Brazil’s state-owned oil giant Petrobras has informed that the gas potential of the discoveries in the Gujaira Basin offshore Colombia is around 6 trillion cubic feet (Tcf).
TechnipFMC has been awarded two subsea contracts by Petrobras for the pre-salt fields offshore Brazil.
KBR has been awarded engineering contracts by Singapore’s Seatrium Group to develop topsides facilities for two new FPSO units which will be deployed at Petrobras’s Atapu and Sepia fields in the Santos Basin, Brazil, KBR announced on Thursday.
South American nations are increasingly realigning energy strategies to capitalize on offshore oil and gas reserves, signaling a marked shift from previously stated goals of reducing dependence on fossil fuels to satisfy the net zero agenda of those obsessed with a faux climate emergency.
Petrobras on the hunt for shale gas deals in Argentina’s prolific Vaca Muerta to increase production
Brazil’s state-controlled oil and gas producer Petroleo Brasileiro SA (Petrobras) is hunting for shale gas deals in Argentina as part of a bigger plan to increase supplies of the fuel to spur industrial growth, according to people familiar with the strategy.
Halliburton has been awarded a contract by Petrobras to provide well intervention and plug and abandonment services in wells offshore Brazil, the oilfield services company announced on Thursday.
Brazilian oil and gas firms Enauta and 3R Petroleum Óleo e Gás have disclosed the completion of their merger, which was set in motion in early April.
Brazil will continue to be a key investment area for ExxonMobil, local CEO Alberto Ferrin told the Latin American Energy Economics Meeting (ELAEE) in Rio de Janeiro.
Despite the fiscal challenges, Saudi Arabia appears steadfast in its commitment to Vision 2030.
Saudi Arabia’s role as a stabilizer within OPEC comes at a cost and Saudi Arabia may have to commit to longer and deeper output cuts.
Saudi Arabia’s balancing act between maintaining OPEC stability, sustaining oil revenues, and investing in non-oil sectors is a complex endeavor.
Brazilian oil and gas company Enauta has terminated the contract to acquire the floating production, storage, and offloading (FPSO) unit Cidade de Santos from MODEC, announced in relation with the acquisition of Uruguá and Tambaú fields from Petrobras.