News
August 27, 2025
During a state visit to Brasilía this week, Nigerian President Bola Tinubu welcomed Petrobras’s planned re-entry into the Nigerian market. The two countries signed five Memoranda of Understanding, signaling a shift from symbolic ties to practical, high-impact collaboration.
News
August 22, 2025
Perupetro on Friday announced a new strategy to increase hydrocarbons exploration in order to boost its domestic natural gas reserves. From 2037, Peru could be forced to import natural gas due to a decline in exploration and new discoveries.
News
August 22, 2025
The Trump administration is withholding approval for several Western oil majors seeking to operate in Venezuela, ramping up pressure on Nicolás Maduro’s government even as Chevron is allowed to work there, according to people familiar with the matter.
News
August 20, 2025
A new study by the Brazilian Institute of Oil and Gas (IBP) highlights the oil and gas sector’s importance in financing public policies in Brazil, with analysis showing over BRL 325 billion ($59 billion USD) generated in 2023 for local governments.
News
August 19, 2025
Indonesia Energy Corp. (IEC) has signed an MOU with Aguila Energia e Participações Ltda. (AEP). The MOU establishes a collaborative framework for the companies to evaluate and pursue potential oil and gas opportunities in Brazil.
News
August 18, 2025
Brazilian oil company Prio said Monday that the local regulator, ANP, has mandated a production halt at the Peregrino FPSO due to necessary improvements in risk management documentation and adjustments to the deluge system, according to a Reuters report.
News
August 18, 2025
Shares of Raízen SA soared on Monday, posting their biggest intra-day gain on record, after the newspaper O Globo reported that state-controlled oil producer Petrobras is considering investing in the sugar and ethanol producer.
News
August 14, 2025
Tenaris has reached a new technical milestone in offshore Brazil with the successful deployment of corrosion-resistant alloy (CRA) tubulars with its renowned Dopeless® technology in two wells located in the Búzios and Jubarte fields.
News
August 14, 2025
DOF Group ASA has been awarded two new long-term contracts in Brazil. Following the same competitive tender process that resulted in the previously announced contract award of Skandi Achiever on a 4-year charter as RSV, Skandi Carla and Geoholm have also been contracted on 4-year charters with Petrobras.
News
August 13, 2025
Brazil’s state-controlled oil company received permission from regulators to perform emergency response drills near the mouth of the Amazon River, a crucial step toward winning approval to explore in a region the company has been pushing to access for years.
News
August 13, 2025
ExxonMobil has signed a deal to explore for oil and gas off the coast of Trinidad and Tobago, a decade after making the world’s largest discovery in a generation in nearby Guyana.
News
August 11, 2025
Valmet has signed a nationwide agreement with Petrobras (Petróleo Brasileiro S.A.) for the supply of spare parts of Neles™ valves, actuators, and positioners across all Petrobras operational units
News
August 08, 2025
ExxonMobil Guyana has started production at Yellowtail, the fourth oil development in Guyana’s offshore Stabroek block. Yellowtail’s ONE GUYANA FPSO brings total installed capacity in Guyana to above 900,000 bopd.
News
August 08, 2025
Brazil’s state-controlled oil producer Petrobras reported weaker-than-expected results and cut its dividend after lower oil prices offset stronger production figures.
News
August 08, 2025
Milbank LLP is advising YPF S.A. in connection with its definitive agreement with Total Austral S.A., an affiliate of TotalEnergies, to acquire a 45% interest in Rincón La Ceniza and La Escalonada, two unconventional oil and gas blocks located in Argentina, for $500 million.
News
August 07, 2025
Golar LNG has secured a 20-year FLNG charter with Southern Energy S.A. in Argentina, generating $400 million per year plus upside tied to LNG pricing. Delivery of the MK II unit is expected in 2028.
News
August 06, 2025
TotalEnergies is selling its 45% stake in two Vaca Muerta shale blocks to YPF for $500 million, shifting focus to core assets in Argentina’s Neuquén Basin and offshore Tierra del Fuego.
Article
July 2025
A year ago, the Suriname-Guyana basin’s outlook for hydrocarbons seemed straightforward: "deploy one FPSO annually, exceed nameplate capacity, and repeat." However, there are non-hydrocarbon factors that today could significantly influence the region, even before Suriname’s first oil.
News
August 05, 2025
Oil-drilling activity in Argentina’s Vaca Muerta shale patch is set to weaken in the near term as companies restrain spending, said the chief executive officer of the region’s biggest crude producer YPF SA.
News
August 05, 2025
Perenco Brazil has completed its acquisition of the Cherne and Bagre concessions from Petrobras. The acquisition includes two fixed platforms previously hibernated and scheduled for decommissioning by Petrobras. Perenco is targeting 15,000 bpd mid-term production from the concessions.
News
August 04, 2025
Malaysia’s Petronas is working with Bank of America Corp. to sell its 50% stake in the Brazilian oil field Tartaruga Verde, according to unnamed sources. Petronas bought the stake in 2019 as part of a bigger transaction with Petrobras, which still owns the remaining 50%.
