Argentina court orders halt in Sea Lion project off Falkland Islands
The order covers drilling, subsea installations, and the start of commercial oil production. An Argentine federal court has ordered the…
South America
Petrobras wins approval for three more Foz do Amazonas wells
Brazil’s environmental regulator Ibama authorized Petrobras to drill three more wells in the Foz do Amazonas basin, expanding the licensed…
South America
Ventura Offshore adds deepwater firepower to managed fleet and wins Petronas rig deal
Brazilian deepwater offshore drilling contractor Ventura Offshore has expanded its managed fleet by adding Eldorado Drilling’s seventh-generation drillship to its…
South America
Chevron Targets $7B Investment in Venezuela
As geopolitical risks interrupt traditional supply routes, it’s becoming more important to tap into areas with major reserves. Chevron is…
South America
Ventura Offshore Takes on Marketing Role for Eldorado Drillship as Merger Advances
Brazilian deepwater drilling specialist Ventura Offshore has been appointed to market a deepwater drillship on behalf of Eldorado Drilling, taking…
South America
Chevron Plans $7 Billion Venezuela Investment To Double Oil Production Growth
Chevron Corporation on Wednesday disclosed new agreements with Venezuela that revise the terms of its joint ventures, paving the way…
South America
Noble Tom Madden drills at Whiptail’s WT_2i01 center
ExxonMobil is continuing developmental drilling operations at the Whiptail Project’s WT_2i01 drill center within the Stabroek Block, offshore Guyana. The…
South America
Trump administration eyeing stake in Venezuelan oil fields? Here’s what we know
The Trump administration explores seeking direct stakes in Venezuelan oilfields. Negotiations reportedly involve more than a dozen productive fields. The…
South America
Venezuela weighs exit from Opec as US discusses stake in oil fields
Venezuela was one of the five oil producers that founded Opec in 1960 and is widely considered the most influential…
South America
Petrobras Cancels Newbuild OSV Tender After 18 Months as Brazil Contracting Delays Frustrate Vessel Market
Petrobras has cancelled a tender for two newbuild offshore support vessels more than 18 months after originally launching the exercise,…
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