News
October 09, 2025
Sintana Energy Inc. has agreed to acquire Challenger Energy Group PLC in an all-share transaction valued at approximately C$83.6 million. The deal expands Sintana’s high-impact offshore exploration footprint in Uruguay and Namibia.
News
October 08, 2025
Shell is preparing to restart development work on Venezuela’s offshore Dragon gas field, a key step toward resuming natural gas exports to Trinidad and Tobago, pending U.S. authorization expected in the coming weeks.
News
October 06, 2025
Forum Energy Technologies (FET) has secured a contract from long-term client DOF for the delivery of a work-class remotely operated vehicle (ROV) and tether management system to support subsea operations offshore Brazil.
News
October 03, 2025
Transocean Ltd. has announced new contract fixtures totaling $243 million in firm backlog for two ultra-deepwater drillships. bp exercised a 365-day option for the Deepwater Atlas in the U.S. Gulf, while Petrobras exercised a 30-day option for the Deepwater Mykonos offshore Brazil.
News
October 01, 2025
Elea Data Centers has secured a R$2.3 billion (US$500 million) contract from Petrobras to build a large-scale, renewable-powered data center in São Paulo. The 17-year agreement is being described as the largest IT infrastructure award of its kind in Latin America.
News
September 25, 2025
TechnipFMC has secured a substantial contract from ExxonMobil Guyana to deliver subsea production systems for the Hammerhead development in the Stabroek Block, marking its seventh greenfield award in the country since 2017.
News
September 25, 2025
GeoPark has acquired operated interests in the Loma Jarillosa Este and Puesto Silva Oeste blocks in Argentina’s Vaca Muerta shale from Pluspetrol, adding 12,300 acres, immediate production and growth to 20,000 boed by 2028.
News
September 25, 2025
SLB has secured a major Petrobras contract for up to 35 ultra-deepwater wells in Brazil’s Santos Basin Atapu and Sépia fields, deploying advanced electric completions and digital technologies to enhance production and reservoir management.
News
September 24, 2025
Suriname’s government is negotiating with bondholders to delay debt repayments until offshore oil revenues begin in 2028. With TotalEnergies set to tap 760 million barrels of reserves, the economy aims to stabilize finances and attract investment while preparing for its first crude output.
News
September 24, 2025
Enverus has launched its Global Research platform, expanding oil and gas intelligence worldwide. The first report spotlights Argentina’s Vaca Muerta shale, revealing discounted M&A opportunities compared to U.S. shale assets, alongside production trends and inventory insights.
News
September 24, 2025
ExxonMobil and Petrobras have raised competition concerns over the planned merger of Saipem and Subsea 7 into Saipem7. The companies warn the $21 billion deal could limit subsea pipeline installation options, drive up costs, and reduce supplier diversity in offshore projects.
News
September 23, 2025
TechnipFMC has secured a significant subsea production systems contract with Petrobras, valued between $75–$250 million. The award covers new offshore developments, brownfield expansions, and revitalizations in Brazil, with all systems manufactured locally.
News
September 22, 2025
ExxonMobil has approved the $6.8 billion Hammerhead development offshore Guyana, marking its seventh project in the Stabroek block. The development will add 150,000 bopd starting in 2029, boosting total block capacity to 1.5 million bopd.
News
September 19, 2025
Trinidad and Tobago has officially closed its 2025 Deepwater Competitive Bidding Round, launched in January and featuring 26 offshore blocks. CNOOC International submitted bids for three blocks, while the STIT Energy–GROUNDPORTS consortium bid on one.
News
September 19, 2025
Chevron, Anadarko, and Westlawn have partnered to explore offshore blocks in Peru’s Trujillo Basin, signing modified license agreements with Perupetro. The consortium plans to analyze 6,018 km² of seismic data, with exploratory drilling targeted after 2026 that could unlock up to 150,000 bpd of oil production.
News
September 19, 2025
Colombia’s Ecopetrol is seeking oil and gas deals in Brazil, with a focus on Petrobras’s Bahia Terra onshore cluster and other exploration opportunities in the Potiguar and Reconcavo basins.
News
September 17, 2025
Weatherford International plc has been awarded a three-year, $147 million contract by Petrobras to deliver Tubular Running Services (TRS) across the company’s offshore drilling operations in Brazil.
News
September 17, 2025
Baker Hughes has secured a multi-year agreement with Petrobras to extend deployment of the Blue Marlin and Blue Orca stimulation vessels, supporting production optimization across Brazil’s offshore pre- and post-salt fields.
News
September 12, 2025
Petrobras has acquired a 27.5% interest in offshore Block 4 in São Tomé and Príncipe, reinforcing its upstream exploration strategy in Africa. The acquisition places Petrobras in a consortium led by Shell (30%), alongside Galp (27.5%) and ANP-STP (15%).
News
September 11, 2025
Argentina’s Vaca Muerta shale remains resilient despite political and economic risks, according to President Javier Milei’s top oil and gas official.
News
September 04, 2025
PRIO SA, Brava Energia and BW Energy are considering buying Petronas' stake in the Brazilian oil field Tartaruga Verde to expand in Latin America’s largest producing country, according to people familiar with the matter.
