News
November 27, 2022
The Biden administration granted Chevron Corp. a license to resume oil production in Venezuela after US sanctions halted all drilling activities almost three years ago.
News
November 22, 2022
Subsea Integration Alliance, a non-incorporated tie-up between Subsea 7 and SLB's OneSubsea, has been awarded a contract by BP for its Cypre gas project offshore Trinidad and Tobago.
Article
October 2022
Using advanced snubbing equipment has enhanced completion and workover efficiencies in developing Vaca Muerta shale resources. The new hydraulic completion units increase performance and enable the operator to push the technical limits of extended lateral well completions.
News
October 05, 2022
Brazilian state-owned oil and gas producer Petrobras awarded Sembcorp Marine Rigs & Floaters Pte, a wholly-owned subsidiary of Sembcorp Marine, a $3.05 billion contract for the P-82 FPSO vessel through an international tender.
News
October 04, 2022
Veolia Water Technologies, through its subsidiary VWS Westgarth Ltd, has been awarded a multi-million-dollar contract by the Yellowtail - SBM Offshore/McDermott Joint Venture for the supply of a seawater treatment process module for the One Guyana FPSO that will operate in the Stabroek block, offshore Guyana.
News
September 29, 2022
Wood, the global consulting and engineering company, has been awarded two significant offshore contract extensions in Brazil. They include the provision of operations services for Trident Energy and maintenance solutions for Equinor.
Article
September 2022
Drilling should pick up steam this year, gaining more than 18%, as nearly all regions will see activity increase. Development should thrive, as the world looks for additional sources of crude oil and natural gas.
News
September 21, 2022
Radix Engineering and Software closed a R$49 million (approx. $9.5 million) contract with Petrobras to develop and maintain scientific software focused on Well Engineering and Subsea Engineering.
News
September 15, 2022
TechnipFMC has been awarded a significant engineering, procurement, construction and installation contract by TotalEnergies for its Lapa North East field in the pre-salt Santos Basin offshore Brazil.
News
September 07, 2022
Guyana has some of the world's biggest offshore discoveries made in years, with 10 billion barrels of recoverable oil and gas starting to come online since 2019. Sulzer has delivered 11 high pressure water injection pumps, and the latest order for five more HPcp pumps will support the largest FPSO in the Stabroek block.
News
September 07, 2022
From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude reserves is mostly missing out.
News
August 30, 2022
Pioneer Consulting has been contracted by the Zemax-Planova Consortium to provide expertise related to the various oil and gas aspects of the Petrobras Malha Óptica project in Brazil.
News
August 19, 2022
Touchstone Exploration Inc. announced that the company received the Certificate of Environmental Clearance it needed to conduct development operations within the Cascadura area of the Ortoire block.
News
August 18, 2022
National Oil Company Petrobras is focusing on output growth from pre-salt, following a trend of Brazilian oil independents raising output at fields the NOC already divested, Petroleum Economist reported.
News
August 08, 2022
Touchstone Exploration Inc. is preparing for the Trinidad and Tobago Environmental Management Authority to make a final decision on a Certificate of Environmental Clearance for its oil and gas exploration project by September 15.
Article
July 2022
Pay-to-play time is likely nigh in Guyana, as the tiny nation appears poised to flex the economic muscle that comes with the rapid ascension from an obscure extra to a starring role on the world petroleum stage.
News
July 15, 2022
Hedge funds and other investors looking to cash in on Brazil’s surging oil and gas output are turning to a new breed of drillers as an alternative to turmoil-wracked Petroleo Brasileiro SA, the state-owned producer that’s had four CEOs since early 2019.
News
July 11, 2022
Petrobras has awarded Tenaris a four-year contract for the supply of a comprehensive package of products and services for its flagship Buzios deepwater project.
News
July 06, 2022
Chevron Corp. wants more control over the oil it produces in Venezuela, a move that would help the driller boost output and recover debt if the US eases sanctions amid a global fuel crunch.
News
July 01, 2022
Venezuela’s economy is forecast to expand at its fastest pace in 15 years, marking a rebound for a country that recently emerged from the deepest recession in Latin America.
News
June 27, 2022
Ecuador’s oil production is likely to halt completely within 48 hours if road blocks and vandalizing of oil wells continue, the Energy Ministry said in an emailed statement.
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