Regional

New wells drilled in South America in 2014 contributed to 8% of new wells globally in the offshore sector and 4% in the onshore. And according to Norway-based Rystad Energy, activity has been on a downward trend since then,...

President and Chief Executive Officer of Modec, Takeshi Kanamori said Friday the company came to an agreement with Toyo Engineering Corporation to establish a joint venture firm for the engineering, procurement and construction and installation (EPC) business of floating...

Following criticism from the Guyana Oil and Gas Energy Chamber (GOGEC) that its recent collaboration with Oilfield Workers Trade Union (OWTU) of Trinidad and Tobago could mean trouble, the Guyana Agricultural Workers' Union (GAWU) has come out to defend itself. While the Chamber...

(S&P Global Platts) A large fleet of refined product cargoes was en route July 19 to the southern part of South America to fill winter and harvest needs and to the Caribbean to fill summer tourist demand. Platts cFlow ship and...

The most striking news to emerge from Suriname’s recently concluded Energy, Oil and Gas Summit (SEOGS) 2022 was uttered by the Vice President of Offshore at Staatsolie, Glenn Corrie – that 30 billion barrels of oil equivalent awaits discovery in the South American nation’s...

Petrobras said last Friday that the Anna Nery floating production storage and offloading (FPSO) vessel began its voyage to Brazil, from the Cosco Qidong shipyard in China. The platform is expected to start producing oil in 2023 in the...

The climate crisis has seen wealthy countries that have built and transformed their economies with oil and gas, calling on countries in Africa, South America and the Caribbean, to hold off on developing their hydrocarbon resources. Calls have mounted for...

Suriname’s Block 58 has churned out five discoveries in total, but operator TotalEnergies E&P Suriname B.V. is yet to make a Final Investment Decision (FID). Government officials expressed hope during the recently held Suriname Energy, Oil and Gas Conference (SEOGS) that this...

Trinidad and Tobago’s prime onshore and nearshore oil blocks are up for grabs as the twin-island republic launched a fresh competitive bid round, running up to January 9, 2023. All interested bids must be submitted by that deadline. Information from T&T’s...

Petrobras said it found oil at the pioneer well 1-BRSA-1383A-RJS (Alto de Cabo Frio Central Noroeste) in the pre-salt of the southern part of the Campos Basin. The well is 230 kilometers (km) from the city of Rio de Janeiro-RJ, in...