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,
News
August 23, 2023
A major impact study that environmental authorities are demanding as a requirement isn’t necessary for the project, the attorney general’s office, or AGU, said in an opinion that was released on Tuesday.
News
August 16, 2023
The Jumper, incorporating advanced carbon fiber and polyamide12 materials, is used for Water Alternating Gas (WAG) injection and was installed in depths over 1,700 m for the supermajor, after being landed and leak tested subsea.
News
August 15, 2023
Apache Corp., confident in its oil discovery with TotalEnergies SE off Suriname’s coast, is pursuing further discussions for a floating liquefied natural gas (LNG) site in cooperation with neighboring Guyana, an Apache executive told analysts and investors.
News
August 14, 2023
Whatever broader policy mix is implemented, the next government will continue to back production in shale patch Vaca Muerta. That was the unanimous opinion of top drillers state-run YPF SA and Pampa Energia SA, and TGS SA, which conditions and transports shale gas, on earnings calls last week.
News
August 10, 2023
Tullow’s decision to exit the Orinduik license is in line with its strategy to focus on its high return production assets in Africa and infrastructure-led exploration around producing hubs and delivering its objective to unlock value in emerging basins.
News
August 09, 2023
The attorney general’s office, or AGU, will issue an opinion that it is not necessary for Petroleo Brasileiro SA to conduct a major environmental impact study to begin prospecting oil in the so-called Foz do Amazonas, a region off the country’s northern coast, according to two people with knowledge of the matter.
News
August 07, 2023
Hydrocarbon resources in the Remanso area are estimated at 0.7 Tcfg and 52 MMbbl of liquids.
News
August 02, 2023
Exxon is involved in six areas of Argentina’s heralded Vaca Muerta — Spanish for Dead Cow — formation in Patagonia. The company’s plans to ramp up development of its flagship site, called Bajo del Choique-La Invernada, never really took off. Today, oil and gas production across all of its shale patches in the region is the equivalent of just 15,000 bpd.
News
July 24, 2023
(WO) — Following the completion of testing, Parex Resources Inc. has announced the abandonment of its wholly-owned Chirimoya exploration well at VIM-431 in Colombia.
News
July 10, 2023
Not only have oil and gas companies been drawn to Guyana’s vast hydrocarbon resources, but they’ve also taken note of the country’s attractive regulatory and fiscal regimes.
News
June 28, 2023
CGX Energy Inc. and Frontera Energy Corporation are excited to announced today that the Joint Venture has discovered oil at the Wei-1 well, on the Corentyne block, approximately 200 km offshore from Georgetown, Guyana.
News
June 21, 2023
The FPSO’s design incorporates SBM Offshore’s industry leading Fast4Ward new build, multi-purpose hull.
News
June 14, 2023
A bypass well (Wei-1BP1) was drilled from 18,757' to total depth and penetrated the primary Santonian targets of the Well in the western complex in the northern portion of the Corentyne block.
