Category: South America

M&O and Enaimco Form Strategic Partnership to Deliver Verified Operational Intelligence to the Brazilian Subsea Market.

Jan. 5 - M&O has entered a new strategic partnership with Enaimco, a Canadian technology provider offering an advanced SaaS platform designed to optimize subsea operations across the full asset lifecycle—from construction to abandonment. The Enaimco Platform bridges the gap between historical records and active operations to establish a Verified Point of Truth for streamlining... Continue Reading →

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What’s the status of international oil companies in Venezuela after Maduro’s capture?

Jan 5 (Reuters) - Here are key facts about international oil companies in Venezuela, a country with the world's largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country's oilfields. Today, foreign... Continue Reading →

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Suriname’s Oil Dreams Collide With Geological Reality

Jan. 3 (oilprice.com) Suriname’s government, in the capital Paramaribo, has been hungrily eyeing neighboring Guyana’s massive world-class oil boom since before the 2020 pandemic. Both impoverished South American nations of less than one million share the Guyana Suriname Basin. The offshore basin is delivering an oil boom that is exceeding all expectations, making Guyana, based... Continue Reading →

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Argentina’s Shale Boom Propels It Past Colombia in Oil Output

Jan. 2 (oilprice.com) Argentina, in a surprise development, overtook Colombia to become South America’s fourth-largest oil producer. The country is undergoing a once-in-a-generation unconventional hydrocarbon boom, which began with Buenos Aires nationalizing integrated energy major YPF in 2012. Since then, Argentina’s oil and natural gas output has kept soaring higher, regularly hitting new monthly highs as volumes... Continue Reading →

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Petrobras starts production at Búzios 6

Jan. 2, 2026 - Petrobras began oil production from the P-78 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, this Wednesday, December 31. Búzios 6 (P-78) has the capacity to produce 180,000 barrels of oil and 7.2 million m³ of gas per day. The... Continue Reading →

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