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鈥檚 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聽has completed its acquisition of Capixaba Energia LTDA, a producing oil and gas asset in the Esp铆rito聽Santo聽Basin. The acquisition was completed in partnership with BlueOak Investments, Petro-Victory's strategic financial聽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鈥檚 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.
News
April 24, 2025
GeoPark Limited, an independent oil and gas company with over 20 years of successful operations across Latin America, announces the appointment of Felipe Bayon as its new Chief Executive Officer and a member of the Board of Directors, effective June 1, 2025.
News
April 21, 2025
MODEC has secured a contract from ExxonMobil Guyana to deliver the Hammerhead FPSO, with initial design work underway and production capacity set at 150,000 barrels per day pending regulatory approval.
News
April 16, 2025
Vista Energy has acquired Petronas' 50% stake in the Vaca Muerta shale basin in a deal valued at $1.5 billion USD. Vista estimates that the area, known as La Amarga Chica (LACh) could potentially hold 400 new well locations to be drilled in its inventory (at 100% working interest). The remaining 50% of LACh is held by operator YPF S.A.
News
April 14, 2025
Brazil鈥檚 oil regulator is set to grant exploration rights in a promising offshore region where state-controlled oil producer Petrobras has faced a years-long dispute with environmental authorities to start drilling. According to the ANP, 31 companies are聽registered聽and able to bid, including Petrobras, ExxonMobil, Shell, Chevron, Equinor and bp.聽
News
April 14, 2025
ROGII, a global expert in advanced geosteering and subsurface analytics, has secured a partnership with Petrobras to apply real-time inversion technology to enhance operational efficiency and optimize reservoir performance.聽
News
April 14, 2025
BW Energy has made its final investment decision (FID) for the Golfinho Boost project, aiming to increase uptime, reduce operating expenses and add approximately 3,000 bpd of incremental oil production from 2027 at the Golfinho field offshore Brazil.聽聽
News
April 11, 2025
Chevron Corp. was ordered to return nearly 1 million barrels of Venezuelan oil to Petroleos de Venezuela SA in a blow to the oil major, which was working to secure crude before wrapping up operations in the country when a U.S. sanctions deadline hits in May.
News
April 07, 2025
TGS has been awarded a shallow water ocean bottom node (OBN) acquisition contract in Trinidad. The 3D baseline contract is scheduled to commence in early Q3. The total duration of the survey is approximately 80 days.
News
April 04, 2025
Brazil鈥檚 state-controlled oil producer Petroleo Brasileiro SA said it has finished building a wildlife rescue center, fulfilling a final requirement by Ibama as it seeks approval to drill an exploratory well in a promising region offshore the country鈥檚 Northern state.
News
April 02, 2025
Chevron Corp., YPF SA and other oil drillers are planning a major Argentine pipeline to handle rising output from the Vaca Muerta shale region. The pipeline is seen as integral to starting production from several fields.
News
April 02, 2025
Colombia鈥檚 state-owned Ecopetrol SA is considering buying Carlyle Group鈥檚 oil driller in the nation as it looks to boost reserves and output. "We were invited to the process and are analyzing the option,鈥 said Rafael Guzman, Ecopetrol鈥檚 VP of hydrocarbons in an interview.
News
March 31, 2025
The Trump administration revoked permits and waivers allowing Western energy firms to operate in Venezuela, three people familiar with the issue said Saturday. The move further isolates Venezuelan President Nicolas Maduro from the world oil market.聽
News
March 28, 2025
Woodside has entered into an agreement with Perenco to divest its Greater Angostura assets in Trinidad and Tobago for $206 million. The divestment is inclusive of Woodside鈥檚 interest in the shallow water Angostura and Ruby offshore oil and gas fields, associated production facilities and the onshore terminal.
News
March 26, 2025
In addition to integrated execution, the project will utilize Subsea 2.0庐 configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first oil.
Article
March 2025
While still the dominant player, Petrobras may see its market share decrease as new companies enter the country. Brazil's oil production should increase, due to development in subsalt regions and new acreage. Ethanol will gain market share from gasoline in Brazil, with significant growth in ethanol demand anticipated.聽
News
March 21, 2025
Shell Brasil, a subsidiary of Shell plc, has taken the Final Investment Decision (FID) for Gato do Mato, a deepwater project in the pre-salt area of the Santos Basin, offshore Brazil. The development plan includes the installation of a FPSO vessel and is designed to produce up to 120,000 bopd.
News
March 20, 2025
The Trump administration is poised to extend Chevron Corp.鈥檚 deadline to halt its Venezuela operations for at least another 30 days, following lobbying efforts by the Texas-based oil giant, people familiar with the matter said.
News
March 18, 2025
Malaysia鈥檚 Petronas is evaluating a sale of its shale oil asset in Argentina, a move that would complete its exit from the country鈥檚 booming Vaca Muerta fields as several international drillers also look to divest from the region.