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,…
South America
bp awards Halliburton drilling services contract for Bumerangue appraisal
bp has awarded Halliburton an integrated drilling services contract for the first appraisal campaign at the Bumerangue field offshore Brazil,…
South America
Brazil’s New Oil Frontier Could Keep Its Boom Alive For Decades
Petrobras has discovered oil near the Amazon River mouth, with Lula calling the find a “passport to Brazil’s future,” although…
South America
Venezuela Signs Oil Deals With SLB and Hunt to Boost Production
Venezuela has signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment…
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