Brought to you by Quest Offshore & Southern Cone Consultants
Sept. 27 (oilprice.com) The Trump Administration is touting the new oil order in Venezuela as a tremendous opportunity for reviving the industry in the world’s biggest crude oil resource holder. The U.S.-led restructuring of the sector kicked out Russian and Chinese companies out of previously awarded concessions, and spurred a flurry of oil deals with... Continue Reading →
Sept. 23 (TN) Porto do Açu and operator Perenco Brasil signed a Letter of Intent (LOI) for the development of the first offshore platform electrification project in the Campos Basin. The agreement entails supplying power from shore to Perenco’s units at the Pargo and Cherne Hubs—located in shallow waters—via an 80-kilometer subsea cable connected to... Continue Reading →
Sept. 21 (oilnow.gy) Guyana’s first competitive offshore licensing round attracted global energy companies and tested stronger fiscal terms. However, the government will need to improve the speed, certainty, and data supporting the process before offering more blocks. The government has indicated an interest in another licensing round as it seeks to widen exploration beyond the... Continue Reading →
Sept 2 (Reuters) - Several international energy firms, including Eni, GE Vernova and Chevron committed on Wednesday to project expansions to boost oil output in Venezuela, in a signing ceremony in Caracas overseen by interim President Delcy Rodriguez and U.S. Energy Secretary Chris Wright. The deals are separate from a Caracas-Washington deal recently unveiled that gives the U.S. access to... Continue Reading →
Sept. 1 (splash247) Helix Energy Solutions Group has completed its combination with Hornbeck Offshore Services after shareholders cleared the all-stock deal, creating a larger US offshore services group under the Hornbeck name. Helix shareholders approved the proposals required to complete the transaction at a special meeting and the merger became effective on September 1. The... Continue Reading →
July 17 (OE) Grupo Carso has signed a binding agreement with TotalEnergies to acquire its entire 30% interest in offshore Block 30 in Mexico's Isthmus Saline Basin. The acquisition will be carried out through Mx Dlta Nrg 1, a subsidiary of Zamajal, in which Grupo Carso holds an 80% interest and Control Empresarial de Capitales... Continue Reading →
July 7 (Reuters) - Brazilian state-run oil firm Petrobras (PETR3.SA), opens new tab signed an agreement with regulator ANP committing to bring 335 temporarily abandoned offshore wells into compliance with safety and environmental rules, both parties said in separate statements on Tuesday. Under the signed agreement, Petrobras will pay 300 million reais ($58.3 million) to ANP, and... Continue Reading →
June 17 (Reuters) Venezuela's state oil company PDVSA and Spanish energy group Repsol REP.MC have signed a crude and gas agreement to boost output in northwestern Venezuela, officials from the two companies said on Tuesday. PDVSA President Hector Obregon said at an event at the government palace the deal offers "exploration opportunities" on the eastern... Continue Reading →
June 1 - SBM Offshore and Solstad Offshore have formed a joint venture, which has entered into a Letter of Intent with a selected shipyard to order a new-build next-generation multi-purpose deepwater installation and construction vessel. The new vessel is targeted for delivery in the first half of 2029. The new vessel will support the... Continue Reading →
My 28 (Reuters) Malaysia's oil and gas producer Petronas is exploring for oil at offshore Block 52 in Suriname, which was declared commercially viable for the development of natural gas late last year following large discoveries in the area, the managing director of state company Staatsolie said on Wednesday. "We hope also to somewhere in... Continue Reading →
