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Seadrill targeted in operation carwash probe

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Offshore drilling company, Seadrill Ltd., has been targeted in the ongoing criminal investigation by the Federal Police of Brazil – Operation Car...

SBM Offshore in talks for giant Brazil FPSO

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Dutch floater specialist SBM Offshore has entered negotiations with Petrobras for a charter contract for the FPSO Almirante Tamandaré. The...

Total drops operator role for five exploration blocks in Brazil

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French multinational oil and gas company Total said on Monday it had notified its partners on August 19 about its resignation from its...

Oil and gas companies continue to fold under severe pressure even...

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The COVID-19 pandemic is adding severe financial strain on a North American upstream industry that was already reeling under billions of dollars...

Guyana ranks 3rd in the world for FPSO deployments through 2025...

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The South American country of Guyana is expected to deploy a minimum of three more Floating Production Storage and Offloading units (FPSOs)...

Libra Consortium takes final investment decision on Mero-3 FPSO in Brazil

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Shell announced said Tuesday a final investment decision has been taken by the Libra Consortium, operated by Petrobras, to contract the Mero-3...

Petrobras-led Libra Consortium awards TechnipFMC ‘large’ contract

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TechnipFMC is reporting that it has been awarded a large contract for Engineering, Procurement, Construction, and Installation (EPCI) through a competitive contracting...

Over 3 million bpd to be sanctioned in Guyana, Brazil even...

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Oil projects off the coast of South America have lower breakeven prices and competitive payback times in comparison to similar projects in...

Total sanctions third phase of Mero project in deepwater Brazil

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Total and its partners have taken the investment decision for the third phase of the Mero project (Libra block), located 180 kilometers off the...

Brazil doubled oil exports in July

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(MercoPress) Brazilian oil exports more than doubled in July to 8.19 million tons, compared to 3.76 million tons shipped in July 2019, according to...