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’s 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’s 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’s state-owned Ecopetrol SA is considering buying Carlyle Group’s oil driller in the nation as it looks to boost reserves and output. "We were invited to the process and are analyzing the option,” said Rafael Guzman, Ecopetrol’s 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.
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’s 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® 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.
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.’s 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’s Petronas is evaluating a sale of its shale oil asset in Argentina, a move that would complete its exit from the country’s booming Vaca Muerta fields as several international drillers also look to divest from the region.
News
March 18, 2025
STRYDE has announced the first sale of its Mini Seismic System in Latin America to Colombian company Energy Geophysical Services SAS (EGS). EGS previously deployed STRYDE’s seismic technology across its oil and gas exploration surveys in 2024.
News
March 17, 2025
Chevron Corp. bought nearly 5% of Hess Corp. as a show of confidence that it will win the arbitration battle with ExxonMobil Corp. that has delayed the Hess takeover for more than a year. The stake is worth about $2.3 billion at today’s price.
News
March 13, 2025
Venezuelan oil contractors are continuing their work with Chevron Corp. and have not been warned of an impending shutdown despite a U.S. government deadline to stop producing oil there by early April.
News
March 11, 2025
(WO) - Day two of CERAWeek by S&P Global held many energetic discussions. Notably, a luncheon and dialogue between S&P Global Vice Chairman Daniel Yergin and Guyana’s President and Commander-in-Chief H.E. Dr. Mohamed Irfaan Ali, shed light on what has fueled the nation’s rapid economic growth, and what’s to come.
News
March 11, 2025
Ecuador President Daniel Noboa’s plan to revitalize the nation’s biggest oil field is crumbling as he scrambles to secure re-election. Since striking a deal last year to hand Ecuador’s Sacha field to Sinopetrol, Noboa has faced mounting criticism over his handling of the deal.
News
March 06, 2025
Ecuador’s President Daniel Noboa has ordered a consortium seeking to take over the nation’s top oil asset to pay an entry fee of $1.5 billion by March 11, moving up the deadline by more than three weeks. Noboa has warned he will cancel the deal without the early payment.
News
March 04, 2025
The U.S. Treasury followed through on President Trump’s pledge to stop Chevron's operations in Venezuela, delivering a major blow to Nicolas Maduro’s autocratic regime. Chevron has ramped up production in recent years to supply about 20% of Venezuela's overall output.
News
March 03, 2025
EnerMech has been selected to carry out pre-commissioning work on the ONE GUYANA FPSO for Guyana Deepwater Operations, SBM Offshore’s subsidiary in Guyana. The FPSO is set to arrive in Guyanese waters this year.
News
February 28, 2025
Colombia’s President Gustavo Petro is expected to name Edwin Palma as the nation’s new energy minister. Palma, the former head of Colombia’s main oil workers union, will have to pursue Petro’s pledge to reduce the nation's dependence on fossil fuels.
News
February 28, 2025
Equinor ASA has discussed selling stakes in Argentine shale oil assets to its joint venture partner, state-run oil company YPF SA. According to a person familiar with the matter, Equinor, Norway’s biggest oil company, has started a process to value and assess the assets.
