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(Reuters) - Oil and gas producer Hess Corp's fourth-quarter profit surpassed Wall Street expectations on Wednesday, buoyed by higher production volumes in the United States and Guyana. Its total production rose over 18% to 495,000 barrels of oil equivalent per day (boepd) in the quarter, boosted by a 7% increase in volumes in the Bakken shale... Continue Reading →
(Reuters) Trinidad and Tobago on Tuesday offered 26 offshore oil and gas blocks in its largest-ever auction of areas for deepwater exploration and production, according to an official notice. The twin-island Caribbean country, Latin America's largest exporter of liquefied natural gas (LNG), is pushing producers, especially those offshore, to accelerate natural gas output in order... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that, in 2024, it achieved all the production targets set in its Strategic Plan 2024-2028+, within a range of ±4%. The total production of oil and natural gas reached 2.7 million barrels of oil equivalent per day (boed). The commercial production of oil and natural gas reached 2.4 million... Continue Reading →
Oceaneering, a global provider of engineered services and products for the offshore energy industry, has placed an initial order for a minimum of 100 units of Exail’s new Octans 9 Attitude Heading Referencing Systems (AHRS). This strategic acquisition underscores Oceaneering's commitment to innovation and operational excellence while significantly enhancing its capabilities in offshore survey and... Continue Reading →
BRAVA ENERGIA S.A. in compliance with the provisions of CVM Resolution No. 44, hereby informs its shareholders and the market in general of the following updates on the Papa-Terra field. (i) Final authorization for the Papa-Terra field measurement systems On January 26, 2025, the Company obtained the definitive authorization from the Oil and Natural Gas... Continue Reading →
– Petróleo Brasileiro S.A. - Petrobras informs that the National Agency of Petroleum, Natural Gas and Biofuels (ANP) decided on Thursday (01/23/2025) to unify the Berbigão and Sururu fields, located in concession BM-S-11A, in the pre-salt Santos Basin, operated by Petrobras with a 42.5% stake. The decision results from the analysis of the revised Development... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that, on behalf of the Tupi field consortium, the company has signed amendments to the Charter and Service Agreements for the FPSO Cidade de Angra dos Reis (located in the Tupi field) with Tupi Pilot MV 22 B.V. and Modec Serviços de Petróleo do Brasil Ltda., extending the charter... Continue Reading →
(PN) Azevedo & Travassos announced the signing of a service provision contract with Petrobras through its wholly-owned subsidiary Heftos Óleo e Gás Construções S.A. . The scope of the agreement includes the provision of integrated industrial maintenance activities on oil platforms located in the Campos Basin. The contract, signed under a unit price contract regime,... Continue Reading →
(Reuters) - Guyana's economy achieved its fifth consecutive year of double-digit growth in 2024, expanding 43.6% as oil output and exports showed solid increases, the Finance minister said on Friday, but the expansion is expected to slow this year. Latin America's newest oil producer last year became the region's fifth-largest crude exporter after Brazil, Mexico,... Continue Reading →
(OE) Industrial technology company Tracerco has secured a contract from Technip to deliver its measurement and control solutions profiler for the multi-phase subsea separation work on Petrobras’ Mero 3 High Pressure Separator (HISEP) pilot project in the Brazilian pre-salt oil region. Tracerco will supply its Tracerco Profiler instrument, which has been redesigned to deliver critical... Continue Reading →
Brazil Energy Insight 