SBM Offshore’s Suriname-bound FPSO for TotalEnergies $12.2B oil project starts taking shape

(offshore-energy.biz) France’s energy giant TotalEnergies is making strides in the development of the first-ever offshore oil field in Suriname. Progress has also been achieved in the construction of a floating production, storage, and offloading (FPSO) vessel destined for this project. Following a final investment decision (FID) for the 12.2-billion GranMorgu offshore oil field in Block 58, located around 150 kilometers off... Continue Reading →

May 12, 2025 0

Pemex Considers Reactivating Old Wells to Boost Oil Output

(Reuters) Mexican state energy company Pemex plans to reopen old wells in a bid to squeeze more barrels out of them to boost declining oil production, according to two documents and four sources, as it struggles to reach an ambitious government target. Pemex said in a filing to the United States Securities and Exchange Commission... Continue Reading →

May 9, 2025 0

Colombia’s Ecopetrol plans cost cuts as lower oil prices bite

(Reuters) - Colombia's state oil firm Ecopetrol is planning to cut some 1 trillion pesos ($232 million) in costs and expenses and signaled more flexibility in its investment plan for this year, Chief Executive Ricardo Roa said on Wednesday. Roa spoke in call with analysts as the oil firm faces falling oil prices that ate into... Continue Reading →

May 7, 2025 0

TotalEnergies days away from drilling ops with Stena drillship offshore Suriname

(offshore-energy.biz) France’s energy giant TotalEnergies is getting ready to embark on drilling activities off the coast of Suriname with a drillship owned by Stena Drilling, an offshore drilling contractor. TotalEnergies has set its cap on drilling the Macaw-1 exploration well in Block 64 by mid-May 2025, according to Suriname’s national oil company (NOC), Staatsolie Maatschappij Suriname (Staatsolie). This... Continue Reading →

May 7, 2025 0

Mexico’s Pemex swings to $2 billion loss as production, sales slump

(Reuters) - Pemex, Mexico's heavily indebted state energy company, reported an 11.3% drop in first-quarter production of crude and condensate on Wednesday as falling sales and foreign-exchange losses contributed to a 43.3 billion peso ($2.12 billion) net loss. In a filing with Mexico's stock exchange, Pemex, one of Mexico's largest companies, attributed the production slump... Continue Reading →

May 1, 2025 0

Shell to Exit Three Gas Projects Offshore Colombia

(Reuters) Oil giant Shell will pull out of three offshore gas projects in Colombia's Caribbean, it owns together with Colombia's state-run oil company Ecopetrol, the groups said on Thursday. Shell had acquired a 50% operating stake in Col 5, Purple Angel and Fuerte Sur deepwater blocs in 2020. "They no longer fit our strategic ambitions.... Continue Reading →

April 25, 2025 0

Italy’s Eni signs MoU with Argentina’s YPF on LNG project

(Reuters) - Italian energy group Eni said on Monday it signed a memorandum of understanding (MoU) with Argentine state-run oil producer YPF on its possible participation in an liquefied natural gas (LNG) project in Argentina. The Argentina LNG project aims to develop the onshore "Vaca Muerta" gas field and supply international markets by exporting up to... Continue Reading →

April 14, 2025 0

Argentina’s YPF could see earnings slide on lower crude prices

(Reuters) - Argentine state-run oil producer YPF could see its core earnings this year slide on lower crude prices, a presentation to investors showed on Friday. The firm currently estimates its earnings before interest, taxes, depreciation and amortization (EBITDA) in 2025 will range between $5.2 billion and $5.5 billion, assuming Brent crude prices at $72.5 a barrel.... Continue Reading →

April 11, 2025 0

Lower oil prices could sink Ecopetrol’s full-year profits by $2.8 billion, president warns

(Reuters) - Lower oil prices could reduce Colombian state-run oil firm Ecopetrol's profits by up to 12 trillion pesos ($2.76 billion) this year, the company's president warned on Friday. Ecopetrol may also have to scrap production at some fields and focus on those with lower costs, president Ricardo Roa told journalists on the sidelines of an... Continue Reading →

April 11, 2025 0

YPF CEO Says Vaca Muerta Profitable Even at $40 Oil

(oilprice.com) Despite the recent slump in international oil prices, YPF CEO Horacio Marín remains confident in the resilience of Argentina’s energy sector—particularly the viability of Vaca Muerta. Speaking to Infobae en Vivo, Marín stressed that YPF can sustain profitable operations even if crude prices drop to $40 or $45 per barrel. “We made ourselves resilient at... Continue Reading →

April 11, 2025 0

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Category: NOC

SBM Offshore’s Suriname-bound FPSO for TotalEnergies $12.2B oil project starts taking shape

Pemex Considers Reactivating Old Wells to Boost Oil Output

Colombia’s Ecopetrol plans cost cuts as lower oil prices bite

TotalEnergies days away from drilling ops with Stena drillship offshore Suriname

Mexico’s Pemex swings to $2 billion loss as production, sales slump

Shell to Exit Three Gas Projects Offshore Colombia

Italy’s Eni signs MoU with Argentina’s YPF on LNG project

Argentina’s YPF could see earnings slide on lower crude prices

Lower oil prices could sink Ecopetrol’s full-year profits by $2.8 billion, president warns

YPF CEO Says Vaca Muerta Profitable Even at $40 Oil

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