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.
News
June 12, 2023
Argentina and Chevron reached a deal where the oil company will invest up to $500 million in the El Trapial field in the Vaca Muerta deposit, Economy Minister Sergio Massa said.
News
June 07, 2023
The innovative 2D-cubed technology utilizes a structurally conformable interpolation engine that transforms 2D data into a comprehensive 3D volume, which can be interpreted on a regional scale.
News
June 06, 2023
The company plans to acquire a roughly 7,500 square-kilometer 3D seismic survey and upon completion, TGS will have built a 3D library of 25,000 square-kilometers in the Malvinas basin.
News
June 06, 2023
Strohm was awarded a contract with independent E&P operator PRIO (formerly known as PetroRio) to provide its composite pipe solutions to support operations at its Frade field.
News
June 01, 2023
The project has already drilled 5 producing wells and 5 injectors. These wells will produce up to 150,000 bbl of crude oil, 6 MMcm of natural gas and inject 220,000 bbl of water per day.
News
May 29, 2023
The Brazilian company has had an oil rig in place since early December, awaiting approval to drill in block FZA-M-59, costing around $1 million a day.
News
May 26, 2023
Colombia needs to consider the importance that oil and gas still have for the balance of payments and the fiscal accounts, Trade Minister German Umaña said.
News
May 24, 2023
The Lulo 1 exploration well, located on the 100% operated VIM21 Exploration and Production (“E&P”) contract, encountered 207 feet of net gas pay within the Cienaga de Oro (“CDO”) sandstone reservoir.
News
May 24, 2023
The contract includes Trendsetter’s TCS subsea connectors, hubs, and an assortment of pressure caps and tooling. The contract also includes subsea valves, sourced from Advanced Technology Valve (ATV) in Colico, Italy.
News
May 19, 2023
The contract includes delivery of three dynamic and seven static umbilicals totaling over 52 kilometers in length.
News
May 17, 2023
The well is in progress and the oil-bearing interval was verified through wireline logging and fluid samples, which will be further characterized through laboratory analyses.
News
May 17, 2023
Secretary-General Haitham Al-Ghais wrote that readmission of the Latin American nation is a “top priority” for OPEC and offered to visit to “explain the multiple advantages” of membership.
News
May 15, 2023
The two European companies want to resume their jointly run Cardon IV project “at its maximum capacity,” which is 1.3 Bcf, Tellechea said. It currently pumps 580 MMcf of natural gas to meet Venezuela’s household and industrial demand.
News
May 11, 2023
Chief Executive Officer Ricardo Roa told investors that he hoped more oil contracts and bidding rounds for exploration blocks would be forthcoming.
News
May 11, 2023
Equinor has, on behalf of the BM-C-33 license offshore Brazil with partners Repsol, Sinopec Brasil and Petrobras, awarded a contract for subsea umbilicals, risers and flowlines (SURF) to TechnipFMC, and a sales and purchase agreement (SPA) for the delivery of a floating production, storage and offloading (FPSO) unit to MODEC Inc.
News
May 09, 2023
QatarEnergy will own a 20% working interest in both blocks, where licensing of the new 3D seismic and associated exploration activities are planned. The remaining working interest is shared equally between TotalEnergies (Operator) and Staatsolie’s affiliate, Paradise Oil Company.
News
May 08, 2023
The concept selected for BM-C-33 is based on an FPSO, capable of processing natural gas and oil/condensate and specifying these for sale without a need for further onshore processing.
News
May 04, 2023
The final phase of the awarded scope of work includes the design, fabrication and installation of subsea structures, risers, flowlines, and umbilicals for a large subsea production facility. Saipem will perform the operations using its flagship vessels FDS2 and Saipem Constellation.
News
May 03, 2023
TechnipFMC will provide project management, engineering, and manufacturing to deliver the overall subsea production system. The award covers 44 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
News
April 29, 2023
Since U.S. President Joe Biden eased sanctions on Venezuela last year, Chevron has started lifting so much crude from the country that it’s had to put 600,000 bbl of it in storage in the Bahamas this month.
