News
February 20, 2026
Ecopetrol reported 1.94 Bboe in proved reserves at year-end 2025 and a 121% reserve replacement ratio, driven by enhanced recovery projects and improved field performance across key Colombian assets. The company’s average reserve life now stands at 7.8 years.
News
February 19, 2026
Guyana is ramping up infrastructure, gas-to-shore and economic diversification efforts as offshore oil production surges from Exxon-operated fields. President Irfaan Ali says the country aims to avoid the resource curse while accelerating long-term growth.
News
February 18, 2026
Brava Energia has been authorized to proceed with the transfer of a 37.5% stake in Brazil’s offshore Papa-Terra field, subject to arbitration conditions and regulatory approvals including Brazil’s ANP.
News
February 18, 2026
Venezuela’s oil production could increase by 30%–40% in 2026, or roughly 300,000–400,000 bpd, according to the U.S. energy secretary, as renewed operating licenses and growing international interest support efforts to revive the country’s upstream sector.
News
February 17, 2026
Guyana is moving forward with a second gas-to-shore project to transport natural gas from offshore fields for power generation and industrial development, supporting efforts to diversify its energy economy beyond oil.
News
February 17, 2026
Fulkrum has opened a Bogotá office to support upstream oil and gas and new energy projects across Colombia and South America, providing inspection, technical staffing and asset integrity services.
News
February 12, 2026
YPF, Eni and XRG have signed a joint development agreement to advance the 12-MMtpa Argentina LNG project linked to the Vaca Muerta shale, targeting FEED work and a potential final investment decision in 2026.
News
February 11, 2026
The U.S. has issued a general license allowing oilfield service companies to resume limited operations in Venezuela, signaling a further easing of sanctions aimed at restoring crude production and rebuilding the country’s oil infrastructure.
News
February 10, 2026
Can Venezuela rebuild its oil sector without repeating the mistakes of the past? In this exclusive Op-Ed, Texas Railroad Commissioner Wayne Christian argues that a transparent, market-driven regulatory model—not OPEC-style centralized control—offers the most credible path to restoring investment, stability and long-term production growth in the world’s largest resource base.
News
February 09, 2026
Interoil has completed its exit from conventional operations in Argentina, divesting Santa Cruz Sur and La Brea assets as it shifts focus toward non-conventional opportunities and disciplined capital allocation.
News
February 06, 2026
Brazil’s ANP has authorized Petrobras to resume drilling in the Foz do Amazonas offshore frontier following a temporary suspension, reopening one of Brazil’s most closely watched exploration campaigns.
News
February 05, 2026
ConocoPhillips says recovering billions from past Venezuela expropriations will take priority over new drilling, highlighting ongoing financial and political hurdles facing foreign investment in the country’s oil sector.
News
February 04, 2026
Oil production growth in South America will continue to be driven by Brazil, Guyana and Argentina through at least 2030, with Venezuela’s recovery constrained by project economics, crude quality and investment risk, according to Rystad Energy.
News
February 03, 2026
The U.S. government is preparing to issue a general license to allow companies with U.S. ties to restart oil production in Venezuela, easing sanctions and supporting revival of the country’s upstream sector.
News
January 28, 2026
Venezuela’s proposed hydrocarbons law is drawing criticism from investors, unions and U.S. officials as the interim government seeks to revive oil production while balancing political resistance and investor concerns.
News
January 28, 2026
GeoPark has renewed and expanded its crude offtake and prepayment agreement with Vitol, covering 100% of production from key Llanos basin blocks in Colombia and providing access to up to $500 million in flexible funding through 2028.
News
January 23, 2026
The U.S. is working with Chevron and major oilfield service companies to pursue rapid well repairs and equipment upgrades aimed at lifting Venezuela oil output in the near term.
News
January 22, 2026
The U.S. has no plans to provide physical or financial security guarantees to oil companies planning to operate in Venezuela, Energy Secretary Chris Wright said, underscoring ongoing investment risk concerns in the country’s oil sector.
News
January 21, 2026
Argentina posted its largest energy trade surplus in more than three decades in 2025, as rising oil and gas production from the Vaca Muerta shale drove a sharp increase in exports and strengthened the country’s upstream outlook.
News
January 21, 2026
Halliburton says it can restart oilfield operations in Venezuela within weeks if U.S. approval and payment protections are secured, CEO Jeff Miller said.
