News
April 17, 2024
According to Petrobras, that number is likely to grow even more. With new production systems to be installed in the coming years, the field's capacity will be increased to around 2 MMbpd by 2030.
News
April 17, 2024
The U.S. plans to allow a Treasury Department license permitting oil and gas production to expire without renewal on Thursday, according to people familiar with the plan, who asked not to be identified without permission to speak publicly, if Venezuela fails to act.
News
April 16, 2024
TechnipFMC will provide project management, engineering, and manufacturing to deliver 48 subsea trees and associated tooling, as well as 12 manifolds and associated controls and tie-in equipment.
News
April 10, 2024
As the world turns its collective focus towards energy security and environmental responsibility, international partnerships become essential for progress.
News
April 15, 2024
Saipem’s scope of work entails the detailed Engineering, Procurement, Construction, and Installation (EPCI) of a subsea production facility. The contract value is between $750 million and $1.5 billion.
News
April 14, 2024
The Whiptail project will cost $12.7 billion and produce about 250,000 bpd as soon as the end of 2027, Exxon said in a statement Friday. Guyana’s overall daily crude capacity will climb to 1.3 MMbbl just eight years after the advent of the country’s oil production.
News
April 11, 2024
KCA Deutag has announced the award of $204 million of onshore drilling contracts in Oman, Saudi Arabia, Peru and Bolivia.
News
April 11, 2024
GeoPark Limited has submitted a binding offer to acquire a non-operated Working Interest (WI) in unconventional blocks Argentina’s Neuquen basin in the prolific Vaca Muerta shale region.
News
April 11, 2024
Petrobras expects to require 280 new wells through 2028, and refurbish or plug another 700 wells, it said in an emailed response to questions. The company said the market for day rates is dynamic and that it will review pricing when hiring new rigs.
News
April 10, 2024
Colombian President Gustavo Petro said the oil and gas would be developed in Venezuelan fields near the Colombian province of Norte de Santander, while electricity would be provided from La Guajira province on Colombia’s Caribbean coast.
News
April 10, 2024
Petrobras has discovered an accumulation of oil in ultra-deep waters of the Potiguar Basin, in the Anhangá exploration well on concession POT-M-762_R15.
News
April 10, 2024
Petrobras head Jean Paul Prates is set to remain in charge of Brazil’s state-controlled oil giant for now, as an internal government battle over the company’s chief executive role cools down, according to people with knowledge of the matter.
News
April 07, 2024
On Feb. 27th, 2024, the SPT-129 workover rig mobilized from the SJ-01 well to the SJ-06 well with a workover program designed to open an additional 12.4 m across 3 zones in the Tutoia formation.
News
April 04, 2024
Prates’ potential departure after more than a year in the role underscores how Petrobras struggles to meet conflicting expectations from the government and minority shareholders.
News
April 03, 2024
The FPSO will have a topside designed to produce approximately 250,000 bpd and will have associated gas treatment capacity of 540 MMcfd, water injection capacity of 350,000 bpd and produced water capacity of 300,000 bpd.
News
April 02, 2024
The board of oil junior Enauta Participacoes SA has approved a proposal to merge with 3R, which has oil fields on land and off the coast of Brazil, the company said in a statement Tuesday. 3R already is considering a potential combination with PetroReconcavo SA, another Brazilian oil producer that has oil fields on land.
News
April 01, 2024
MODEC will be responsible for the design of the hull and all related topsides facilities for the FPSO, which is projected to be moored by a SOFEC Spread Mooring system. The produced stabilized crude will be stored in the FPSO tanks, and the oil will be offloaded to shuttle tankers to go to market.
News
March 29, 2024
The unified arbitration was approved after a March 26 application, according to a Hess letter to stockholders included in a Chevron regulatory filing on Thursday. Exxon and Beijing-based Cnooc, which own 45% and 25% of Stabroek, respectively, argue they have a right of first refusal over Hess’s stake in the block.
News
March 28, 2024
The well started at a production rate of 4 MMcfd for 6 hours at a choke 21/128”. The rate was subsequently increased to 6 MMcfd and 8 MMcfpd for 6 hours and 24 hours, respectively. The well was tested at a rate of up to 10 MMcfpd at choke of 30/128” and is now producing into the Jobo gas treatment plant.
News
March 26, 2024
Atlanta is a large, deepwater oil field with gross in-place volumes exceeding 1 Bboe. The field is currently producing over 21,000 gross bopd and production is expected to increase to over 40,000 boepd by early 2025.
News
March 22, 2024
Exxon Mobil Corp. is convinced its interpretation of intent in a Guyanese oil contract signed a decade ago will prevail in a landmark arbitration case against Chevron Corp.
