(S&P Global) Brazilian crude and natural gas production soared to a fresh record high in November as oil output topped 3 million b/d for the first time ever in Latin America's largest producer, the country's National Petroleum Agency, or...
French oil company Total (TOTF.PA) said on Monday that it would pay a bonus of $100 million as part of its previously announced deal with U.S. peer Apache (APA.N) to develop a block off Suriname.
“Total is pleased with this...
(Forbes) This December Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) made one of its largest oil and gas discoveries of the past three decades. The formation, dubbed Quesqui, is located onshore in Tabasco state, and is estimated to contain...
(Bloomberg) President Nicolas Maduro of Venezuela, dismissed as a goner after the U.S. put its weight behind his political rival and crippled his government with sanctions, is offering an unorthodox payback to Wall Street creditors as part of a...
(S&P Global Platts) Pemex's massive new oil discovery at the Quesqui field might paradoxically prove to be the worst news of 2019 for Mexico's energy sector, as it will be used to justify a shunning of badly needed private investment...
(MercoPress) The Organization of Petroleum Exporting Countries (OPEC) reported on Wednesday a gradual recovery in Venezuela's oil production with a figure of 912,000 barrels per day (bpd), 151,000 above October's output, as the Venezuelan Government continues to target February's...
Oil and gas operators in the Permian Basin, the most prolific hydrocarbon resource basin in North America, will have to drill substantially more wells just to maintain current production levels and even more to grow production, owing to the...
SBM Offshore said on Wednesday it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Sepetiba (formerly known as Mero 2). These contracts follow the signing of the binding Letter of...
(AXIOS) America is poised to produce far more oil and natural gas over the next five years than any other country in the world, according to a new report.
Why it matters: It shows how America, already the world’s largest...
Despite encountering 6 dry holes in its Nearshore Drilling Project (NSD), Suriname state oil company Staatsolie says the campaign allowed for valuable data to be collected which could play a key role in ultimately hitting pay offshore the Dutch-speaking...
