News
December 04, 2025
Chevron is continuing routine flights to Venezuelan oil sites despite U.S. airspace warning, with the company stressing full regulatory compliance and prioritizing worker safety amid heightened regional navigation risks.
News
December 04, 2025
Chevron has unveiled a 2026 capex budget of $18–$19 billion, with major spending directed toward U.S. shale, offshore growth in Guyana and the Gulf, and lower-carbon investments.
News
December 02, 2025
Acteon’s InterMoor has landed a three-year Petrobras contract to deliver advanced mooring integrity and digital inspection services across Brazil, strengthening lifecycle management for critical offshore infrastructure.
News
December 02, 2025
Wood’s Massy Wood JV has secured the brownfield EPC contract for bpTT’s Ginger gas development, advancing critical upgrades on the Juniper platform. The scope includes corrosion-protection enhancements and new methanol injection systems.
News
December 01, 2025
Argentina has reached its first long-term LNG sales agreement, marking a pivotal moment for Vaca Muerta’s gas ambitions. A producer consortium led by Pan American Energy will supply up to 2 MMtpa to Germany’s SEFE beginning in 2027.
News
November 28, 2025
Ecopetrol has approved a 2026 investment plan of $5.4–$6.6 billion, keeping spending steady as the company targets 730,000–740,000 boed next year. The plan prioritizes upstream activity, refinery reliability and gas development, while allocating 30% to energy-transition, transmission and infrastructure projects under a conservative $60 Brent outlook.
News
November 28, 2025
Petrobras reduced its five-year investment plan to $109 billion, citing weaker oil prices and shifting political pressures. The cut raises investor concerns over dividend yields as the Brazilian state-controlled producer prioritizes long-term offshore expansion.
News
November 27, 2025
Colombia’s election authority has fined Ecopetrol CEO Ricardo Roa and other officials from President Gustavo Petro’s 2022 campaign for exceeding spending limits, adding new scrutiny as prosecutors pursue parallel investigations into campaign financing.
News
November 26, 2025
Brazil’s environment minister says COP30’s push for a global fossil-fuel phaseout stalled partly because the U.S. skipped the summit—deepening political divides and weakening momentum behind a fossil-fuel road map.
News
November 25, 2025
Brazil’s Petrobras is likely to postpone awarding up to four drillship contracts for its giant Buzios field until 2026, as the operator reassesses reservoir data and contractors revise bids amid a soft offshore rig market and emerging global oil glut.
News
November 24, 2025
Suriname has opened 60% of its offshore acreage through a new Open-Door Offering aimed at accelerating exploration in the Guiana basin. The program includes flexible licensing options, competitive fiscal terms, and a new GeoPortal providing discounted access to seismic data.
News
November 21, 2025
Brazil is preparing a COP30 draft agreement that’s expected to omit any fossil fuel transition road map, setting up a major clash with more than 80 nations pushing for clearer commitments to move away from oil and gas.
News
November 19, 2025
Chevron CEO Mike Wirth signaled the company’s long-term commitment to Venezuela’s vast oil reserves, saying the major sees a future role in helping rebuild the nation’s energy economy once political conditions allow—even as U.S. pressure on the Maduro regime intensifies.
News
November 17, 2025
Petrobras has confirmed a new post-salt oil discovery in Brazil’s Campos basin, identifying high-quality crude at the Sudoeste de Tartaruga Verde block. The well has been drilled and logged, with lab analysis now underway to assess full reservoir potential.
News
November 17, 2025
TGS has kicked off its Pelotas Norte Phase I 3D multi-client survey offshore southern Brazil, covering 14,800 km² of largely unheld acreage ahead of upcoming bid rounds. A Ramform Titan-class vessel using GeoStreamer® technology will acquire data through Q3 2026.
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.
