(Reuters) - Germany’s Siemens expects revenue from its oil and gas division in Brazil in 2020 to double compared to 2018 levels, an executive said on Thursday, citing upcoming oil auctions that could total around $26 billion.
The company does...
Brazilian oil company Petrobras said Friday its third-quarter crude oil and natural gas output was 16.5% higher year on year, amid record-setting production from subsalt fields.
State-led Petrobras, which has been was completing the installation of seven new floating production...
SBM Offshore said on Friday it is the successful bidder for the interests held by Brazil’s Servicos de Petroleo Constellation in five floating production, storage and offloading vessels.
The company said completion of the transaction remains subject to various conditions...
The Energy Chamber of Trinidad and Tobago is getting ready to host the second Guyana Safety Forum set to take place on the outskirts of Georgetown on Wednesday, October 16 at the Arthur Chung Conference Centre.
Under the theme “Building...
US crude exports could grow from current levels of 2.9 million barrels per day (bpd) to nearly 6 million bpd by 2022, according to a new forecast from Rystad Energy.
With US production expected to increase by 1.2 million bpd...
From the Dutch-speaking shores of Suriname to the island nations in the Caribbean Sea, mega oil discoveries in Guyana is fueling renewed hope for crude across the region.
Norway-based Rystad Energy says the industry has high hopes after the prolific...
Speaking after Brazil's Licensing Round 16 on Thursday, Juliana Miguez, from Wood Mackenzie’s Latin America upstream, said the round has set a record – the BRL 8.9 billion (US$2.2 billion) - in signature bonuses, the highest yet for a...
BP Trinidad and Tobago LLC (BPTT) has submitted a bid to the country’s Ministry of Energy and Energy Industries (MEEI) for a commercial scale solar power project with partners, LightSource BP and Shell.
In a news update published on October 4, Trinidad and...
Flaring and venting in the Permian Basin has stabilized in the range of 600 million to 650 million cubic feet per day (MMcfd), according to Rystad Energy’s preliminary data for the third quarter of 2019.
Venting is gas release without...
(Reuters) - Suriname’s state-owned oil firm said on Friday it had signed a production-sharing agreement for the onshore Weg Naar Zee (WNZ) block with Britain-based oil and gas exploration company Columbus Energy Resources.
In a statement, the company, Staatsolie Maatschappij...
