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Oct. 20 (TN) On October 18, the FPSO P-82 departed from the Tuas Boulevard Yard in Singapore, bound for the Búzios field in the pre-salt region of the Santos Basin—the field with the largest reserves and production volume in Brazil. The P-82 is one of six giant FPSOs commissioned by Petrobras; with a nominal production... Continue Reading →
Oct 19 (Reuters) - Oilfield service companies including Weatherford International, Baker Hughes, Halliburton and SLB are advertising dozens of jobs in Venezuela, according to company websites, an early sign that a Washington-backed plan to rebuild the country's energy industry is gaining traction. The hiring could help reverse a sanctions-era exodus of companies and professionals from... Continue Reading →
Oct 20 (Reuters) - Halliburton topped Wall Street expectations for third-quarter revenue and profit, as higher demand for its oilfield equipment in Latin America helped offset muted activity in North America and subdued revenue in the Middle East and Asia. Shares of the company, which kicked off the earnings season for US oilfield service providers,... Continue Reading →
Oct. 19 ( Guyanachronicle.com) GUYANA has secured another significant international economic milestone, with the Organisation for Economic Co-operation and Development (OECD) upgrading the country’s risk classification from Category Five to Category Four, a development expected to reduce the cost of certain types of international financing and strengthen access to funding for major development projects. The... Continue Reading →
Oct 17 (Reuters) - Venezuela expects nearly $76 billion in oil investment over the next five years under recently signed agreements, acting President Delcy Rodriguez said on Saturday, adding that a bilateral accord with the US includes plans to drill 250 rigs. Since the January ouster of President Nicolas Maduro, the country has been reopening... Continue Reading →
Oct. 15 (TN) Equinor is celebrating the first year of production at the Bacalhau field, reaching the milestone of 25 offloading operations and 25 million barrels of oil produced. This achievement coincides with the company’s 25th anniversary in Brazil and underscores the field’s strategic importance to Equinor’s long-term growth in the country. Operated by Equinor—in... Continue Reading →
October 13, 2026 – Petróleo Brasileiro S.A - Petrobras, further to the press release issued on May 4, 2026, informs that it has signed with Shell, TotalEnergies and Petrogal, partners in the BM‑S‑11A Consortium, the Cost and Volume Balancing Agreements (Acordos de Equalização de Gastos e Volumes – AEGVs) for Berbigão, Sururu and the Shared... Continue Reading →
Oct. 9 - Brazil could reach an oil production level of 4.9 million barrels per day by 2036, while investments in the expansion and modernization of energy infrastructure are expected to total approximately R$ 3.3 trillion between 2027 and 2036. These projections are part of the Summary Report for the Ten-Year Energy Expansion Plan 2036... Continue Reading →
Oct. 9 - TechnipFMC has secured a contract with Petrobras to supply flexible pipeline systems for offshore projects in Brazil. The agreement, won following a competitive bidding process, involves developing solutions for various pre-salt fields. Classified by TechnipFMC as "significant," the contract is valued between US$ 75 million and US$ 250 million. The company booked... Continue Reading →
Oct 9 (Reuters) - US private equity firm Carlyle Group said on Friday it was no longer actively pursuing a deal to acquire international assets of Russia's second-largest oil producer Lukoil, a spokesman for the firm said. The group did not comment further. The assets were put up for sale last year following sanctions imposed... Continue Reading →
