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(oilnow.gy) Suriname is set for a wave of oil and gas exploration, with industry giants Shell, TotalEnergies, and Chevron leading efforts to tap into the country’s promising offshore reserves. Operators plan to drill around 10 wells between 2025 and 2027 in Suriname’s portion of the Guyana-Suriname Basin. A new report from Norway-based Rystad Energy said... Continue Reading →
(offshore-energy.biz) Colombia’s state-owned oil and gas company Ecopetrol has handed out a contract to compatriot Puertos, Inversiones y Obras (PIO) to provide regasification services in the country’s Pacific Coast area. The new infrastructure will entail receipt and storage facilities in Buenaventura and a regasification facility with a 60 million cubic feet per day (mcfd) capacity... Continue Reading →
(PN) The giant Mero field, in the pre-salt layer of the Santos Basin, reached a new historic milestone. Petrobras announced that the field reached the mark of 500,000 barrels of oil produced per day. Discovered in 2010, Mero is located in ultra-deep waters (depth of 2,100 meters), 180 km off the coast of the state... Continue Reading →
(offshore-energy.biz) Tampnet, a Norway-headquartered provider of offshore high-capacity and low-latency connectivity services, has secured a fiber optic project and long-term service contract with Woodside Energy that will enable remote operations at an oil project in the Gulf of Mexico/America. The fiber-based connectivity to shore for the Trion project will enable remote operations, safety and training capabilities, which... Continue Reading →
(OE) Houston-based subsea equipment and services provider for oil and gas sector Koil Energy has established a new technology center for manufacturing and service support in Macaé, marking its expansion into Brazil. Macaé is generally considered to be the center of the offshore petroleum industry in Brazil, and it is often referred to as ‘Cidade... Continue Reading →
(OE) Energy industry services firm EnerMech has been selected to carry out pre-commissioning work on the ONE Guyana FPSO for Guyana Deepwater Operations, SBM Offshore’s subsidiary in Guyana. The FPSO is currently on its way to Guyana, having departed Singapore in February, and is set to arrive to its destination later in 2025. It will... Continue Reading →
(oilprice.com) Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030, cementing Brazil’s status as an offshore oil heavyweight. Petrobras... Continue Reading →
PRIO S.A. (“PRIO” or “Company”) (B3: PRIO3), in compliance with CVM Resolution 44/2021, hereby informs its shareholders and the market in general that, at a meeting of the Company’s Board of Directors held on February 25, 2025, an increase in the Company’s share capital in the amount of R$ 2,800,000,000.00, was approved, rising from R$... Continue Reading →
February 28, 2025 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general that, today, the Brazilian Institute of the Environment and Natural Renewable Resources (“Ibama”) has granted the drilling license for Wahoo Field. Thus, the Company will immediately begin mobilizing the Hunter Queen rig... Continue Reading →
(Reuters) - Mexican state oil company Pemex posted a 190.5 billion-peso ($9.1 billion) fourth-quarter net loss on Thursday, following a year-ago profit, citing higher sales costs, lower fixed asset values and currency exchange losses. The ailing giant's production continued to decline during the three-month period, and financial debt remained close to the $100 billion level... Continue Reading →
Brazil Energy Insight 