News
December 30, 2025
Venezuela has begun shutting oil wells in the Orinoco Belt as U.S. blockade measures halt crude flows, forcing PDVSA to cut production by an estimated 25% due to storage constraints.
News
December 29, 2025
U.S. ports are receiving Venezuelan crude despite a partial maritime blockade, with several Chevron-chartered tankers successfully unloading cargo and more en route. The activity highlights Chevron’s continued ability to move oil under its U.S. license as geopolitical tensions escalate and foreign vessels remain stalled offshore.
News
December 29, 2025
Frontera Energy has signed a $120 million prepayment and commercial agreement with Chevron, supporting Colombian crude deliveries and bolstering liquidity as it replaces an expiring deal.
News
December 23, 2025
As offshore oil and gas activity expands across the Caribbean, investment in shore bases and specialized ports is becoming essential to project execution. From Guyana and Trinidad to Suriname, logistics hubs are increasingly shaping timelines, costs, and operational reliability for deepwater developments.
News
December 17, 2025
Vista Energy is seeking shareholder approval to pursue new acquisitions in Argentina’s Vaca Muerta shale, potentially funded through an equity issuance.
News
December 17, 2025
Brazil, Guyana and Argentina are set to drive nearly half of global crude oil production growth in 2026, according to the latest EIA outlook, underscoring the rising influence of non-OPEC+ supply from deepwater and shale developments.
News
December 15, 2025
Chevron has lowered prices for Venezuelan crude sold to U.S. refiners after a tanker seizure in the Caribbean added pressure to an already weak Gulf Coast market. The move comes amid heightened U.S. enforcement actions and softer global oil prices.
News
December 11, 2025
Brazilian oil production is rebounding after platform outages slashed more than 300,000 bpd in November. ANP data shows volumes already recovering, underscoring how output swings from mega-FPSOs can complicate global supply forecasts as OPEC, IEA and major traders diverge on the 2026 market outlook.
News
December 10, 2025
Chevron CEO Mike Wirth says the company is in discussions with the Trump administration to ensure continued compliance with U.S. sanctions while maintaining operations in Venezuela, where Chevron remains the last U.S. oil major operating.
News
December 10, 2025
NPDP has taken final investment decision on the Sea Lion oil field offshore the Falkland Islands, clearing the way for first oil in 2028. Phase 1 will include 11 subsea wells tied back to an FPSO, with peak production of 50,000 bpd and additional development phases planned.
News
December 09, 2025
ExxonMobil has raised its 2030 outlook, projecting stronger upstream earnings and cash flow growth without increasing capital spending. The updated plan highlights accelerated production growth in the Permian, Guyana and LNG, deeper cost reductions, and earlier-than-expected emissions targets.
News
December 09, 2025
Shell is reportedly seeking a partner for its Gato do Mato offshore oil project in Brazil as it looks to share the capital burden of a multibillion-dollar deepwater development. The move would allow Shell to remain operator while bringing in additional investment as the project advances toward first production later this decade.
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.
