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(Reuters) Guyana's Natural Resources ministry has ordered the country's tax agency to begin a dispute resolution with Exxon Mobil over the recovery of some $214 million in expenses registered by the U.S. oil major. Expenses reported by Exxon as part of its operations at the massive Stabroek offshore block are closely monitored because a consortium... Continue Reading →
(Reuters) - Ecuador's government awarded an onshore oil contract to a consortium led by China's state-owned producer Sinopec on Monday, in a push to grow crude output from the country's Sacha block. The block is Ecuador's most productive, located in the country's northeastern Amazonian province of Orellana. It pumped 77,000 barrels per day (bpd) last year.... Continue Reading →
(Reuters) - Colombia's majority state-owned oil producer Ecopetrol is planning to raise up to $2 billion in additional debt this year to fund investments, and would consider seeking funds from banks and capital markets, a top official said on Wednesday. The debt would be used to fund inorganic investments, such as the acquisition of new assets... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3:BRAV3), pursuant to CVM Resolution No. 44, following the material facts disclosed on December 27, 2024 and on January 10 and 24, 2025, informs its investors and the market in general that the Company's Board of Directors has defined that the scope of the possible divestment transaction of the... Continue Reading →
(offshore-energy.biz) Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) has shared an update on the reprocessing work being carried out for an exploration block off the coast of Uruguay. According to Challenger, the technical work program for the AREA OFF-3 block is progressing well, with the full-depth reprocessing of 1,250 square kilometers... Continue Reading →
Offshore drilling contractor Noble Corporation has secured a contract for its Noble Regina Allen jack-up rig with an undisclosed operator offshore Suriname. The one-well contract will span approximately 65 days, and is expected to begin in the fourth quarter of 2025. The contract has a total value estimated at $17.7 million, including mobilization and demobilization... Continue Reading →
(OE) Alexandre de Gusmão floating, production storage and offloading (FPSO) unit has entered Brazilian waters, and is heading to Petrobras’ Mero field in Santos Basin for commissioning works before being put into production later in 2025. Alexandre de Gusmão FPSO departed China, heading for Brazil back in December 2024. The news of the FPSO’s arrival to Brazilian... Continue Reading →
(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 →
Brazil Energy Insight 