News
March 18, 2025
Malaysia’s Petronas is evaluating a sale of its shale oil asset in Argentina, a move that would complete its exit from the country’s booming Vaca Muerta fields as several international drillers also look to divest from the region.
News
March 18, 2025
STRYDE has announced the first sale of its Mini Seismic System in Latin America to Colombian company Energy Geophysical Services SAS (EGS). EGS previously deployed STRYDE’s seismic technology across its oil and gas exploration surveys in 2024.
News
March 17, 2025
Chevron Corp. bought nearly 5% of Hess Corp. as a show of confidence that it will win the arbitration battle with ExxonMobil Corp. that has delayed the Hess takeover for more than a year. The stake is worth about $2.3 billion at today’s price.
News
March 13, 2025
Venezuelan oil contractors are continuing their work with Chevron Corp. and have not been warned of an impending shutdown despite a U.S. government deadline to stop producing oil there by early April.
News
March 11, 2025
(WO) - Day two of CERAWeek by S&P Global held many energetic discussions. Notably, a luncheon and dialogue between S&P Global Vice Chairman Daniel Yergin and Guyana’s President and Commander-in-Chief H.E. Dr. Mohamed Irfaan Ali, shed light on what has fueled the nation’s rapid economic growth, and what’s to come.
News
March 11, 2025
Ecuador President Daniel Noboa’s plan to revitalize the nation’s biggest oil field is crumbling as he scrambles to secure re-election. Since striking a deal last year to hand Ecuador’s Sacha field to Sinopetrol, Noboa has faced mounting criticism over his handling of the deal.
News
March 06, 2025
Ecuador’s President Daniel Noboa has ordered a consortium seeking to take over the nation’s top oil asset to pay an entry fee of $1.5 billion by March 11, moving up the deadline by more than three weeks. Noboa has warned he will cancel the deal without the early payment.
News
March 04, 2025
The U.S. Treasury followed through on President Trump’s pledge to stop Chevron's operations in Venezuela, delivering a major blow to Nicolas Maduro’s autocratic regime. Chevron has ramped up production in recent years to supply about 20% of Venezuela's overall output.
News
March 03, 2025
EnerMech has been selected to carry out pre-commissioning work on the ONE GUYANA FPSO for Guyana Deepwater Operations, SBM Offshore’s subsidiary in Guyana. The FPSO is set to arrive in Guyanese waters this year.
News
February 28, 2025
Colombia’s President Gustavo Petro is expected to name Edwin Palma as the nation’s new energy minister. Palma, the former head of Colombia’s main oil workers union, will have to pursue Petro’s pledge to reduce the nation's dependence on fossil fuels.
News
February 28, 2025
Equinor ASA has discussed selling stakes in Argentine shale oil assets to its joint venture partner, state-run oil company YPF SA. According to a person familiar with the matter, Equinor, Norway’s biggest oil company, has started a process to value and assess the assets.
News
February 26, 2025
U.S. President Donald Trump said he plans to revoke an oil license to operate in Venezuela, citing the country’s failure to take back migrants to the U.S. as quickly as it promised. Under the terms of the license, Chevron would have to exit Venezuela by the end of July.
News
February 26, 2025
TDI-Brooks has effectively and safely carried out a third-party geotechnical coring project for Geohidra. This operation was conducted from the Dragon Field to the Hibiscus platform off the coast of Venezuela and Trinidad, aboard the Dona Jose II (DJII).
News
February 25, 2025
Brazilian regulators are cracking down on some offshore drilling by oil giants like Petrobras and Equinor ASA, complicating exploration and production projects at a key moment in the nation’s effort to boost crude output.
News
February 24, 2025
Chevron's presence in Venezuela has helped lift the nation’s crude production back above 1 million bpd, in turn boosting the local economy. Now U.S. President Trump is poised to leverage this to get what he wants from Venezuelan President Nicolás Maduro.
News
February 21, 2025
The African Export-Import Bank (Afreximbank) has announced plans to establish a $1 billion oil service financing facility in Guyana. This initiative aims to enhance local participation in the country’s fast growing oil industry, in alignment with the government's local content policies.
News
February 20, 2025
Ecopetrol SA sees “great potential” for E&P activity in Colombia alongside bets on U.S. fracing and offshore gas. Ecopetrol has full ownership of the CPO-09 block in Colombia's oil-rich eastern plains after completing its $452 million acquisition of Repsol SA’s 45% stake.
News
February 20, 2025
Exxon Mobil Corp. outlined plans to increase natural gas production from Guyana and is considering export options, country manager Alistair Routledge said, citing pressure from the government to do more with the natural gas that’s found alongside its crude.
News
February 19, 2025
SBM Offshore announced that its FPSO Almirante Tamandaré is formally on hire as of February 16, 2025 after achieving first oil and the completion of a 72-hour continuous production test leading to Final Acceptance.
News
February 17, 2025
Petrobras began production from the FPSO Almirante Tamandaré (Búzios 7) on Feb. 15, 2025 in the Búzios field, located in the pre-salt layer of the Santos Basin. This is the first high-capacity unit to be installed in the field, with the potential to produce up to 225,000 bpd.
News
February 13, 2025
Petrobras has requested authorization from Brazil’s environment protection agency to prepare a drilling rig for work at a disputed offshore exploration project, a sign that the state-controlled producer is optimistic about overcoming licensing hurdles.
