Offshore South America News - page 2


Suriname Offers 11 Offshore Blocks in Bidding Round

Nov 08, 2023

A unit of Suriname state-owned energy company Staatsolie on Tuesday launched a competitive bidding round for 11 offshore areas in the country, with bids to be submitted through May.The blocks, in the nearshore and shallow offshore areas, are…

Brazil: New Fortress Energy Charters FSRU Energos Winter

Nov 06, 2023

New Fortress Energy said Monday it had executed a definitive agreement to charter the Floating Storage and Regasification Unit (“FSRU”) Energos Winter from Brazil's Petrobras starting in December 2023. The FSRU Energos Winter will be immediately deployed to Terminal Gas Sul (“TGS”)…

Noble Corp. Wins Contracts for Six Offshore Drilling Rigs

Nov 01, 2023

Offshore drilling contractor Noble Corp. on Tuesday released a fleet status report, according to which the company has secured contracts for six offshore drilling rigs since its previous fleet report issued on August 2, 2023.The company has secured contracts for three drillships—the Noble Valiant…

Brazilian Offshore Uptick Could Tighten US OSV Fleet

Nov 01, 2023

Increased activity in the Brazilian offshore oil and gas sector could help strengthen the market recovery for offshore supply vessels (OSV) in the U.S. Gulf of Mexico.In early October, Brazilian state-owned oil company Petrobras issued requests for quotations (RFQ) for up to 20 OSVs ranging from 3…

Subsea 7 Bags 'Major' Contract Offshore Brazil

Oct 31, 2023

Offshore services firm Subsea 7 today confirmed the award of a major contract amendment by Petrobras for the development of the Mero 4 field located approximately 200 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,200 metres water depth in the pre-salt Santos basin…

Colombia to Take Offshore Wind Farm Bids in August 2024

Oct 30, 2023

Colombia will receive offers for offshore wind blocks in August 2024, according to a timeline published by the government on Friday, following a presentation it gave to private companies and European government representatives.The government of President Gustavo Petro…

Brazil's Petrobras Third-quarter Oil Output Grows 9.6%

Oct 27, 2023

Brazilian state-run oil company Petrobras said on Thursday that its crude oil production during the third quarter rose 9.6% from the same period last year.Petrobras pumped 2.32 million barrels per day (bpd) in the July-to-September period, the firm said in a statement…

Exxon, TotalEnergies Bid for Shallow-water Guyana Oil and Gas Blocks

Oct 27, 2023

Oil production consortia led by TotalEnergies and Exxon Mobil bid on separate shallow-water oil and gas blocks in Guyana's first competitive auction, a government official said in a briefing on Thursday.The official disclosed which companies…

Guyana Says Another 'Significant Discovery' Made in Stabroek Block

Oct 26, 2023

An appraisal well drilled by a consortium led by Exxon Mobil in Guyana has resulted in a 'significant discovery' of oil and gas, the South American country's energy ministry said on Thursday.The Lancetfish-2 well results mark the fourth offshore discovery in the country this year…

Suriname Proposes Exchange of $675M Bonds for Oil-linked Debt

Oct 25, 2023

Suriname offered late Monday to exchange $675 million of dollar bonds for new notes, the next step in negotiations after reaching a deal with its bondholders in May.The government offered holders of debt due in 2023 and 2026 to swap their notes for a new 10-year bond due July 15…

Ecopetrol CEO: Oil Industry's Future Not Threatened by Energy Transition

Oct 25, 2023

Colombia's oil and gas industry is not coming to an end due to the transition to cleaner energy, Ecopetrol CEO Ricardo Roa said on Tuesday, in response to a union statement that alleged executive decision-making is threatening the majority state-owned company's future…

Colombia Eyes Launch for First-ever Offshore Wind Tender

Oct 25, 2023

Colombia hopes to launch its first-ever tender to license offshore wind blocks in December, Minister of Mines and Energy Andres Camacho said on Tuesday, adding that the ministry was analyzing more than 50 comments on a draft of the rules.In July…

Oilfield Services Giant Moving to Resume Work in Venezuela

Oct 20, 2023

The largest oilfield service firm, SLB, is planning a quick return to Venezuela's oilfields following the broad relaxation of U.S. sanctions on the country's oil industry, its chief executive said on Friday.The U.S. on Wednesday lifted most…

Transocean's Quarterly Rig Fleet Report: $745 Million in Drilling Contracts Secured

Oct 19, 2023

Deepwater drilling contractor Transocean shared Thursday its quarterly offshore rig fleet status report, in which it said it had secured $745 million worth of drilling contracts.During the period, the company secured contracts for three drillships: Dhirubhai Deepwater KG1…

US Grants License Amendment to Trinidad for Joint Offshore Gas Project with Venezuela

Oct 18, 2023

The United States has granted an amendment requested by the government of Trinidad and Tobago to a license allowing the joint development of an offshore gas project with Venezuela, the Caribbean country's Energy Minister Stuart Young said on Tuesday…

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