News
November 14, 2025
Colombia’s tax authority has ruled out freezing Ecopetrol’s assets amid a $3 billion VAT dispute tied to fuel imports. The state oil producer says it sees strong chances of overturning the claim, as shares rose on stronger-than-expected Q3 earnings.
News
November 14, 2025
Frontera Energy Corp. plans to separate its Colombian infrastructure assets into a new independent company—Frontera Infrastructure—leaving Frontera Exploration & Production (E&P) as a focused, pure-play upstream operator.
News
November 12, 2025
Vista Energy plans to nearly double shale output in Argentina by 2030 as President Javier Milei advances sweeping reforms to boost investment and competitiveness in the Vaca Muerta basin. CEO Miguel Galuccio said tax and labor changes could unlock major gains for Argentina’s growing shale sector.
News
November 11, 2025
TotalEnergies has signed a production sharing contract with QatarEnergy and Petronas for Block S4 offshore Guyana, becoming operator of the 1,788 km² shallow-water block. The partnership marks TotalEnergies’ entry as an operator in Guyana and supports its strategy to explore low-cost, low-emission resources in a prolific hydrocarbon basin.
News
November 10, 2025
TMC Compressors has been awarded a contract by MODEC to supply a marine compressed air system for the Gato do Mato FPSO offshore Brazil, part of the Shell-operated Orca Project, which will produce 120,000 bopd in 2,000 meters of water.
News
November 07, 2025
Petrobras will begin production from the P-78 FPSO at Brazil’s Buzios field in December, expanding output from the world’s largest deepwater oil field. The new platform adds 180,000 bopd of capacity, supporting Petrobras’s continued growth in pre-salt production.
News
November 06, 2025
Petrobras has increased production from Brazil’s massive Buzios deepwater field to 1 million bpd, reinforcing its position as a top non-OPEC oil supplier.
News
November 04, 2025
Petrobras’ plan to divest shallow-water oil fields has been derailed after Brazil’s regulator, ANP, denied testing needed to restart production at 13 sites. The decision forces the state oil firm to absorb costly decommissioning as global oil prices weaken.
News
November 04, 2025
EnerMech has announced a multi-year strategic investment across its Americas operations—spanning the U.S., Guyana, Trinidad & Tobago, Suriname, and Mexico—to strengthen local capability, expand leadership, and capture growth in LNG and offshore pre-commissioning markets.
News
October 31, 2025
ExxonMobil reported Q3 2025 earnings of $7.5 billion and record upstream production of 4.8 million boed, led by new output from Guyana’s Yellowtail project and record volumes in the Permian basin. The company also took FID on Hammerhead and expanded its Permian acreage with a Sinochem acquisition.
News
October 30, 2025
bp is advancing appraisal planning for its significant Bumerangue hydrocarbon discovery in the pre-salt Santos basin offshore Brazil, confirming a 1,000-meter gross hydrocarbon column with high-quality oil and liquids-rich gas condensate. The company expects appraisal activities to begin in early 2027.
News
October 28, 2025
Maersk Supply Service and Maritime Developments Ltd. (MDL) have completed a complex deepwater riser installation at Brazil’s Mero field using MDL’s largest offshore spread, advancing Petrobras’ pre-salt development.
News
October 22, 2025
Brazil’s latest oil auction signaled a revival in offshore exploration, with Petrobras, Equinor, and Chinese firms among the winners. The pre-salt round saw five of seven blocks awarded, underscoring renewed deepwater interest despite soft crude prices and cautious global spending.
News
October 21, 2025
Galp Energia is expanding upstream exploration in frontier markets such as Namibia and São Tomé and Príncipe amid resilient global oil demand. “The world has changed,” said a board member on Tuesday. “The energy transition is happening, but Europe still needs fossil fuels.”
News
October 21, 2025
Brazil’s state-run Petrobras has received environmental approval to begin drilling its first exploration well in the Foz do Amazonas basin after years of regulatory delay. The project could open a new offshore frontier comparable to Guyana’s oil-rich plays, as Brazil seeks to sustain output beyond 2030.
News
October 17, 2025
GeoPark has finalized its acquisition of the Loma Jarillosa Este and Puesto Silva Oeste blocks from Pluspetrol in Argentina’s Vaca Muerta formation, marking its formal entry as operator in one of South America’s most productive unconventional oil regions.
News
October 16, 2025
Equinor and partners ExxonMobil, Petrogal Brasil, and PPSA have started production from the Bacalhau field in Brazil’s Santos basin. With recoverable reserves exceeding 1 billion boe and a 220,000 bpd FPSO, Bacalhau is Equinor’s largest international project.
News
October 15, 2025
Halliburton has secured multiple contracts from Petrobras to deliver completion, stimulation, and safety valve services across Brazil’s deepwater fields. The projects, starting in 2026, will deploy Halliburton’s SmartWell® and EcoStar® technologies.
News
October 10, 2025
Equinor is preparing to begin production at its $8 billion Bacalhau project offshore Brazil, following delays at one of the largest deepwater developments in the company’s portfolio. The ultra-deep pre-salt field is expected to produce up to 220,000 bpd.
News
October 09, 2025
Chevron is preparing to drill the Korikori-1 exploration well this month, according to Suriname's state-owned oil company Staatsolie. Drilling is expected to last around 90 days and will target potential hydrocarbon accumulations in the shallow offshore zone of the Suriname-Guyana basin.
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.
