News
August 04, 2025
Malaysia’s Petronas is working with Bank of America Corp. to sell its 50% stake in the Brazilian oil field Tartaruga Verde, according to unnamed sources. Petronas bought the stake in 2019 as part of a bigger transaction with Petrobras, which still owns the remaining 50%.
News
August 04, 2025
bp today announced its largest discovery in 25 years at the Bumerangue prospect in the deepwater offshore Brazil. bp drilled exploration well 1-BP-13-SPS and discovered hydrocarbons at the Bumerangue block, located in the Santos basin.
News
August 01, 2025
Chevron will hand over a percentage of its Venezuelan production to the local government under new terms negotiated after receiving a license to restart operations in the South American nation, according to people with knowledge of the matter.
News
July 31, 2025
In a first for both the region and the client, Strohm has completed fabrication of the first 13 water alternating gas injection (WAG) thermoplastic composite pipe (TCP) Jumpers for ExxonMobil’s Yellowtail field offshore Guyana.
News
July 31, 2025
EnerMech has been awarded a two-year contract extension by bp Trinidad & Tobago to continue providing crane operations on the operator’s 12 offshore platforms in the Caribbean country.
News
July 30, 2025
Petrobras posted a 5% rise in oil and gas production in Q2 2025 compared to Q1, a performance the company attributes to the ramp-up of several FPSOs. This quarter, Petrobras also reported the start-up of 14 new producing in the Campos and Santos basins.
News
July 29, 2025
The National Observatory of Brazil (Observatório Nacional) has purchased STRYDE’s Mini and Nimble seismic systems to support its geophysical research and exploration activities across Brazil, STRYDE announced on Tuesday.
News
July 24, 2025
The Trump administration has restored Chevron's ability to pump oil in Venezuela, according to unnamed sources. Key to the arrangement was an assurance that no royalties or taxes would benefit the government of Venezuela’s socialist leader, Nicolas Maduro.
News
July 24, 2025
TotalEnergies has awarded Tenaris a contract to supply casing and tubing and Rig Direct® services for the GranMorgu project, located about 150 km offshore Suriname. With first oil expected in 2028, GranMorgu represents Suriname’s first major offshore development.
News
July 18, 2025
Chevron’s victory in a lengthy arbitration initiated by Exxon allowed the $53 billion takeover of Hess Corp. to proceed. With Exxon being the majority owner and operator of the disputed Guyana oil fields, the two oil giants face a new challenge: collaboration.
News
July 18, 2025
ExxonMobil released a formal statement on Friday following a ruling by the International Chamber of Commerce (ICC) Tribunal related to its contractual dispute with Hess Corporation over interests in the Stabroek Block offshore Guyana.
News
July 18, 2025
Chevron has completed its $53 billion takeover of Hess Corporation, having won its arbitration case against ExxonMobil regarding Hess' offshore Guyana assets which had delayed the takeover for over a year.
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.
