News
January 01, 2025
Petrobras has released a news statement regarding a Brazilian government enacted law which addresses the possibility of transfer of local content surpluses among contracts in exploration and production of oil and natural gas.
News
December 31, 2024
(Bloomberg) – Guyana’s President Irfaan Ali on Tuesday firmly ruled out formally asking Exxon Mobil Corp. to renegotiate its production contract, resisting calls from his political opposition and activists in the country.
News
December 30, 2024
Ecopetrol S.A. announces that they have successfully concluded negotiations with Repsol to acquire the remaining 45% of its stake in block CPO-09. Ecopetrol is now the sole owner of this strategic asset in the Piedemonte Llanero.
Article
December 2024
Traditional producing countries in Latin America continue to stagnate, despite their great potential. However, to balance this scenario, non-traditional countries, such as Argentina, Guyana and Suriname, will attract new and important investments in the short and medium term to increase oil and gas production.
News
December 27, 2024
Golar LNG has acquired Seatrium’s and Black & Veatch’s minority ownership interests in the FLNG Hilli. The total consideration for the acquisitions is $90.2 million, of which $59.9m is in equity and $30.3 million is a pro-rata share in the existing FLNG Hilli debt facility.
News
December 18, 2024
Seadrill has announced the ultra-deepwater drillship, West Tellus, was awarded a 1,095-day contract for the Sépia and Atapu fields in the Santos Basin, offshore Brazil, following a competitive tender process.
News
December 17, 2024
Petro-Victory Energy Corp. has announced the signature of an exclusivity agreement with Brava Energia S.A. for the potential acquisition of 13 oil-producing fields in Rio Grande do Norte, Potiguar Basin.
News
December 16, 2024
ExxonMobil has named Tenaris its 2024 Supplier of the Year, recognizing the company’s performance, competitiveness and high standards as consistent with ExxonMobil’s values and expectations.
News
December 13, 2024
(Bloomberg) – Colombia wants to shorten the production timeline at its biggest deepwater discovery, the nation’s energy chief said, as it braces for a shortfall of natural gas in coming years.
News
December 13, 2024
Expro has signed a technology agreement (ETEC) with Petrobras for the development of a new non-intrusive flowmeter. The technology is designed to increase efficiency and optimize production of wells.
News
December 12, 2024
SLB has announced a contract award by Petrobras, following a competitive tender, to its OneSubsea™ joint venture for two subsea raw seawater injection (RWI) systems to increase recovery from the prolific Búzios field.
News
December 11, 2024
SLB has secured an integrated services contract for all Petrobas' operated offshore fields in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs.
News
December 09, 2024
(Bloomberg) – A shale-drilling frenzy in Argentina has put the country on the verge of leapfrogging regional rival Colombia as a top-three crude producer in South America.
News
December 06, 2024
(Bloomberg) – Colombia’s biggest offshore natural gas discovery by Petrobras and Ecopetrol SA could triple the country’s reserves if the deposit is commercially viable, potentially easing the nation’s shortfall.
News
December 02, 2024
PetroTal Corp. has successfully acquired 100% working interest in Peru Block 131, following its acquisition of CEPSA Peruana. The Los Angeles oil field at Block 131 was discovered by CEPSA Peru in 2013.
News
December 02, 2024
African Export-Import Bank has signed an agreement for a US$ 100-million Revolving Trade Finance Facility in favor of oil trader JE Energy Limited to support its contract implementation in the Republic of Guyana.
News
December 01, 2024
(Bloomberg) – Suriname’s Foreign Affairs Minister Albert Ramdin said on Saturday his country’s emergence as a major oil producer could garner support for him to be voted in as the next Secretary General of the Organization of American States.
News
December 01, 2024
Ecopetrol S.A. Board of Directors have approved the 2025 investment budget of the Ecopetrol Group for an amount between 24 and 28 trillion pesos, with more than half the approved budget earmarked for crude and gas exploration and production
News
November 25, 2024
(Bloomberg) - Argentine state-run energy company YPF SA will join a venture being developed by rival shale driller Pan American Energy Group SL and liquefied natural gas shipper Golar LNG Ltd., Executive Chairman Horacio Marin said.
News
November 22, 2024
SBM Offshore has completed the project financing of FPSO Jaguar for a total of US$1.5 billion. The project financing was fully secured by a consortium of 16 international financial institutions, and SBM expects to draw the loan phased over the construction period of the FPSO.
News
November 21, 2024
From 2025-2029, Energy Maritime Associates (EMA) expects orders for 119 Floating Production Systems, with a Capital cost of $126 Billion, in its mid-case forecast. Over 70% of this investment would go towards the 54 FPSOs.
