News
April 18, 2023
Chief Executive Officer Doug Manner commented, "We are disappointed that our VMM-37 partner for more than a decade, ExxonMobil, has voluntarily chosen to withdraw from both the JOA and Contract.
News
April 17, 2023
With a fleet of 6 vessels (Large PSV, AHTS & Tugs) and the full range of marine services, Bourbon Guyana has operated in the country since 2019 and has since then successfully supported ExxonMobil Guyana and Saipem Guyana for the development of Stabroek field, promoting local employment with more than 70 Guyanese seafarers onboard its vessels.
News
April 17, 2023
Peru’s environmental authority OEFA said the oil spill at the port of La Pampilla refinery affected a 300 square meter area. It was discovered on April 15 at the multi buoy terminal 2, which is regularly inspected after a major oil spill affected the area last year
News
April 12, 2023
The FPSO vessel has three power modules, each with two Wärtsilä 50DF dual-fuel engines. Under the new contract, Wärtsilä will continue to have an onboard crew operating the modules on a 24/7 basis.
News
April 12, 2023
The additional term of the contract allows long-term investment in infrastructure and work programs to enhance oil recovery efficiency in existing fields, and appraisal drilling to potentially prolong the life of the fields.
News
April 10, 2023
The contract covers a firm term of 725 days and is expected to begin in Q3 2023, following the conclusion of the rig's ongoing activation.
News
April 06, 2023
The region is one of three countries ExxonMobil is attempting to capitalize on. While assets in Guyana and U.S. shale are looking positive, Exxon still hasn’t made an oil discovery in Brazil.
News
April 04, 2023
The FPSO’s design incorporates SBM Offshore’s Fast4Ward newbuild, multi-purpose hull. It will be the largest oil producing unit in Brazil with a processing capacity of 225,000 boe and 12 million m3 of gas per day.
News
March 28, 2023
Under the contract scope, McDermott will provide comprehensive FEED services for a wellhead platform, export pipeline system, shore approach, midstream pipeline and onshore control room.
News
March 24, 2023
“We will get market share,” Prates, Chief Executive Officer of Petrobras, said in an interview in Rio de Janeiro. “We may be the last to produce oil in the world.”
News
March 21, 2023
Covering 1,800 km2, Phase IV completes the programmed 14,500 km2 survey of newly acquired 3D data in deep and shallow water in the promising Guyana-Suriname basin. The program also includes over 6,400 km2 of reprocessed data. These new multi-client data will support Suriname’s deep and shallow water bid rounds.
News
March 17, 2023
The Canadian company is looking to step up output in Colombia, which accounts for most of its production, by improving techniques such as adding so-called waterflood facilities in the main fields.
News
March 15, 2023
Karoon announced that the PAT-2 well, one of two new production wells drilled into the Patola field in the BM-S-40 production license in Brazil, came onstream on March 15 at a rate of 12,000 – 14,000 bopd.
News
March 14, 2023
Preliminary analysis of the logging-while-drilling and wireline log data available at Neon-2 has confirmed that, as at Neon-1, the Paleocene sandstone primary target zones are present and oil bearing at this location.
News
March 09, 2023
Petrobras’ CEO, Jean Paul Prates, took advantage of the presence of the leaders of the largest energy companies on the planet at CERAWeek by S&P Global to promote the importance of joint actions by the industry both in renewable energy projects and in initiatives for better use of oil and gas reserves.
News
March 08, 2023
Drilling is picking up fast in Vaca Muerta after a series of false dawns over the past decade with top developer, state-run YPF SA, poised to ramp up investments.
News
March 07, 2023
The country’s first auction is expected to take place by the end of May after being delayed by a few weeks as the government finalizes contract terms and legislation that ensure it secures a larger share of proceeds, Jagdeo said in an interview in Houston on Monday. The country has ample drilling locations to justify a second sale next year.
News
March 06, 2023
Dozens of police and oil workers taken hostage after protesters stormed a field operated by China’s Sinochem Group have been released, Colombian President Gustavo Petro said.
News
March 03, 2023
Colombia’s oil industry has a history of violence from rebel groups and resistance from local communities, which makes it even harder for the country to reverse declining production of oil, a key source of export revenue.
News
March 01, 2023
Petroperu has said it could produce 12,000 bpd at Lot 192, compared with Peru’s national output of about 40,000 bpd.
Article
February 2023
Optimism prevails as investments and improvements point to production growth.
