Equinor and Exxon agree to boost production of Brazilian offshore field
The firms are planning to boost the Bacalhau field’s production capacity, with potentially double investment.
South & Central America
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South & Central America
Brazil’s Petrobras terminate assets sale process in Sergipe-Alagoas basin
The four concessions that were considered for sale include BM- SEAL-4, 4-A, 10, and 11.
Petrobras offloads Brazilian oil and gas assets worth over $1bn
The sale form part of Petrobras’ efforts to focus on its assets in deep and ultradeep waters.
PetroReconcavo and Eneva offer $1.4bn for Petrobras’ Bahia-Terra cluster
If talks materialise, PetroReconvaco will receive a 60% operatorship stake in the cluster while Eneva will hold the remaining 40%…
Petrobras and partners start production from Mero field offshore Brazil
The production has been started through FPSO Guanabara, which can produce up to 180,000 barrels of oil per day.
Guyana considers forming state-owned oil company
The oil-rich country is also looking to restrict Exxon Mobil’s expansion by excluding it from bidding for new licences.
Maha Energy looking to buy Petrobras’ stake in Brazilian offshore field
The divestment of the stake in the Tartaruga field is part of Petrobras’ plan to focus more on profitable deepwater…
Chevron granted new concession in Argentina for shale exploration
Chevron will initially invest $65.7m to drill, complete, and commission five horizontal wells.