms OceanPact and CBO have announced plans to combine their businesses, creating what the companies described as the country’s most comprehensive integrated fleet and services platform for the offshore sector.The transaction will…
CHC do Brazil, part of CHC Helicopter, has been awarded a contract by Equinor to provide crew change support for the Bacalhau field offshore Brazil.The contract began at the start of February 2026. Under the agreement, CHC is operating an S…
Brazilian independent oil and gas firm PRIO has secured the operating license from the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) for the Wahoo pre-salt field in Campos Basin, offshore Brazil.With the issuance of the operating license…
Venezuela can now pay for gas received from Eni with oil thanks to a recent easing of U.S. sanctions, unlocking a situation that had left the Latin American country with a large debt to the Italian firm, Eni's CEO said on Thursday.'That's really a big upside…
Venezuela's oil ministry has suspended 19 oil production-sharing contracts with private companies signed under the administration of President Nicolas Maduro, four sources with knowledge of the move told Reuters on Thursday.The suspension has had no impact on the country's oil and gas output so far…
Italian oil contractor Saipem is ready to resume activities in Venezuela for both offshore and onshore projects after the easing of U.S. sanctions, Chief Executive Alessandro Puliti said on Wednesday.'Things in Venezuela are changing very quickly…
Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras for its Aker Wayfarer vessel.AKOFS Offshore, majority owned by Akastor, said the 2010-built vessel will continue…
Exxon Mobil is continuing work to determine the size of natural gas resources at Guyana's prolific Stabroek Block, Guyana's energy minister said, as the company pursues broader development of the resource in the South American country.The U…
General licenses for oil and gas exploration in Venezuela issued by the U.S. this month will allow Shell to progress with its Dragon gas project, a company spokesperson told Reuters on Thursday.The project, envisioned to produce gas from a field in Venezuelan waters with 4…
A pipeline between neighbors Guyana and Suriname to transport gas from their offshore projects would be of 'high interest' to increase the availability of the fuel, said on Wednesday the managing director of Suriname's state-run Staatsolie, Annand Jagesar…
Exxon Mobil's fifth and sixth projects in Guyana - Uaru and Whiptail - are progressing ahead of schedule and under budget, the oil major's president of Guyana operations said on Wednesday during an energy conference.Alistair Routledge, Exxon Guyana President…
Suriname and Guyana plan to create a joint technical team to explore the development of natural gas production projects between the two South American countries, Suriname's oil minister told Reuters.The team, which could be installed next month…
Jumbo Offshore has completed mooring pre-installation activities for the Errea Wittu floating production, storage and offloading (FPSO) unit at ExxonMobil Guyana’s Uaru Field in the Stabroek Block offshore Guyana.The work, carried out on behalf of MODEC…
Petrobras has welcomed its P-79 floating production, storage and offloading (FPSO) unit to the Búzios field in Brazil’s Santos Basin pre-salt, in line with the planned schedule.The unit, capable of producing 180,000 barrels of oil per day and compressing 7…
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