The Jacked Up Drilling Market
After a nearly five year downturn, the subsea drilling market is on the upswing, with jackup rigs making up the majority of the global fleet.
Petrobras Downplays Any ‘Government Intervention’ Rumors
Petrobras CEO Jean Paul Prates told reporters there was no need to worry about recent moves by the government to halt refinery divestments, which he said during CERAWeek by S&P Global were just attempts to verify commercial terms and conditions.
Q&A: Ecopetrol’s Felipe Bayon Talks About the Permian, Colombian Gas
Felipe Bayon, the CEO of Colombia’s state-owned Ecopetrol, spoke with Hart Energy at CERAWeek by S&P Global to discuss advances in the Permian Basin with Occidental Petroleum and progress offshore Colombia with Petrobras and Shell Colombia, while touting Colombia’s offshore gas potential.
TotalEnergies CEO Urges European Leaders to Improve Incentives
TotalEnergies’ CEO Patrick Pouyanné said during CERAWeek by S&P Global that the French energy giant would invest capital where it was more efficient, including the U.S., while encouraging European leaders to improve incentives.
Guyana Looks to Monetize Associated Gas
Guyana, which started producing oil offshore in late 2019, is now looking at a strategy to monetize gas associated with the oil projects, the country’s Vice President Bharrat Jagdeo said during CERAWeek by S&P Global.
Commentary: US Crude Sanctions On Venezuela: Past, Present and Future
Despite leeway from to U.S. allowing Chevron Corp. to operate and manage its joint ventures in Venezuela, the Maduro government has made few positive steps toward democratic reform.
Colombia Investors, Spooked by Venezuela Woes, Anti-fracking Rhetoric, Face Uncertainty, Official Says
As Colombia’s new government settles in, investors face a blend of uncertainty amid the governments’ anti-fracking commentary and Venezuela’s meltdown next door, Colombian Petroleum Association (ACP) Executive President Francisco José Lloreda Mera told Hart Energy during CERAWeek by S&P Global.
Rystad Energy Expects to See Exponential Growth
Offshore spending looks to surpass pre-pandemic highs within the next two years.
Subsea Tieback Round-Up: 2025 and Beyond
Here's a round-up of subsea tiebacks projects across the globe. The second in a two-part series, this report looks at some of the projects scheduled to come online in 2025 and beyond.
Oil Steady as Market Juggles Supply and Demand Fears
U.S. crude inventories could register their first decrease in 10 weeks.