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.
News
September 02, 2025
TechnipFMC has been awarded two subsea contracts by Petrobras for flexible pipe solutions. The first award involves the design, engineering, and manufacturing of flexible gas injection risers in the Santos basin, while the second award involves flexible risers and flowlines for deployment in the Campos basin.
News
September 01, 2025
Voters in Guyana headed to the polls to decide whether to reelect President Irfaan Ali or back rivals pledging to squeeze more wealth from ExxonMobil’s offshore oil fields, even as troops came under fire from across the Venezuelan border.
News
August 28, 2025
Oceaneering has won contracts to provide work class remotely operated vehicle (ROV) services, specialized tooling packages, and survey services onboard multiple anchor handling and ROV support vessels working on Petrobras projects offshore Brazil.
News
August 27, 2025
When completed, FLNG Hilli Episeyo will be redeployed in the Gulf of San Matias in the Rio Negro province offshore Argentina, liquifying gas from the Vaca Muerta shale formation onshore in Neuquen province for 20 years.
News
August 27, 2025
During a state visit to Brasilía this week, Nigerian President Bola Tinubu welcomed Petrobras’s planned re-entry into the Nigerian market. The two countries signed five Memoranda of Understanding, signaling a shift from symbolic ties to practical, high-impact collaboration.
News
August 22, 2025
Perupetro on Friday announced a new strategy to increase hydrocarbons exploration in order to boost its domestic natural gas reserves. From 2037, Peru could be forced to import natural gas due to a decline in exploration and new discoveries.
News
August 22, 2025
The Trump administration is withholding approval for several Western oil majors seeking to operate in Venezuela, ramping up pressure on Nicolás Maduro’s government even as Chevron is allowed to work there, according to people familiar with the matter.
News
August 20, 2025
A new study by the Brazilian Institute of Oil and Gas (IBP) highlights the oil and gas sector’s importance in financing public policies in Brazil, with analysis showing over BRL 325 billion ($59 billion USD) generated in 2023 for local governments.
News
August 19, 2025
Indonesia Energy Corp. (IEC) has signed an MOU with Aguila Energia e Participações Ltda. (AEP). The MOU establishes a collaborative framework for the companies to evaluate and pursue potential oil and gas opportunities in Brazil.
News
August 18, 2025
Brazilian oil company Prio said Monday that the local regulator, ANP, has mandated a production halt at the Peregrino FPSO due to necessary improvements in risk management documentation and adjustments to the deluge system, according to a Reuters report.
