New studies enhance outlook for Orange Basin exploration block

(offshore-energy.biz) Australia-based petroleum exploration company Pancontinental Energy has revealed the results of two studies exploring hydrocarbon properties of a petroleum exploration license (PEL) it operates in the Orange Basin, offshore Namibia. The Australian player said the new evidence provides increased confidence for the presence of a high net-to-gross reservoir system and the presence of hydrocarbons... Continue Reading →

July 2, 2025 0

Oil States signs contracts to supply rigid jumpers for Subsea7 projects in Mero 4 and Buzios 8

(PN) Two new contracts were signed with Subsea7 for the supply of Rigid Jumpers for the projects in the Mero 4 and Búzios 8 fields, located in the heart of the Santos Basin pre-salt layer, at a depth of 2,200 meters. The contracts provide for the delivery of 28 Rigid Jumpers, 13 for the Mero... Continue Reading →

July 2, 2025 0

ANP – Brazil sets record oil and gas production in May

ANP released the Monthly Bulletin of Oil and Natural Gas Production for May 2025, which contains consolidated data on national production. The month of May registered a record in national oil and gas production, considering pre-salt, post-salt and onshore. With regard to oil, 3.679 million barrels per day (bbl/d) were extracted, an increase of 1.3%... Continue Reading →

July 2, 2025 0

US judge orders Argentina, facing $16.1 billion judgment, to give up YPF stake

(Reuters) - A U.S. judge on Monday ordered Argentina to give up its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion court judgment, handing a defeat to the cash-strapped country. U.S. District Judge Loretta Preska in Manhattan said Argentina must transfer its YPF shares within 14 days to BNY Mellon,... Continue Reading →

July 1, 2025 0

Guyana calls companies to pre-qualify for NGL facility

(Reuters) - Guyana is looking for a company willing to build a natural gas liquids (NGL) facility as part of efforts to monetize its offshore gas reserves, according to a notice published by the South American government on Sunday. The storage and offloading facility would receive about 4,200 barrels per day (bpd) of liquids from... Continue Reading →

July 1, 2025 0

Argentina asks UK court to pause enforcement in $16 bln oil company seizure case

(Reuters) - Argentina on Monday urged London's High Court to pause enforcement of a $16 billion-plus United States court judgment over the expropriation of oil and gas company YPF, pending an appeal by the Argentinian government in the U.S. The South American republic was ordered in 2023 to pay minority shareholders around $16 billion resulting from its... Continue Reading →

June 30, 2025 0

Brazil’s Foz do Amazonas now seen as ‘akin to Guyana’s Stabroek Field’ – Horizon Engage

(oilnow.gy) Brazil’s Foz do Amazonas Basin is being viewed by top industry players as that country’s top offshore frontier opportunity, with Horizon Engage reporting that aggressive bidding there signals strong private-sector belief in the Equatorial Margin as “akin to Guyana’s Stabroek field”. According to Horizon Engage Senior Advisor for Brazil and Energy Transition, Mark Langevin, consortia including Petrobras, ExxonMobil,... Continue Reading →

June 30, 2025 0

Japanese duo starts building Shell’s Brazil-bound FPSO

(offshore-energy.biz) The steel-cutting ceremony for a floating production storage and offloading (FPSO) unit destined for a field offshore Brazil operated by the Brazilian subsidiary of the U.K.-headquartered energy giant Shell has been held at the Sumitomo Heavy Industries’ Yokosuka shipyard in Japan. Based on a social media post by Cristiano Pinto da Costa, President of Shell Brasil,... Continue Reading →

June 30, 2025 0

Equinor’s deepwater gas RAIA project moves forward with preliminary production license and approval for construction of gas pipeline

(PN) The Brazilian Institute of the Environment (Ibama) granted the preliminary license for oil and gas production activities at the Raia Project, operated by Equinor in the pre-salt layer of the Campos Basin. Also, the National Petroleum Agency (ANP) approved the construction of the 200 km gas pipeline that will connect the Raia FPSO to... Continue Reading →

June 27, 2025 0

TotalEnergies Joins APA and Petronas in Suriname’s Offshore Block

TotalEnergies has signed an agreement to acquire the 25% interest held by Moeve, formerly known as CEPSA, in Block 53, offshore Suriname, joining APA and Petronas as partner in the license. Block 53 lies directly east of Block 58, where TotalEnergies and its partners made the final investment decision (FID) for the GranMorgu development in October 2024.... Continue Reading →

June 27, 2025 0

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Category: Operators

New studies enhance outlook for Orange Basin exploration block

Oil States signs contracts to supply rigid jumpers for Subsea7 projects in Mero 4 and Buzios 8

ANP – Brazil sets record oil and gas production in May

US judge orders Argentina, facing $16.1 billion judgment, to give up YPF stake

Guyana calls companies to pre-qualify for NGL facility

Argentina asks UK court to pause enforcement in $16 bln oil company seizure case

Brazil’s Foz do Amazonas now seen as ‘akin to Guyana’s Stabroek Field’ – Horizon Engage

Japanese duo starts building Shell’s Brazil-bound FPSO

Equinor’s deepwater gas RAIA project moves forward with preliminary production license and approval for construction of gas pipeline

TotalEnergies Joins APA and Petronas in Suriname’s Offshore Block

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