Automation, emissions reduction to define next generation of FPSOs — MODEC

March 16, (oilnow.gy) Automation, digital technologies, and emissions reduction are expected to shape the next generation of floating production, storage and offloading (FPSO) vessels, according to discussions at the Deepwater Development Conference in Lisbon, Portugal. The conference, hosted by World Oil and Gulf Energy Information, continued on March 11 with contractor panels, technical sessions, and... Continue Reading →

March 16, 2026 0

Exxon completes environmental study for Guyana’s first non-associated gas projec

March 16 (oilnow.gy) ExxonMobil has submitted the environmental impact assessment and environmental impact statement for the proposed Longtail development offshore Guyana, a key step toward the country’s first non-associated gas project. The documents were filed with the Environmental Protection Agency, according to a public notice. Exxon’s consultant Acorn International conducted the assessment. Members of the... Continue Reading →

March 16, 2026 0

Deepwater to remain a core growth engine as Brazil and Guyana underpin production growth

March 16 (oilnow.gy) Deepwater oil and gas development will remain a major driver of global supply, with Brazil and Guyana expected to underpin production growth, according to discussions at a recent Deepwater Development Conference in Lisbon, Portugal. The conference, organized by World Oil and Gulf Energy Information, opened on March 10 with an operator panel,... Continue Reading →

March 16, 2026 0

Argentina says US Justice Dept backs bid to halt discovery in YPF nationalization case

March 14 (Reuters) - The U.S. Justice Department has filed a memorandum supporting Argentina's bid to suspend a discovery process in a New York court case tied to the 2012 nationalization of ‌state oil company YPF, Argentina's Treasury Attorney's Office said on Saturday. The filing, submitted to the Southern District Court of New York, argues the current... Continue Reading →

March 16, 2026 0

Colombia says Venezuela’s PDVSA plans to end pipeline contract with Ecopetrol

March 14 (Reuters) - Colombia's Energy Minister Edwin Palma said Venezuela's state oil company PDVSA intends to end a contract with Colombia's Ecopetrol over the Antonio Ricaurte pipeline, saying there was insufficient investment to repair it. In a post ‌on X on Saturday, Palma said the government plans to meet with the U.S. government on... Continue Reading →

March 16, 2026 0

Iberdrola Registers Bid to Acquire Remaining Stake in Brazilian Subsidiary

March 12 (offshoreWIND.biz) Spanish energy company Iberdrola has registered a public takeover bid to acquire the remaining shares of its Brazilian subsidiary Neoenergia, aiming to reach full ownership of the company. Iberdrola, which now officially submitted documentation to the Brazilian Securities and Exchange Commission (CVM) and Novo Mercado (Brazilian Stock Exchange – B3), launched the... Continue Reading →

March 12, 2026 0

Colombia and Venezuela to repair binational gas pipeline after years of inactivity

March 11 (Reuters) - Colombia and Venezuela have agreed to repair a damaged section ‌of a binational pipeline that will allow Bogota to import natural gas from its neighbor, Colombia's energy ministry said on Wednesday. The Antonio Ricaurte gas ⁠pipeline has been inactive for years. A roadmap for re-establishing operations was outlined in a meeting... Continue Reading →

March 11, 2026 0

Petrobras Signs US$736 Million Contracts with Oceânica Engenharia

March 11 - Brazilian engineering firm Oceânica Engenharia announced that it has signed long-term contracts with Petrobras worth approximately US$736 million. According to a statement, these new contracts increase Oceânica's order backlog to approximately R$12 billion. The contracts have a duration of four years. Operations are scheduled to begin in the first half of 2027... Continue Reading →

March 11, 2026 0

PRIO Reports US$2.5 Billion in Revenue in 2025 with Operational Expansion at Peregrino

March 11- PRIO, the largest independent oil and gas company in the country, ended 2025 with total revenue of US$2.5 billion, driven by a 27% increase in production and sales compared to the previous year. The performance was marked by important achievements, such as the acquisition of the Peregrino field, the development of the Wahoo... Continue Reading →

March 11, 2026 0

Petrobras expanding local content expectations beyond formal mandates – Rystad Energy

March 11 (oilnow.gy) Petrobras is expanding local content expectations beyond formal contractual mandates in Brazil, according to a February 19 Rystad Energy analysis. In January 2025, Petrobras had noted that Brazil’s local content law aims to boost investments and optimize the country’s exploration and production activities. Petrobras hailed the law as an important milestone for Brazil’s oil... Continue Reading →

March 11, 2026 0

Category: South America

Automation, emissions reduction to define next generation of FPSOs — MODEC

Exxon completes environmental study for Guyana’s first non-associated gas projec

Deepwater to remain a core growth engine as Brazil and Guyana underpin production growth

Argentina says US Justice Dept backs bid to halt discovery in YPF nationalization case

Colombia says Venezuela’s PDVSA plans to end pipeline contract with Ecopetrol

Iberdrola Registers Bid to Acquire Remaining Stake in Brazilian Subsidiary

Colombia and Venezuela to repair binational gas pipeline after years of inactivity

Petrobras Signs US$736 Million Contracts with Oceânica Engenharia

PRIO Reports US$2.5 Billion in Revenue in 2025 with Operational Expansion at Peregrino

Petrobras expanding local content expectations beyond formal mandates – Rystad Energy

Archives

Contact Us