Offshore South America News - page 7

 

Trinidad Seeks Clarifications Over Potential US License Cancellations

Feb 28, 2025

Trinidad and Tobago is reaching out to U.S. President Donald Trump's administration to understand if his announced cancellation of oil licenses related to Venezuela will affect authorizations for projects with the Caribbean nation, Energy Minister Stuart Young said on Thursday…

Trump Cancels Chevron's Venezuela Oil License

Feb 27, 2025

U.S. President Donald Trump on Wednesday said he was reversing a license given to Chevron to operate in Venezuela by his predecessor Joe Biden more than two years ago, accusing President Nicolas Maduro of not making progress on electoral reforms and migrant returns…

Trinidad wants Extension for Shell's Venezuela Gas Project

Feb 25, 2025

Trinidad and Tobago plans to ask U.S. President Donald Trump's administration to extend a license for Shell and Trinidad's National Gas Company to develop a key gas project in Venezuela, four sources close to the preparations said.The U.S. license…

Afreximbank to Create $1B Oil Service Financing Facility in Guyana

Feb 24, 2025

African Export-Import Bank (Afreximbank) has unveiled plans to establish a $1 billion oil service financing facility in Guyana, which aims to enhance local participation in the country’s fast growing oil industry.The bank will deploy the $1…

Shearwater Nets ExxonMobil’s Contract for 4D OBN Survey Off Guyana

Feb 24, 2025

Offshore seismic services firm Shearwater Geoservices has secured large deepwater 4D ocean bottom node (OBN) reservoir surveillance program by ExxonMobil Guyana.Under the contract, Shearwater will begin a six-month survey starting in the first half of 2025…

Staatsolie Looks to Secure $1.5B to Join GranMorgu Project Off Suriname

Feb 24, 2025

Suriname's Staatsolie needs to secure an unprecedented $1.5 billion in bank financing this year to ensure it can participate in the country's Gran Morgu energy project, the head of the state-owned company told Reuters.The project, led by TotalEnergies…

Guyana Set to Sign Oil Exploration Deal with TotalEnergies-Led Group

Feb 24, 2025

Guyana expects to soon sign an oil production-sharing agreement with a consortium led by France's TotalEnergies that will allow it to explore an offshore area, Energy Minister Vickram Bharrat told Reuters.Guyana is the world's fastest-growing…

Constellation Plans Oslo Stock Exchange Listing

Feb 21, 2025

Constellation, a major offshore oil and gas drilling services provider in Brazil, operating 22% country´s offshore drilling rigs, has outlined its plan to list the company’s shares Euronext Growth Oslo.Constellation, with 1,800 employees and a 45-year track record…

Brava Energia to Connect Four More Wells to Atlanta FPSO

Feb 20, 2025

Brazil's Brava Energia will connect four more wells to its Atlanta field in the first half of 2025, as it starts shipping oil to commodity trading firm Trafigura under a supply deal for six million barrels.That will bring the total number of…

ExxonMobil, Guyana Plan Large-Scale Gas Scheme

Feb 20, 2025

U.S. oil major Exxon Mobil plans to boost natural gas output and supply in Guyana through a large-scale project announced on Wednesday, following the government's call for more gas to fuel onshore power and petrochemical projects.The 'Wales Gas Vision'…

ONE Guyana FPSO En Route to ExxonMobil’s Yellowtail Field

Feb 19, 2025

The fourth floating production facility to be operated by a consortium led by Exxon Mobil in Guyana has departed from Singapore on its route to the South American country's waters, according to a company executive and LSEG vessel tracking data seen on Tuesday…

ExxonMobil Targets 180,000 bpd of Oil at Guyana’s Hammerhead Project

Feb 18, 2025

A consortium led by U.S. major Exxon Mobil plans to produce up to 180,000 barrels per day (bpd) of oil and 95 million cubic feet per day (mmcfd) of gas at its seventh project in Guyana, Hammerhead, according to a document published by the country's environmental agency on Monday…

Amplus Energy Services Buys Altera’s FPSO Fresh Off Duty from Brazil

Feb 18, 2025

Floating production solutions specialist Amplus Energy Services has signed an agreement with Altera Infrastructure to acquire the Petrojarl I floating production storage and offloading (FPSO) unit, which recently completed its deployment at Petrobras’ Atlanta field offshore Brazil…

Petrobras to Assess Reuse of Demobilized Oil and Gas Platforms

Feb 18, 2025

Brazilian state-run oil firm Petrobras has signed two Protocols of Intent to carry out studies on the reuse of oil and gas production platforms that are in the demobilization stage.The first Protocols of Intent agreement was signed by Petrobras…

Petrobras Starts Production at Largest FPSO to Operate Offshore Brazil

Feb 17, 2025

The floating production, storage, and offloading (FPSO) unit Almirante Tamandaré, built by SBM Offshore, has started production at Petrobras’ Búzios field, offshore Brazil.This is the first high-capacity unit to be installed in the field, with the potential to produce up to 225…

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