South America
Petrobras’ 2Q Production Rises 2.4% YOY to 2.7 MMboe/d
Brazil’s state-owned Petrobras reported average production of 2.7 MMboe/d in second-quarter 2024 as offshore production continues to ramps up.
E&P Highlights: July 29, 2024
Here’s a roundup of the latest E&P headlines including Energean taking FID on the Katlan development project and SLB developing an AI-based platform with Aker BP.
International, Tech Drive NOV’s 2Q Growth Amid US E&P Headwinds
Despite a U.S. drilling slowdown, slightly offset by Permian Basin activity, NOV saw overall second-quarter revenue grow by 6%, although second-half 2024 challenges remain in North America.
Paisie: Oil Demand to Rise 1.2 MMbbl/d in Second Half
WTI’s price is expected to stay in the low $80s/bbl.
BP and NGC Sign E&P Deal for Offshore Venezuelan Cocuina Field
BP and NGC signed a 20-year agreement to develop Venezuela’s Cocuina offshore gas field, part of the Manakin-Cocuina cross border maritime field between Venezuela and Trinidad and Tobago.
TotalEnergies 'Working on' Another Acquisition, Suriname FID- CEO
TotalEnergies expects to take a final investment decision on Suriname Block 58 in the second half of 2024 while searching for its next acquisition in Texas.
STRYDE Provides Seismic Survey Solutions Globally
Companies across various sectors look to use STRYDE’s conventional and in-field processing services for 2D and 3D seismic surveys.
Helmerich & Payne to Acquire KCA Deutag for $2B
H&P expects the acquisition of KCA Deutag to expand its international footprint, particularly in the Middle East, and enhance its global onshore drilling role.
Pitts: Oh, What a Tangled Web the Supermajors Weave
Exxon and Chevron and Guyana and Venezuela—‘Let’s Make A Deal’ meets ‘Love, South American Style.’
Chevron to Divest 20% Interest Offshore Suriname to QatarEnergy
Chevron Corp. will divest a 20% interest to QatarEnergy in a production sharing contract related to Suriname offshore Block 5.