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May 19, (oilnow.gy) Staatsolie secured more than US$2 billion in financing in 2025 to fund its 20% participation in Suriname’s GranMorgu offshore oil development, according to Managing Director Annand Jagesar. In a message published in the company’s 2025 Annual Report released on May 15, Jagesar said Staatsolie raised US$516 million through the Staatsolie Bond 2025-2033 and secured... Continue Reading →
May 18 (OE) JHI Associates had obtained a final court order from the Ontario Superior Court of Justice approving Eco (Atlantic) Oil & Gas' proposed acquisition of the company. The company said the court approval follows unanimous shareholder backing for the transaction at a May 12 meeting, where 100% of votes cast supported the arrangement.... Continue Reading →
May 15 - Petrobras has decided to develop the Aram discovery in the pre-salt layer of the Santos Basin, said Petrobras president Magda Chambriard this Friday (15). The company expects to have at least two producing wells by 2030, said the executive, in a press conference to discuss the company's investments in the state of... Continue Reading →
May 13 - Petrobras' president, Magda Chambriard, stated that the state-owned company will send delegations from the refining and oil exploration and production areas to Mexico to assess potential business opportunities in partnership with the state-owned Pemex. The new visit of Petrobras representatives to Mexico occurs a few weeks after Chambriard visited the country last... Continue Reading →
May 13 - ANP released a new version of the Permanent Concession Offer (PCO) notice. The document was revised to include 45 new exploratory blocks which, added to the areas already foreseen in the previous version, raise the total number of exploratory blocks to 495 and the number of areas with marginal accumulations available for... Continue Reading →
Seadrill has secured more than $860 million in new contract backlog since February fleet status report, driven by offshore drilling awards and extensions in Brazil, the U.S. Gulf and Angola, lifting its total contract backlog to about $3.1 billion. The offshore drilling contractor said recent awards included a three-year extension for the West Polaris drillship... Continue Reading →
May 1 - Petrobras has requested authorization from IBAMA (Brazilian Institute of Environment and Renewable Natural Resources) to use the Amaralina Star (NS-43) drillship, owned by Constellation, in exploratory activities in block FZA-M-59, in the Foz do Amazonas Basin. This measure aims to increase operational flexibility in the Equatorial Margin, allowing for optimized resource allocation... Continue Reading →
April 30 (Reuters) - Mexican President Claudia Sheinbaum said on Thursday she expects state oil firm Pemex (PEMX.UL) and its Brazilian counterpart Petrobras to reach an agreement, after Brazil's president pitched a partnership earlier this year. Sheinbaum told her regular morning press conference she would travel to Brazil to sign a deal with President Luiz Inacio... Continue Reading →
April 30 (oilnow.gy) Staatsolie will host an in-person roadshow in Houston on May 26, 2026, to present Suriname’s Open-Door Offering to oil and gas companies. The event will run from 9 a.m. to noon CDT at The Post Oak Hotel at Uptown, 1600 W Loop S, Houston, Texas. Staatsolie said in an April 28 LinkedIn... Continue Reading →
April 30 (oilnow.gy) ExxonMobil Guyana has awarded the Noble Developer a one-well contract at a day rate of US$375,000 to drill a prospect in the Stabroek Block offshore Guyana. The contract is scheduled to commence in early 2027. ExxonMobil Guyana said it contracted the rig “to drill a prospect in the shallow water portion of... Continue Reading →
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