Regional

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Mærsk Developer to drill additional appraisal well for Total in Suriname

OilNOW -
Total E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional appraisal well in Suriname’s Block 58 to the work scope of the semi-submersible rig Mærsk Developer. Mærsk Drilling said Wednesday the contract extension has...
News

Singapore shipbuilder capturing big contracts for South America floaters

OilNOW -
Keppel Offshore & Marine has secured yet another contract for a South America-bound floater. The company announced on Monday that it was hired for the turnkey delivery of P-78, one of the largest Floating Production, Storage and Offloading (FPSO)...
Exploration

Brazil offshore wells could quadruple to 19 this year

OilNOW -
(S&P Global Platts) Brazil's National Petroleum Agency expects the number of exploration wells drilled off the country's coast to nearly quadruple in 2021 to 19 wells as oil companies ramp up activity and the coronavirus pandemic wanes, the regulator's...
News

Suriname bid round closes with interest shown in less than 50% of blocks offered

OilNOW -
Suriname’s Shallow Offshore Bid Round closed on April 30 with international oil companies showing interest in just 3 of the 8 oil blocks that were on offer. According to state oil company Staatsolie Maatschappij Suriname N.V., a total of 10...
News

Guyanese recruitment firm expands services to Suriname as deepwater operations grow

OilNOW -
Guyanese firm Strategic Recruitment Solutions Inc. (SRS) has expanded its professional network and services to Suriname. Effective May 4, 2021, SRS launched a partnership with the Suriname based Humus Consulting. The Joint Venture, Strategic Recruitment Suriname N.V., will provide...
News

Venezuela oil production on course to be surpassed by South America’s ‘new kid on the block’

OilNOW -
Even with its vast oil reserves of over 300 billion barrels, Venezuela’s output is now on course to be surpassed by new producer Guyana where oil fields are moving to development at a robust pace as the government looks...
News

Brazil’s Petrobras inviting bids for one of the largest FPSOs in the world

OilNOW -
Petrobras said on Friday that it started the bidding process for the acquisition of a new FPSO for the Búzios field, in the Santos Basin pre-salt. Named P-80, the platform will be the ninth unit to operate in the field,...
News

Suriname official encourages collaboration in oil spill prevention and response

OilNOW -
As oil and gas operations offshore Guyana and Suriname intensify in the Guyana-Suriname Basin, the importance of collaboration between the two countries in preventing and responding to oil spills has been emphasised by Suriname’s Minister of Natural Resources, David...
News

Talks on ‘Arco Norte’ energy corridor to advance later this year – President Ali

OilNOW -
The Governments of Guyana, Northern Brazil, Suriname, and French Guiana are due for a meeting later this year on the planned regional energy corridor. Guyana’s President, Dr. Irfaan Ali made the disclosure during a press conference on Wednesday. The planned...
News

Brazil oil production falls 6% in first quarter

OilNOW -
(Reuters) - Oil production in Brazil fell 6% in the first quarter from a year earlier, according to National Petroleum Agency (ANP) figures seen by Reuters on Monday, led by a drop in output from state-run oil giant Petrobras. Brazil...
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Latest News

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Six FPSOs targeting over five billion barrels of oil at Stabroek Block – Hess

Hess Corporation has revealed that nearly half of the Stabroek Block’s massive 11.6-billion-barrel reserve will be tapped with six...

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