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.
News
April 09, 2026
Subsea7 has secured a SURF contract worth at least $1.25 billion for Petrobras' Sépia 2 pre-salt development in Brazil’s Santos basin, covering engineering, procurement, installation and pre-commissioning for 17 wells.
News
April 09, 2026
ConocoPhillips has sent a team to Venezuela to evaluate potential oil and gas opportunities, signaling renewed interest in the country’s vast reserves as U.S. companies assess a possible return after years of asset seizures.
News
April 07, 2026
SLB OneSubsea and Subsea7 have signed a collaboration agreement with PETRONAS Suriname to accelerate offshore subsea developments, enabling early engagement and integrated EPCIC delivery across multiple projects.
News
December 15, 2025
TGP Brazil is marking 20 years of delivering project logistics services across South America, supporting oil and gas, mining and infrastructure developments.
News
April 07, 2026
Colombia’s Ecopetrol has avoided potential operational disruption after its main oil workers union dropped a strike threat following the CEO’s departure, easing near-term risks to production.
News
April 07, 2026
Hunting has secured $63.5 million in subsea orders for a Guyana offshore development, supplying titanium stress joints for FPSO applications as activity continues to ramp up in one of the world’s fastest-growing deepwater regions.
News
April 06, 2026
Halliburton partners with PETRONAS and Valaris to support offshore development in Suriname, aligning drilling and subsurface planning early in the project lifecycle.
News
April 06, 2026
Valaris extends its DS-4 drillship contract with Petrobras offshore Brazil, adding $447 million in backlog and securing deepwater work into 2030.
News
April 03, 2026
A Brazil-based deepwater driller sees rising investment in Latin American offshore projects as geopolitical risks in the Middle East shift focus toward more stable regions.
News
April 02, 2026
Transocean adds $1 billion in backlog through Brazil deepwater drillship extensions and a Norway semisubmersible contract, while accelerating debt reduction.
News
April 02, 2026
Constellation extends key offshore drilling contracts with Petrobras, adding $1.1 billion in backlog and securing long-term utilization for deepwater rigs in Brazil.
News
April 01, 2026
New Fortress Energy signs a long-term lease for its TGS LNG import terminal in Brazil, positioning the asset for steady cash flow and future gas-to-power growth.
News
March 30, 2026
Mercuria-backed Phoenix Global Resources is preparing a $6 billion expansion in Argentina’s Vaca Muerta shale, as President Javier Milei’s RIGI incentives boost investor confidence and accelerate drilling activity, positioning the basin as a growing contributor to global oil supply.
News
March 30, 2026
Eco Atlantic Oil & Gas has appointed Keith Hill as non-executive chairman following its annual general meeting, as the company advances its offshore exploration strategy across the Atlantic Margins and strengthens its leadership team during a period of portfolio development.
