News
October 19, 2023
In a gesture of goodwill after Maduro’s government entered talks with some members of the opposition, the U.S. Treasury Department said Wednesday it issued a six-month license authorizing transactions involving the oil and gas sector in Venezuela.
News
October 15, 2023
Argentina is home to the world’s second-biggest trove of shale gas in Patagonia’s Vaca Muerta, or Dead Cow, formation. CEO Marcelo Mindlin, 59, who founded Pampa Energia SA in 2005 as the country rebounded from financial and economic implosion, wants to unearth as much of it as possible.
News
October 13, 2023
The FPSO will be designed to produce 250,000 boed, will have associated gas treatment capacity of 540 MMcfd and water injection capacity of 300,000 bpd. The FPSO will be spread moored in water depth of about 1,630 m and will be able to store around 2 MMbbl of crude oil.
News
October 04, 2023
It makes “geopolitical sense” for Petrobras to look at expanding into Venezuela and Bolivia because they are neighboring countries with vast potential for oil and gas, Prates said in a televised interview late Monday.
News
October 02, 2023
Brazil’s top environmental agency, Ibama, granted Petrobras the environmental license to research the Potiguar basin, one of five regions in the Equatorial Margin, according to Mines and Energy Minister Alexandre Silveira, following months of stalemate between the state-controlled oil company and the regulator.
News
September 29, 2023
The company will design, engineer, and manufacture 14 kilometers of gas injection riser pipes. TechnipFMC will also supply associated services including packing and storage.
News
September 28, 2023
The Toronto-based company sees its natural gas production rising to 60 MMcfd in the third quarter of 2024 as its Sinu-9 block comes online in the Lower Magdalena basin, according to Chief Financial Officer Jorge Fonseca.
News
September 22, 2023
The primary objective is to identify suitable geological formations for carbon storage.
News
September 21, 2023
The concession is located approximately 200 km from Rio de Janeiro, in water depths up to 2900 m. It contains natural gas and oil/condensate recoverable volumes of above 1 Bboe. Lead Image: Copyright, Equinor
News
September 20, 2023
Akselos' digital twin RB-FEA technology is 1000x faster than legacy simulation solutions and allows for limitless scale and accuracy. This will enable the Enauta team to fully integrate the engineering real-time simulation into a real operational life environment.
News
September 14, 2023
TGS well packages are interpretation-ready and include products such as standardized digital logs (LAS, LAS+, Mud LAS, Lith LAS), validated well headers, quality-controlled directional surveys and other available derivatives.
News
September 14, 2023
Transocean Ltd. announced a three-year award for the newbuild ultra-deepwater drillship Deepwater Aquila with a national oil company for work offshore Brazil.
News
September 13, 2023
The FPSO platform will undergo various legal and technical procedures before it is taken to the Mero field, in the Libra section of the pre-salt layer of the Santos basin.
News
September 13, 2023
The reserves, located in water depths between 100 and 1,000 meters, will be produced through a system of subsea wells connected to a FPSO located 150 km offshore Suriname, with an oil production capacity of 200,000 bpd.
News
September 12, 2023
Recent deepwater discoveries have uncovered large volumes of natural gas that could eventually turn Colombia into an exporter of the fuel, and companies including Petroleo Brasileiro SA and Shell Plc have expressed interest in expanding their participation in these projects.
News
September 11, 2023
Valaris Limited announced new contracts and contract extensions, with an associated contract backlog of approximately $65 million.
News
September 04, 2023
Oceaneering has been named a consortium partner to support transportation and installation work on the Girassol Life Extension project offshore Angola. The company has also been awarded a contract for work on a jumper installation project in the Stabroek block offshore Guyana.
News
August 31, 2023
Trendsetter Engineering, Inc. announced a two‐year contract extension with a major operator in Brazil for the use of the 6” 15K Trident Intervention System to facilitate well interventions, as well as plug and abandonment operations.
News
August 29, 2023
The company’s internal estimate is 38 MMboe of proven recoverable resources, predominantly oil, of which 19 MMboe developed and producing and 19 MMboe undeveloped, defined infill opportunities. BW Energy has identified a further 0.7 Tcf of recoverable gas accumulations for potential future development.
News
August 25, 2023
Easing sanctions could revive long-awaited drilling projects by Chevron Corp., the only U.S. oil company with operations in Venezuela, as well as those by European firms, including Eni SpA, Repsol SA and Maurel & Prom.
News
August 25, 2023
The national vote ordered the shutdown of the 58,000 bpd field owned by national oil company Petroecuador, within a year. But area voters in the province of Orellana voted to keep the field operating and, according to Ecuador’s constitution, that local vote takes precedence,
