Brazil’s largest-ever auction of oil deposits conducted just over a week ago was a total flop and CEO of state-controlled Petroleo Brasileiro SA says that the astronomic price tag and regulatory uncertainties are to blame.
World Oil reported that Petrobras...
French oil giant Total announced on Friday first oil from the Iara license (Block BM-S-11A), located in the deepwater Santos Basin pre-salt in Brazil.
According to a press release from the company, this development marks the start-up of the P-68,...
(Bloomberg) -- The Dragon, a massive oil tanker flying the Liberian flag, is supposed to be floating somewhere off the coast of France, according to its last GPS signal.
Instead, it’s currently thousands of miles away in Venezuela where, under...
(Bloomberg) Brazil’s largest-ever auction of oil deposits flopped, sending the real tumbling, after state-controlled Petroleo Brasileiro SA did most of the bidding while other major oil companies stayed away.
Petrobras, as the company is known, joined with China’s Cnooc Ltd....
The American Association of Petroleum Geologists (AAPG) is set to stage a Geosciences Technology Workshop (GTW) in Suriname to be held at the Torarica Hotel in Paramaribo on November 6-7, 2019.
The workshop will focus on recent discoveries and exploration...
US-based Apache Corporation has reported a quarterly loss of $170 million or $0.45 per diluted common share for the third quarter of 2019.
“During the third quarter, adjusted production exceeded guidance while capital expenditures remained on pace with our full-year...
(Reuters) BP Plc (BP.L) wants to be part of an effort to build up natural gas infrastructure in Brazil, an executive said on Tuesday, and believes a power plant it is building in Rio de Janeiro could eventually be...
Hess Corporation (NYSE:HES), a 30 percent co-venturer in Guyana’s Stabroek Block, on Tuesday announced an oil discovery at the Esox-1 exploration well located in Mississippi Canyon Block No. 726 in the deepwater Gulf of Mexico.
Esox-1 was drilled in 4,609 feet (1,405...
Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025, according to GlobalData.
Brazil is expected to deploy a total of 11 planned and ten...
Brazil’s oil production has seemingly found its groove, with Rystad Energy expecting the country to be a sizable contributor to non-OPEC, non-US growth throughout the 2020s.
Rystad Energy said seven new FPSO projects have come under the spotlight, beginning at...
