News
July 16, 2025
Seatrium Limited has announced the impending delivery of the P-78, the first of a series of turnkey FPSOs to Brazil’s Petrobras. Upon delivery, the P-78 will be deployed in Brazil’s prolific Buzios field, the largest global deepwater oil field.
News
July 15, 2025
Sulzer's new facilities will support essential industries in the region, including oil and gas and power generation. The expansion underlines Sulzer's global strategy of establishing full-service, in-region capabilities to meet the needs of its industrial customers.
News
July 15, 2025
Strohm has successfully completed the first field trials with Petrobras for its thermoplastic composite pipe (TCP) pipe design offshore Brazil, at water depths of approximately 1,500 m.
News
July 11, 2025
Perenco has completed its acquisition of the Greater Angostura producing oil and gas assets and associated production facilities from Woodside Energy in Trinidad & Tobago. The finalization of the deal, combined with Perenco’s existing operatios, aligns Perenco as a major oil and gas producer in country.
News
July 09, 2025
Hess will relinquish Block 59 in offshore Suriname effective July 8, 2025. The block will return to Staatsolie and become part of the open acreage. Hess fulfilled its minimum work obligations and has decided not to move forward to the next phase of the exploration period, Staatsolie said in a statement.
News
July 09, 2025
Petro-Victory carried out successful drilling for its AND-5 well, in partnership with Azevedo & Travassos Energia (ATE), The operation utilized the Drake-2 onshore hydraulic rig, with wireline logging by Halliburton and successful installation of 7" nominal production casing.
News
July 08, 2025
Forum Energy Technologies (FET) has appointed OGEQUIP to represent its subsea operations in Brazil, further strengthening FET’s position in South America. Under the partnership, OGEQUIP will deliver FET’s Subsea Technologies product line business development, technical and administrative support.
News
July 07, 2025
McDermott has been awarded a sizeable* offshore transportation and installation contract by BRAVA Energia, an independent oil and gas company in Brazil, for the Papa-Terra field in the Campos Basin and the Atlanta field in Block BS-4 within the Santos Basin.
News
July 04, 2025
Petro-Victory Energy Corp. and Azevedo & Travassos Energia S.A. (ATE) have signed a binding memorandum of understanding on July 2, 2025 (MOU) under which Petro-Victory will become a subsidiary of ATE. ATE has agreed to acquire all shares of Petro-Victory.
News
July 04, 2025
Petrobras is considering the sale of its onshore operations in Brazil’s northeastern Bahia state, CEO Magda Chambriard said. Production on the Polo Bahia Terra is too expensive given that it yields less than a single well in the deepwater pre-salt region.
News
June 30, 2025
Argentina must give up its controlling stake in signature energy company YPF SA within two weeks after a New York judge sided with litigators in a $16 billion judgment, delivering a setback to President Javier Milei before crucial midterm elections.
News
June 30, 2025
Petrobras has awarded Fugro four significant multi-year contracts for the inspection and monitoring of critical subsea infrastructure in Brazil. The contracts will see an expansion of Fugro’s remote operations capabilities, including the remote piloting of ROVs.
News
June 27, 2025
TotalEnergies is in talks with potential buyers for its shale oil assets in Argentina’s Vaca Muerta, as international operators look to exit the region amid improved valuations and shifting investment priorities.
News
June 27, 2025
TotalEnergies has agreed to purchase Moeve’s 25 % stake in offshore Suriname Block 53, joining operator APA and Petronas. The licence sits next to Block 58’s GranMorgu project and contains the Baja-1 discovery.
News
June 27, 2025
Colombian businesses are bracing for a deepening shortfall in natural gas supply that threatens to shutter some operations. Supplies of gas are expected to fall at least 10% short of demand next year, and possibly as high as 20%.
News
June 23, 2025
Petro-Victory Energy Corp., an oil and gas E&P company focused on onshore Brazil, has commenced its fully-funded drilling campaign of the AND-5 well at the Andorinha Field located in the Potiguar basin, Rio Grande do Norte, Brazil.
News
June 19, 2025
SBM Offshore has signed an operations and maintenance contract with TotalEnergies for the FPSO GranMorgu. The contract marks a significant milestone as SBM Offshore becomes the first FPSO operator in Suriname.
News
June 18, 2025
The contract includes a firm commitment to drill two exploration wells, targeting drill-ready prospects that offer significant resource potential and are strategically positioned to unlock synergies with Petronas’ existing operations in Suriname.
News
June 17, 2025
Petrobras, Exxon Mobil Corp. and Chevron Corp. have won exploration rights in Brazil’s Equatorial Margin, betting that the nation’s environmental regulator will finally open the promising offshore oil region for drilling after years of delay.
News
June 17, 2025
Geospace Technologies Corporation have secured a Permanent Reservoir Monitoring contract award for Mero Fields 3 and 4 from Petrobras. The contract encompasses the supply and installation of nearly 500km of the OptoSeis® Permanent Reservoir Monitoring (PRM) system.
News
June 12, 2025
FourPhase has entered into an agreement with Shell Trinidad and Tobago that will involve sand management and production optimization for Shell Trinidad & Tobago on its topside offshore oil and gas platforms in the Caribbean.
