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.

July 31, 2024

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.

July 29, 2024

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.

July 29, 2024

Paisie: Oil Demand to Rise 1.2 MMbbl/d in Second Half

WTI’s price is expected to stay in the low $80s/bbl.

July 28, 2024

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.

July 28, 2024

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.

July 26, 2024

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.

July 25, 2024

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.

July 25, 2024

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.’

July 23, 2024

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.

July 23, 2024