News
May 07, 2026
In a keynote presentation at OTC 2026 on Wednesday, May 6, non-resident Fellow of the Baker Institute at Rice University, Luis Pacheco, investigated the changes necessary to see Venezuela’s declining oil output reverse course.
News
May 07, 2026
PetroTal raised its 2026 outlook and said it is preparing to resume development drilling at Peru’s Bretana field later this year as production stabilization efforts continue.
News
May 05, 2026
SES will provide satellite connectivity for seven new FPSO units operated by Petrobras, supporting offshore developments in Brazil scheduled to come online between 2026 and 2030.
News
May 05, 2026
Weatherford has secured managed pressure drilling contracts and a global aftermarket agreement with Noble, including MPD system deployments for offshore operations in Guyana and Nigeria.
News
May 04, 2026
Guyana’s President took the stage at OTC’s opening session—but instead of highlighting the country’s booming oil output, his wide-ranging remarks on energy transition, financing and “global energy balance” left attendees searching for a clearer message.
News
April 30, 2026
Eco Atlantic has advanced its acquisition of JHI Associates, positioning the company to secure a 35% interest in the PL001 offshore block in the Falkland Islands.
News
April 29, 2026
bp has signed an agreement with Venezuela to explore offshore natural gas, marking a renewed push by international companies into the country’s reopening energy sector.
News
April 29, 2026
Petrobras has acquired a stake in the Argonauta area of the Campos basin, increasing its ownership in the Jubarte pre-salt field and strengthening its offshore portfolio.
News
April 28, 2026
Eni has signed a deal with PDVSA to restart oil operations at Venezuela’s Junin-5 project, signaling continued momentum in reviving the country’s upstream sector.
News
April 28, 2026
Petro Victory’s SJ-12 well in Brazil’s Barreirinhas basin has confirmed stacked gas reservoirs with 72 meters of net pay, supporting further development of the São João field.
News
April 24, 2026
Argentina’s incentive program is expected to accelerate development of a $12-billion Vaca Muerta shale oil project, boosting production and investment in the country’s key basin.
News
April 23, 2026
Ecopetrol has agreed to acquire a stake in Brazil’s Brava Energia and plans a tender offer to secure a controlling interest, expanding its upstream portfolio and production base.
News
April 21, 2026
Saipem has secured early-stage SURF work on ExxonMobil’s Longtail project offshore Guyana, signaling continued momentum in one of the world’s fastest-growing deepwater basins.
News
April 20, 2026
Eni and Repsol have reached an agreement to expand Venezuela’s offshore Perla gas field, targeting LNG exports by 2031 as production ramps up and sanctions ease.
News
April 16, 2026
Petrobras shareholders vote on a new board this week as surging oil prices intensify pressure on Brazil’s fuel pricing policy. The outcome could shape how the state-controlled company balances political priorities with market realities.
News
April 14, 2026
Transocean has secured a $445 million contract extension with Petrobras for the Deepwater Corcovado drillship, extending operations offshore Brazil through 2030.
News
April 14, 2026
Petrobras has approved FID for its SEAP I project offshore Brazil, advancing a major FPSO-led development that could unlock over 1 billion boe and expand gas supply from a new frontier basin.
News
April 13, 2026
Chevron has expanded its heavy oil position in Venezuela through an asset swap with PDVSA, increasing its stake in Petroindependencia and advancing development in the Orinoco Belt.
News
April 13, 2026
Petrobras has confirmed a hydrocarbon discovery in a pre-salt exploration well in Brazil’s Campos basin, with further analysis underway to evaluate reservoir and fluid characteristics.
News
April 13, 2026
Halliburton has secured a multibillion-dollar contract from YPF to provide unconventional completions and electric fracturing services in Argentina’s Vaca Muerta shale play.
News
April 13, 2026
CoreMarine and Jumbo Offshore have secured a contract to install soft-yoke mooring systems and perform hook-up of FLNG vessels offshore Argentina, supporting the country’s growing gas export infrastructure.
