News
September 25, 2025
TechnipFMC has secured a substantial contract from ExxonMobil Guyana to deliver subsea production systems for the Hammerhead development in the Stabroek Block, marking its seventh greenfield award in the country since 2017.
News
September 25, 2025
GeoPark has acquired operated interests in the Loma Jarillosa Este and Puesto Silva Oeste blocks in Argentina’s Vaca Muerta shale from Pluspetrol, adding 12,300 acres, immediate production and growth to 20,000 boed by 2028.
News
September 25, 2025
SLB has secured a major Petrobras contract for up to 35 ultra-deepwater wells in Brazil’s Santos Basin Atapu and Sépia fields, deploying advanced electric completions and digital technologies to enhance production and reservoir management.
News
September 24, 2025
Suriname’s government is negotiating with bondholders to delay debt repayments until offshore oil revenues begin in 2028. With TotalEnergies set to tap 760 million barrels of reserves, the economy aims to stabilize finances and attract investment while preparing for its first crude output.
News
September 24, 2025
Enverus has launched its Global Research platform, expanding oil and gas intelligence worldwide. The first report spotlights Argentina’s Vaca Muerta shale, revealing discounted M&A opportunities compared to U.S. shale assets, alongside production trends and inventory insights.
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.
