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(OE) Guyana could form a national oil and gas company to oversee its own exploration instead of conducting an offshore drilling auction this year, a government official told international oil executives on Tuesday. The tiny South American country has become one of the hottest oil exploration frontiers in decades, with massive discoveries of oil and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 10/04/21, informs the beginning of the non-binding phase regarding the sale of the entire 20% stake held by its subsidiary Petrobras America Inc. (PAI) in the company MP Gulf of Mexico, LLC. (MPGoM), located in Texas, USA, which owns offshore fields in the... Continue Reading →
Helix Energy Solutions has secured a long-term field decommissioning contract with Trident Energy for the Pampo and Enchova clusters in the Campos Basin, Brazil. Helix will provide a riser-based well intervention vessel, either Siem Helix 1 or Siem Helix 2, a 10k Intervention Riser System, project management and engineering services and, in conjunction with its Subsea Services Alliance partner Schlumberger, fully integrated... Continue Reading →
Highlights for the Year Message from the Management “We would like to thank all employees for their dedication this year, with important operational achievements such as the tieback between the Polvo and Tubarão Martelo fields, especially during the COVID-19 pandemic. They overcame various challenges and were responsible for the Company’s success. 2021 was a year... Continue Reading →
A setback in the courts for Dommo Energia (formerly OGX). The company announced that the court of the International Chamber of Commerce rejected its claim for damages against the Malaysian company Petronas. With the defeat, Dommo will likely be forced to bear the costs related to the arbitration process. This is a dispute that has... Continue Reading →
(Reuters) - Portuguese oil & gas company Galp Energia (GALP.LS) finds Brazil an attractive country to pursue its bet on solar and wind energy, its CEO Andy Brown said on Monday, adding the company is looking for investment opportunities there. Galp had agreed in October to acquire and develop two solar projects in Brazil with a combined... Continue Reading →
(OE) CGX Energy and Frontera said Monday they'd focus on their Corentyne block in Guyana in 2022 fully, and not engage in drilling activities on the Demerara block at all. The partners said their decision was based on the positive results from the Kawa-1 offshore well, and the significant exploration opportunities in the Corentyne block.... Continue Reading →
(WO) — A proposal to abruptly end oil and gas exploration in Colombia would lead to higher prices for local consumers and be challenged in court, according to the country’s state-run driller. Gustavo Petro, the leading candidate ahead of presidential elections in May, is looking to speed up Colombia’s transition to clean energy by ceasing... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) has bet billions of dollars on offshore drilling in Brazil, an area it once abandoned and now sees as key to its future. But five years into its comeback, the U.S. oil giant has yet to make a major oil discovery as an operator in Brazil's waters and has let opportunities... Continue Reading →
SBM Offshore is pleased to announce that FPSO Liza Unity has produced first oil as of February 11, 2022 and is formally on hire. The FPSO Liza Unity is the first unit with a design based on SBM Offshore’s industry leading Fast4Ward® program which incorporates the Company’s new build, multi-purpose floater hull combined with several... Continue Reading →
