News
June 10, 2024
Baker Hughes’ integrated approach will deploy wireline, coiled tubing, cementing, tubular running, wellbore intervention, fishing, and geosciences services in all of Petrobras’ offshore fields. The agreement also includes Baker Hughes remedial tools, completion fluids and production chemicals.
News
June 06, 2024
SBM Offshore announced that a Fast4Ward hull for the Block 58 development project offshore Suriname has been reserved by TotalEnergies. The announcement is in line with the Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the development project.
News
June 05, 2024
Engineering studies (FEED) are progressing for the development of the Sapakara and Krabdagu fields, with combined recoverable resources estimated above 700 MMbbl, thanks to the integration of Water Alternating Gas (WAG) injection technology to maximize recovery.
News
May 30, 2024
The contract scope includes engineering, procurement, fabrication, installation, and pre-commissioning of 102 km of rigid risers and flowlines for the steel lazy wave production system.
News
May 28, 2024
The transaction still needs to get past the U.S. Federal Trade Commission as well as the ongoing arbitration case brought by Exxon over control of Hess’ interest in the oil field offshore Guyana. Exxon has said the proceedings may drag into 2025.
News
May 27, 2024
TotalEnergies, together with the operator Petrobras and their partners in the Atapu and Sépia consortiums, have taken 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.
News
May 26, 2024
The P-84 and P-85 platforms are part of Petrobras' new generation of FPSO platforms, characterized by a high production capacity that prioritize sustainable practices with innovative technologies. The P-84 and P-85 FPSOs will each have a production capacity of 225,000 bopd and gas processing capacity of 10 MMcmd.
News
May 24, 2024
Petrobras’s board of directors appointed Magda Chambriard as the state-controlled oil giant’s next chief executive officer, who enters the job with a clear mandate to ramp up investments in sectors including refining.
News
May 24, 2024
Colombia is targeting oil productiton of 1 MMbpd by pressuring drillers to step up activity in underused exploration blocs, according to the nation’s top energy official.
News
May 23, 2024
Repsol recently signed a deal with state-owned Petroleos de Venezuela SA that adds jointly managed fields to its operations. In the next few months, the assets are expected to produce 20,000 bpd, doubling what the European major currently produces in one of its three ventures, Chief Executive Officer Josu Jon Imaz said in a call with investors in April.
News
May 23, 2024
President Javier Milei, who’s just months into a four-year term, pledges to go where no Argentine leader has successfully ventured for three decades by deregulating the country’s tightly controlled economy. But his signature legislation, which would stamp his libertarian vision on the economy — including free oil markets — still needs to win approval in congress.
News
May 21, 2024
From 2020 to 2023, Guyana's crude oil production grew by an average of 98,000 bpd annually, making it the third-fastest growing non-OPEC producer. This surge has driven substantial economic growth, with a 62.3% GDP increase in 2022, the highest globally, according to the IMF.
News
May 19, 2024
Seatrium’s scope of work includes the fabrication of several topsides modules, riser, mooring and umbilical structures, followed by the installation and integration of these structures and all topside modules for the FPSO Jaguar.
News
May 19, 2024
The combination will create a company with a production potential of more than 100,000 bpd of oil and natural gas.
News
May 19, 2024
Petroliam Nasional Bhd.’s discovery in the Roystonea and Fusaea blocks are approaching 400 MMbbl, WoodMac analysts said in a report Thursday. The finds could supply a floating production, storage and offloading vessel with about 100,000 bpd of oil-processing capacity, opening up the country to its first sanctioned development.
News
May 16, 2024
Oil firms that want to stay in Venezuela are flooding the U.S. Treasury’s Office of Foreign Assets Control with applications for permits after Washington reimposed sanctions last month, leaving officials struggling to clear the backlog.
News
May 16, 2024
Brazil President Luiz Inacio Lula da Silva will push the new head of Petrobras to speed the pace of investments into refineries and expand its natural gas supplies after ousting the state-run oil company’s chief executive officer, people familiar with his plans said.
News
May 16, 2024
GeoPark has signed a deal with Phoenix Global Resources to acquire non-operated working interests in four adjacent unconventional blocks in the Neuquén basin.
News
May 15, 2024
Further evaluation is being undertaken to determine the full extent of this offshore discovery and its potential for an integrated development with the recent Roystonea-1 and Sloanea-1 discoveries.
News
May 15, 2024
Prates’s dismissal was confirmed late Tuesday by people familiar with the matter, who asked not to be identified discussing private matters. Petrobras, as the company is commonly known, said in a statement late Tuesday that Prates is expected to officially resign at an upcoming board meeting.
News
May 14, 2024
From 2024 to 2028, Petrobras will start up 14 floating oil production platforms, which account for a third of the global FPSO orders in this period. There’s also a considerable demand for underwater systems to connect these units.
