Offshore South America News - page 12


Brazil's Petrobras Taps Chinese Companies for Energy Collaboration

Sep 01, 2023

Brazilian state-run oil company Petrobras PETR4.SA said on Wednesday it signed a memorandum of understanding (MOU) with Chinese state-owned oil firm CNOOC to extend its collaboration in the energy sector.In a securities filing, Petrobras said it has also signed a MOU with Asia's top refiner…

BW Energy Closes Deal to Acquire Saipem FPSO in Brazil

Aug 29, 2023

Norway's BW Energy is now able to move forward with its acquisition of the FPSO Cidade de Vitória on the Golfinho field in Brazil, more than a year after it reached a deal with the FPSO's Italian owner Saipem.The two companies had signed a memorandum…

PGS Awarded 3D Seismic Project Offshore Africa

Aug 24, 2023

Marine geophysical company PGS announced it has been awarded a 3D exploration acquisition contract offshore Africa.One of PGS' Ramform Titan Class vessel is expected to mobilize for the survey in the fourth quarter, subject to final approvals…

Guyana's Oil Boom Grabs Bigger Share of European Market

Aug 23, 2023

Guyana has gained a larger share of Europe's oil market this year, vessel monitoring data showed, driven by rising output by a consortium led by ExxonMobil and strong demand for light sweet crude grades amid a reshuffling of global oil flows…

Exxon Proposes Sixth Oil Project in Guyana for $12.9 Billion

Aug 21, 2023

Exxon Mobil Corp and partners plan to spend $12.93 billion to develop their sixth offshore oil project in Guyana, according to a filing published on Monday by the South American country.The floating production platform for the so-called Whiptail…

Colombia Must Build Trust to Carry Out Energy Transition - New Minister

Aug 18, 2023

Colombia needs to rebuild trust between communities, businesses and the government to successfully execute its energy transition, Minister of Mines and Energy Andres Camacho told journalists on Thursday. Camacho, an electrical engineer who previously worked in the ministry as an adviser…

Brazil President Lula's Aide: To Fund Energy Transition We Need Oil Money

Aug 16, 2023

There is no contradiction between defending an ecological transition and new oil exploration fronts, the chief of staff for Brazil President Luiz Inacio Lula da Silva said on Wednesday, as state-run giant Petrobras seeks clearance to drill a well at the mouth of the Amazon River…

Strohm's Deep-Water Thermoplastic Composite Pipe Jumper Installed Offshore Guyana

Aug 16, 2023

Strohm’s first deep-water/high pressure thermoplastic composite pipe (TCP) Jumper in South America has been installed, commissioned, and is up and running for ExxonMobil Guyana at its Liza field.The Jumper, incorporating advanced carbon fiber and polyamide12 materials…

Frontera to Evaluate Guyana Offshore Oil Discovery Before Proceeding

Aug 14, 2023

Frontera Energy and its unit CGX Energy expect to complete an analysis in the next two to three months of the Wei-1 oil well in Guyana before deciding whether to upgrade an exploration license to its development phase, Frontera said on Friday…

Solstad Offshore Wins $100M Vessel Contracts with PRIO and Equinor in Brazil

Aug 11, 2023

Solstad Offshore has been awarded two contracts worth $100 million in total from Brazilian clients.The Norwegian offshore vessel owner said that its construction support vessel, Normand Pioneer, won an extension of its charter contract with…

Guyana Oil Legislation Will Grant Broad Powers to Energy Minister

Aug 11, 2023

Guyana’s parliament on Thursday passed long-awaited oil legislation that grants the natural resources minister extensive power over its multi-billion-dollar oil industry. The new rules will be applied to future projects in the South American country…

Tullow to Sell Guyana Offshore Block Stake to Eco Atlantic for $700,000 and Potential Future Payouts

Aug 10, 2023

Oil company Tullow Oil agreed to sell its total interest in Tullow Guyana, which includes the Orinduik license (Tullow 60% operated equity) in Guyana to Eco Atlantic's subsidiary Eco Guyana Oil and Gas (Barbados) Limited in exchange for a combination of upfront cash and contingent consideration…

Amazon Nations Summit Faces Fault Lines on Oil, Deforestation

Aug 08, 2023

Eight Amazon rainforest nations are expected to face divisions over proposals to block new oil drilling and end deforestation when they meet on Tuesday for their first summit in 14 years.The meeting of the Amazon Cooperation Treaty Organization (ACTO) gathers heads of state from Bolivia…

APA's Appraisal Well Confirms Extension of Oil Resources Offshore Suriname

Aug 04, 2023

APA Corp. said on Wednesday its most recent appraisal well in Block 58 off Suriname's coast confirmed the extension of oil resources 14 kilometers from the discovery well.APA's exploration in Suriname has been closely watched as it could become Suriname's first commercial deepwater project…

Brazil's Petrobras Beats Profit Forecast, $3 bln Payout Announced

Aug 04, 2023

Brazilian national oil company Petrobras posted a nearly 36% drop in its second-quarter profits on Thursday, citing falling crude prices, although earnings surpassed analyst expectations. Latin America's top oil producer posted recurring net profit of 28…

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