News
May 28, 2025
Ecopetrol SA plans to continue drilling for natural gas in Colombian Caribbean waters after partner Shell Plc exited three offshore blocks, betting on growing domestic demand and potentially lucrative reserves.
News
May 28, 2025
ExxonMobil CEO Darren Woods said the company will keep its capital allocation plans intact even if oil declines toward $50 a barrel. Exxon plans to bring on a 250,000 bpd expansion project in Guyana later this year, adding to global supplies.
News
May 26, 2025
Oil production has started from the fourth development phase of the Mero field off the coast of Rio de Janeiro, Brazil, in the pre-salt area of the Santos basin. The field is operated by Petrobras (38.6%), with TotalEnergies and Shell Brasil each holding 19.3% working interest.
News
May 23, 2025
The Trump administration is preparing to issue a narrowly tailored license to Chevron Corp., allowing the oil producer to conduct minimal maintenance of essential operations in Venezuela, according to people familiar with the matter.
News
May 22, 2025
U.S. Secretary of State Marco Rubio said in a post on X that a Venezuela oil-export license will expire next Tuesday, defying earlier expectations that it would be extended. The tighter time frame would put pressure on Chevron Corp.’s operations in the sanctioned nation.
News
May 21, 2025
DOF Group ASA has secured four long-term charter and service contract awards with Petrobras in Brazil following a competitive tender process. The combined value of the contracts is approximately $480 million USD.
News
May 20, 2025
Venezuela released an American citizen on the same day the U.S. was set to give Chevron another 60-day waiver to operate in the country, part of a push by President Nicolas Maduro’s government and the Trump administration to improve ties.
News
May 20, 2025
SLB has launched Retina™ at-bit imaging, a first-of-its-kind solution which enables identification of formation characteristics. Retina addresses the limitations of traditional imagers, which are often restricted by operational factors like drilling fluid type and wellbore damage, SLB stated.
News
May 15, 2025
Perenco has announced a successful drilling operation for its Onyx well, encountering significant columns of natural gas in two separate geological compartments. The Onyx field is an undeveloped gas discovery located within the TSP license, offshore Trinidad.
News
May 13, 2025
Colombia’s oil and gas association urged authorities to take “urgent action” after a surge in sabotage attacks on critical energy infrastructure. A group broke in and set fire to the Quifa field facilities in central Colombia on Monday, the ACP said in a statement.
News
May 13, 2025
Brazil’s state-controlled oil producer Petrobras approved dividends slightly below expectations amid a trade war that has created economic uncertainty and undermined oil prices.
News
May 12, 2025
Prosafe has been declared the winner of a bidding process for a four-year contract by Petrobras for the provision of the Safe Notos semisubmersible vessel for safety and maintenance support offshore Brazil.
News
May 05, 2025
BW Energy has reached final investment decision (FID) for the Maromba development offshore Brazil based on a capex-efficient development with an integrated drilling and wellhead platform (WHP) and a refurbished FPSO.
News
May 02, 2025
Subsea7 has secured a super-major contract1 with Petrobras for the development of the Búzios 11 field located approximately 180 kilometers off the coast of the state of Rio de Janeiro, Brazil, at 2,000 meters water depth in the pre-salt Santos basin.
News
May 02, 2025
Golar LNG has reached final investment decision (FID) for the 20-year re-deployment charter of the FLNG Hilli Episeyo (FLNG Hilli). The vessel will be chartered to Southern Energy S.A. (SESA), offshore Argentina, to monetize gas from the Vaca Muerta shale formation.
News
May 02, 2025
Equinor has entered into agreements with Brazilian company PRIO to sell its 60% operated interest in the Peregrino field in Brazil for $3.5 billion USD. Peregrino is a heavy oil field consisting of a FPSO platform supported by three fixed platforms. Equinor has been operating the field since 2009, with around 300 million barrels of oil being produced by the asset since.
News
April 30, 2025
In partnership with ExxonMobil, Lindsayca and Enerflex, CH4 Systems announced Wednesday that it has received the prestigious Export-Import Bank of the United States (EXIM) "Deal of the Year Award" for its pioneering gas-to-energy project in Guyana.
News
April 30, 2025
Argentina shale operator YPF has signed a Memorandum of Understanding (MoU) with Globant, a digitally-native company focused on transforming companies through the use of AI. Through the agreement, YPF will apply AI technology across its supply chain operations.
News
April 29, 2025
Subsea7 and SLB OneSubsea have secured a substantial engineering, procurement, construction and installation (EPCI) contract for bp's Ginger project, offshore Trinidad and Tobago. bp’s Ginger development is located off the southeast coast of the island of Trinidad, at water depths of up to 90 meters. First gas is targeted for 2026.
News
April 29, 2025
Petro-Victory has completed its acquisition of Capixaba Energia LTDA, a producing oil and gas asset in the Espírito Santo Basin. The acquisition was completed in partnership with BlueOak Investments, Petro-Victory's strategic financial partner.
News
April 25, 2025
Vitol Group has stepped up oil purchases in Venezuela in the final weeks of a U.S. license that allows the world’s largest independent oil trader to do business in the sanctioned nation. Vitol is set to load at least 2.5 million barrels of Venezuelan oil this month, according to documents seen by Bloomberg.
