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.
News
March 27, 2026
A U.S. appeals court has overturned a $16.1 billion judgment against Argentina tied to the nationalization of oil company YPF, marking a significant legal and financial shift in one of the industry’s largest compensation disputes.
News
March 27, 2026
Equinor has launched drilling operations for the Raia project in Brazil’s Campos basin, a major pre-salt gas development expected to supply up to 16 MMcm/d and support the country’s energy demand by 2028.
News
March 26, 2026
Petrobras has confirmed a new pre-salt oil discovery in the Campos basin offshore Brazil, identifying high-quality hydrocarbons at the Marlim Sul field as part of efforts to rebuild reserves in mature areas.
News
March 25, 2026
Foresea has secured a $465 million contract from Petrobras to operate the ultra-deepwater drillship ODN I offshore Brazil, supporting development activity in the Mero field.
News
March 24, 2026
Hedge funds and oil company executives are meeting in Venezuela as the government signals a push to reopen the economy and revive upstream investment, with sanctions relief and PDVSA restructuring key to unlocking production growth.
News
March 24, 2026
SBM Offshore has secured FEED contracts for ExxonMobil’s Longtail FPSO offshore Guyana, advancing a major gas-condensate development with high processing capacity and continued expansion of the region’s deepwater production.
Article
March
From record-shattering pre-salt output and a landmark OPEC+ debut, to a $109 billion investment mandate and the contradictions of hosting COP30, Brazil’s hydrocarbons sector has entered one its most consequential chapters. This report examines the defining decisions of the past 12 months, and charts the terrain for the year ahead.
News
March 20, 2026
Brazil President Luiz Inácio Lula da Silva said Petrobras and Pemex could partner on deepwater oil exploration in the Gulf of Mexico, as Mexico seeks to revive production and Petrobras looks to expand internationally.
News
March 18, 2026
Petrobras has confirmed a new deepwater gas discovery at the Copoazu-1 well in Colombia’s offshore GUA-OFF-0 Block, expanding the region’s gas potential and supporting long-term energy supply through continued exploration activity.
News
March 18, 2026
Baker Hughes has secured a long-term services agreement with Petrobras to support up to 64 aeroderivative gas turbines across Brazil’s offshore FPSO fleet and a major refinery, strengthening reliability and local supply chain capabilities.
News
March 17, 2026
Petrobras plans to acquire Petronas’ 50% stake in the Tartaruga Verde and Espadarte Module III fields in Brazil’s Campos basin for $450 million, consolidating full ownership and strengthening its offshore production portfolio.
News
March 16, 2026
ExxonMobil and Halliburton have completed the industry’s first fully closed-loop automated geological well placement offshore Guyana, integrating rig automation, automated geosteering and real-time drilling optimization to improve well construction efficiency and reservoir contact.
News
March 12, 2026
Gas injection has begun on the Petrobras P-78 FPSO at the Búzios field offshore Brazil, marking another milestone for one of the largest deepwater developments in the Santos basin.
News
March 12, 2026
Oceânica Engenharia has secured $736 million in long-term offshore service contracts with Petrobras, covering subsea support vessels and ROV operations for inspection, maintenance and intervention work through 2031.
News
March 11, 2026
Eco Atlantic has agreed to acquire JHI Associates in a deal valued at about $52 million, gaining offshore exploration interests in the North Falkland basin and Guyana’s Canje block.
News
March 11, 2026
Guyana is advancing a 25,000-sq-km offshore multi-client seismic survey supported by Viridien to improve subsurface data, de-risk exploration and support future licensing rounds in the Guyana basin.
News
March 11, 2026
TotalEnergies has started production from the Lapa South-West project in Brazil’s Santos basin, adding 25,000 bpd through new wells tied back to the existing Lapa FPSO as the company expands its offshore portfolio.
News
March 10, 2026
Frontera Energy is moving ahead with a $525 million deal to sell its Colombian upstream assets to Parex Resources after GeoPark declined to match the rival bid, clearing the way for a major shift in Colombia’s independent oil and gas landscape.
News
March 06, 2026
Petrobras reported net income of $19.6 billion in 2025 as oil and gas production increased 11% to nearly 3 MMboed, supported by new FPSOs in Brazil’s Búzios and Mero fields.
News
March 06, 2026
Parex Resources has submitted a $500 million bid to acquire Frontera Energy’s upstream oil and gas assets in Colombia, a proposal the company says is superior to its previously announced transaction with GeoPark.
