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Guyana oil production will grow tenfold, contribute to uptick in S/America’s...

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Rapid development of oil fields offshore Guyana will result in production increasing tenfold in the coming years, and along with Brazil, will see South...

BP drops operatorship of sensitive exploration block offshore Brazil

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(S&P Global Platts) BP has handed over operatorship of an environmentally sensitive exploration block offshore Brazil in the Amazon Delta to state-run oil company...

Brazil soars to China’s No. 3 crude oil supplier in September

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(Reuters) - Brazil jumped to China’s third-biggest crude oil supplier in September, import data showed on Sunday, as China’s independent refiners scooped up cheap...

Brazil’s Petrobras boosts 2020 production outlook

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(Reuters) - Brazilian state-run oil company Petrobras said on Tuesday that 2020 production should exceed previously disclosed estimates, as the firm ramps up production...

Oceaneering bags BOP tethering services contract from Brazil’s Petrobras

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Oceaneering International Inc. announced Tuesday that it has been awarded a BOP tethering services contract offshore Brazil from Petrobras. The contract duration is one-year...

Brazil’s Supreme Court maintains Petrobras E&P divestment rules

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(S&P Global) Brazil's Supreme Court maintained 2018 regulations that allowed state-led oil company Petrobras to sell exploration and production assets, in a...

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...