Offshore South America News - page 5


CGX Energy, Frontera Strike Oil at Wei-1 Well Offshore Guyana

Jun 28, 2023

Guyana-focused oil and gas companies CGX Energy and Frontera Energy Corporation said Wednesday they had discovered oil at the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana. 'The Joint Venture…

Brazil Aims to Pass Offshore Wind, Green Hydrogen Laws by 2023 End

Jun 28, 2023

Brazil aims to pass a regulatory framework for offshore wind and green hydrogen by the end of this year, the country's energy minister told Reuters on Tuesday, as Latin America's largest nation seeks to unlock new sectors to power its energy transition…

Guyana Not Interested in Joining OPEC, VP Says

Jun 26, 2023

Nascent oil producer Guyana is not interested in joining the Organization of the Petroleum Exporting Countries (OPEC), Guyanese Vice-President Bharrat Jagdeo said on Monday, as the South American country looks to rapidly boost production and attract new operators…

Enauta Restarts Production from Atlanta Field Offshore Brazil

Jun 26, 2023

Brazilian oil company Enauta has restarted production from the Atlanta field offshore Brazil, after the completion of the scheduled maintenance shutdown of the FPSO Petrojarl I.The well production will gradually be restarted in accordance with…

Petrobras Says Reinjection of Gas in Wells is Essential to Oil Production

Jun 22, 2023

Brazil's state-run oil company Petrobras said on Thursday the reinjection of natural gas in wells is essential to its oil production, especially in its pre-salt fields.Speaking at an event, its Chief Executive Jean Paul Prates also said the…

Analysts Turn Bullish on Petrobras as New Policies Become Clearer

Jun 21, 2023

Analysts at major global banks have been upgrading their share price expectations for Brazil's state-run oil firm Petrobras PETR4.SA as they evaluate that the new leftist government's policies are not as unfriendly to investors as some had feared…

Brazil-bound FPSO Sepetiba Departs BOMESC Shipyard in China

Jun 19, 2023

The Brazil-bound FPSO Sepetiba sailed away from the BOMESC shipyard in China on June 16, 2023, following completion of the topsides integration and onshore commissioning phases.The unit—SBM Offshore’s third Fast4Ward FPSO—is transiting to the Mero field in the Santos Basin offshore Brazil…

Equinor Aims to Boost Brazil Offshore Oil Output Over Next Decade

Jun 14, 2023

Equinor plans to expand its oil production in Brazil more than fivefold over the next decade, while also eyeing green energy projects, especially in offshore wind power, an executive for the Norwegian energy giant said on Tuesday.The company aims to boost output to more than 500…

'Encouraging' Drilling Result Offshore Guyana as Frontera, CGX Wei Well Reaches Total Depth

Jun 13, 2023

Frontera Energy Corporation, in partnership with CGX Energy, said Tuesday it had reached total depth (TD) of 20,450' on the Wei-1 bypass exploration and appraisal well (Wei-1BP1), offshore Guyana.The original Wei-1 wellbore reached a depth of 19…

Russia's Novatek Offered Argentina Know-how to Liquefy Gas from Vaca Muerta

Jun 09, 2023

Russia's largest producer of liquefied natural gas (LNG) Novatek last year offered technology to build a plant to produce the gas from Argentina's Vaca Muerta field, a highly-placed source familiar with the proposal said, though the talks have since broken off…

Guyana Court Stays Order for Exxon to Give Unlimited Guarantee for Oil Spills

Jun 09, 2023

A Guyana Appellate Court judge on Thursday temporarily stayed a lower court's order requiring Exxon Mobil and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills.The stay lifts a cloud over oil production at the nation's first offshore oil platform…

Seismic Surveys: TGS Expands Multi-Client 3D Coverage in Malvinas Basin

Jun 06, 2023

Norwegian seismic data firm TGS on Tuesday announced an expansion of its multi-client 3D coverage in the Malvinas Basin offshore Argentina, called Malvinas 3D Phase III.TGS plans to acquire a ~7,500 square kilometer 3D seismic survey, and upon completion…

Challenger Energy Bids for AREA OFF-3 Offshore License in Uruguay

Jun 05, 2023

Oil and gas company Challenger Energy said Monday it had submitted a bid for and expected to win the rights to the AREA OFF-3 license offshore Uruguay, the sole remaining available block offshore Uruguay.All other offshore exploration licenses are held by energy majors Shell and Apache and YPF…

Trinidad Asks US for Changes to Venezuela Offshore Gas Project License

Jun 02, 2023

Trinidad and Tobago is requesting the U.S. government amend the terms of a license authorizing the joint development of a promising offshore gas field with Venezuela, the Caribbean nation's energy minister said on Thursday.The United States…

Petrobras Eyes Global Expansion as Brazil Hopes Fade, Sources Say

Jun 01, 2023

Brazil's Petrobras may look abroad for future growth, two sources with knowledge of the state-run firm's plans told Reuters, after environmental regulators dashed its hopes of exploring near the Amazon River where it had aimed to make its first major domestic oil discovery in over a decade…

Current News

COSL to Buy Four New Jack-Up Drilling Rigs for $445M

COSL to Buy Four New Jack-Up Drilling Rigs for $445M

TotalEnergies to Talk about Namibia Oil Exploration, Share Buybacks

TotalEnergies to Talk about Namibia Oil Exploration, Share Buybacks

Why the Volatile South Caucasus is Important for Oil and Gas supplies

Why the Volatile South Caucasus is Important for Oil and Gas supplies

Japan's Mitsui, Canada's Northland to Build 1 GW Offshore Wind Farm in Taiwan

Japan's Mitsui, Canada's Northland to Build 1 GW Offshore Wind Farm in Taiwan

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