Offshore South America News - page 2


PGS Good to Go on Petrobras’ 4D Survey Offshore Brazil

May 30, 2024

Norwegian seismic firm PGS has obtained all permits for the start of the large Petrobras’ 4D survey over the Barracuda Caratinga fields, offshore Brazil.The Brazilian Institute of Environment and Renewable Natural Resources (IBAMA) has issued…

Subsea7 Secures Over $1.25B Contract for Work at Petrobras’ Buzios Field

May 30, 2024

Offshore services firm Subsea 7 has been awarded a ‘super major’ contract by Petrobras for the development of the Búzios 9 field offshore Brazil.The contract scope includes engineering, procurement, fabrication, installation, and pre-commissioning…

Yinson Production Refinances FPSO Anna Nery Through $1B Bond Placement

May 29, 2024

Yinson Production has placed $1.035 billion senior secured notes to refinance the floating, production, storage and offloading (FPSO) vessel Anna Nery, working for Petrobras in the Marlim field, offshore Brazil.The successful pricing of $1.035 billion 144A/Reg S non-recourse…

Amos Global Awaits US License to Expand in Venezuela's Shallow Waters

May 29, 2024

Houston-based investment fund Amos Global Energy is waiting for a license from the U.S. Treasury Department to complete the purchase of Chinese Sinopec's stake in a shallow-water oil and gas project in Venezuela, the company said on Tuesday…

Petrobras Welcomes Mero Field FPSO in Brazil

May 28, 2024

The floating production storage and offloading (FPSO) unit Marechal Duque De Caxias has set off to Petrobras’ Mero field in the pre-salt Santos Basin, after arriving to Brazil from MISC Berhad shipyard in China.The Marechal Duque de Caxias can produce up to 180…

New Petrobras CEO Says Oil Prospect is of “National Interest”

May 27, 2024

Petrobras' new chief executive said a basin in Brazil's Equatorial Margin, an environmentally sensitive offshore prospect seen as the country's most promising frontier for oil exploration, was a matter of 'national interest.'Magda Chambriard…

Petrobras Makes FID to Advance Two Oil Projects Offshore Brazil

May 27, 2024

Petrobras, together with its partners, has made the final investment decision (FID) for the second development phase of Atapu and Sépia fields, located in the prolific pre-salt Santos Basin, offshore Brazil.The Atapu field has been producing…

BP, EOG Resources in Talks to Jointly Develop Trinidad Gas Field

May 27, 2024

Oil major BP and U.S. shale producer EOG Resources are in discussions to jointly develop a natural gas field off the coast of Trinidad and Tobago, the British company said.The field holds just under 1 trillion cubic feet (tcf) of natural gas…

Brazil's Petrobras Aproves Chambriard as New CEO

May 27, 2024

Brazilian state-run oil firm Petrobras said its board of directors on Friday approved the nomination of Magda Chambriard as the company's new chief executive following the surprise announcement last week.Chambriard, a four-decade industry veteran…

Guyana Could Reallocate Gas Areas if Exxon Does Not Move Project Forward

May 24, 2024

An Exxon Mobil-led oil consortium will need to decide by October whether it will go ahead and develop a large natural gas find off the coast of Guyana, the country's vice president said on Thursday.The government has been pressing for a bonanza…

BP Pauses Gas-Field Talks with Venezuela as License Expires

May 23, 2024

Oil major BP has paused discussions with Venezuela on the development of a gas project on the maritime border with Trinidad and Tobago following the expiration of a U.S. license to Venezuela in April, a company spokesperson said on Wednesday…

Lula's Ambitions for Petrobras Hemmed in by New Rules

May 20, 2024

Brazilian President Luiz Inacio Lula da Silva may soon discover that swapping the CEO of Petrobras PETR4.SA is not enough to turn the state-run oil company into the engine for job creation and development it was during his first 2002-2010 terms…

Sapura Ônix Heads to Atlanta Field to Install Subsea Equipment

May 20, 2024

The specialized vessel Sapura Ônix is on its way to Atlanta Field in Santos Basin, offshore Brazil, where it will carry out the installation of subsea equipment to support the oil production, targeted for August 2024.Brazilian oil and gas company…

Anchoring Ops for FPSO Atlanta Start Offshore Brazil

May 16, 2024

Oil and gas company Enauta has started anchoring operations for the floating production storage and offloading (FPSO) unit Atlanta in Santos Basin, offshore Brazil.As planned, the FPSO Atlanta arrived at Atlanta Field in Santos Basin on May 11…

Petronas Makes Oil and Gas Discovery Offshore Suriname

May 16, 2024

Petronas Suriname E&P, a subsidiary of Malaysia’s energy company Petronas, has made a third hydrocarbon discovery at the Fusaea-1 exploration well in Suriname’s Block 52.The discovery is located about 170 kilometers offshore and 9 kilometers east from Roystonea-1…

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