South America

Exploration & Production , Transactions

Brazil’s Petrobras Slashes Plan to Sell Four Concessions

The sale process, which had been in binding phase since late 2018, has been called off “considering the alignment of the concessions to the company’s strategy,” Petrobras said.

May 16, 2022

Exploration & Production , Markets , International

US Asked Petrobras to Raise Oil Output; It Said No: Sources

During a March meeting, U.S. officials asked Petrobras if the company had the capacity to increase short-term production, according to U.S. government and Petrobras sources, who requested anonymity to discuss private talks.

May 10, 2022

Field Development , Deepwater

TotalEnergies Kicks Off Production from Giant Mero Field Offshore Brazil

“The production start-up of the first permanent FPSO in Libra block is a new milestone for TotalEnergies in Brazil,” CEO Patrick Pouyanné says.

May 2, 2022

Field Development , Discoveries

Exxon Mobil Makes Three New Discoveries Offshore Guyana as Stabroek Resource Estimate Grows

The three new discoveries offshore Guyana increases Exxon Mobil’s estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.

April 26, 2022

Exploration & Production , International

US Oil Services Firms Join Push for Revamped Venezuela License

In an effort to restart unfinished oil drilling projects in Venezuela, U.S. firms such as Baker Hughes, Schlumberger, Halliburton and Weatherford have joined the appeal in Washington to authorize drilling projects in the country.

April 22, 2022

Exploration & Production , Crude Oil , International

Brazil Discussing Oil Output Boost with US Amid Ukraine Crisis, Energy Minister Says

Asked if the U.S. had reached out to talk about potential oil production increases, Brazilian Energy Minister Bento said the two countries were cooperating.

April 21, 2022

Field Development

Shell, TotalEnergies, 3R Win Contracts in Brazilian Oil Block Auction

Shell, TotalEnergies and 3R Petroleum were three of 13 companies that won contracts in an April 13 auction for 59 exploratory blocks of oil and natural gas in Brazil.

April 14, 2022

Field Development , Deepwater , Subsea

Hunting Wins Contract for Exxon Mobil’s Yellowtail Project Offshore Guyana

Hunting’s Direct Pull-Through installation methodology is intended to simplify installation and enhance safety during project execution for the Yellowtail development—Exxon Mobil’s fourth, and largest, project within the Stabroek Block offshore Guyana.

April 12, 2022

Unconventional , Field Development , Shale Plays

Chevron Granted Shale Exploration Concession in Argentina’s Vaca Muerta

In the three-year pilot stage, Chevron plans to invest $65.7 million to drill, complete and commission five horizontal wells in the Vaca Muerta Shale formation. In addition, the oil major will invest $13 million in infrastructure.

April 12, 2022

Field Development , Technology

SBM Offshore Wins Exxon Mobil Contracts for Major Offshore Project

SBM Offshore will develop, lease and operate Exxon Mobil’s ONE GUYANA FPSO for the $10 billion Yellowtail project offshore Guyana.

April 5, 2022