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July 14 (Reuters) - Shell has begun tendering for drilling services for its Dragon offshore gas project in eastern Venezuela, part of a plan to drill four wells there beginning in the second quarter of 2027, according to two people familiar with the process. The contract is expected to be awarded by the end of September, the... Continue Reading →
July 14 (offshore-energy.biz) Norway-headquartered asset integrity management company Axess Group has picked up new assignments with Golar LNG, the Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, for two floating LNG (FLNG) units destined to be deployed at Argentina’s LNG project on the South American country’s Atlantic coast. Axess Group has been... Continue Reading →
July 13 (oilnow.gy) A new basin modelling study has identified an area near Suriname’s Block 52 as the strongest oil-generating sweet spot along the Guyana-Suriname margin. GeoExpro published the study results on July 9, 2026. The research was conducted by Kenneth Shipper and Paul Mann of the University of Houston’s CBTH Project, along with Andrew Pepper of... Continue Reading →
July 9 (Reuters) - Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras on its possible return to exploration and production in the country, while the company is also willing to help restructure state energy firm YPFB, Energy Minister Marcelo Blanco said on Thursday. The government of President Rodrigo Paz is looking... Continue Reading →
July 8 - PetroReconcavo announced production of 24,000 barrels of oil equivalent per day (boe/d) in June. This volume represents a 0.8% increase compared to May, but a 10.4% decrease compared to the same month in 2025. At the Potiguar Asset, production totaled 12,300 boe/d, a 0.3% decline from the previous month. Of this total,... Continue Reading →
July 8 (PN) Equinor has completed the installation of the PLEM (Pipeline End Manifold) for the Raia project at a depth of approximately 2,700 meters in the Campos Basin. This subsea equipment connects the FPSO risers to the pipeline that will transport natural gas to shore. The Raia pipeline will span approximately 200 kilometers, linking... Continue Reading →
July 2 (cenarioenergia) - The Administrative Council for Economic Defense (Cade) has approved, without restrictions, Petrobras' entry into the Itaimbezinho exploration block, located offshore in the Campos Basin and contracted under the production-sharing regime. The transaction involves acquiring a 50% stake currently held by Equinor—a move that reinforces the Petrobras' strategy to expand its exploration... Continue Reading →
Amsterdam, June 29, 2026 SBM Offshore announces it has signed the project financing of FSO Chalchi for a total amount of US$465 million.The project financing is provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation. The project financing will be drawn during... Continue Reading →
June 24 (Reuters) Malaysia's state-controlled energy producer Petronas has made another gas discovery at offshore Block 52 in Suriname, the South American country's President Jennifer Simons said on Tuesday, while a company executive said the block's eight discoveries contain more than 1 billion barrels of oil equivalent. Suriname is seeking to follow neighbouring Guyana's transformation... Continue Reading →
June 22 (Reuters) - Azule Energy, a joint venture between BP and Eni, and its partners have approved the $5.1 billion Greater PAJ offshore oil project in Angola, company and government officials said at a signing ceremony on Monday. Partners in the project, Angola's first integrated cross-block development, include Norway's Equinor, Angola's oil and gas agency... Continue Reading →
