Rio de Janeiro, September 2, 2026 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of August. Key: (1) Production at the Albacora Leste field was affected by a partial scheduled shutdown for cooling system maintenance. (2) At the Bravo... Continue Reading →
Chevron, Eni commit to expand oil projects in Venezuela under US eye
Sept 2 (Reuters) - Several international energy firms, including Eni, GE Vernova and Chevron committed on Wednesday to project expansions to boost oil output in Venezuela, in a signing ceremony in Caracas overseen by interim President Delcy Rodriguez and U.S. Energy Secretary Chris Wright. The deals are separate from a Caracas-Washington deal recently unveiled that gives the U.S. access to... Continue Reading →
Woodside and PEMEX to Expand Deepwater Partnership
Sept. 2 (OE) Woodside Energy has signed a non-binding Memorandum of Understanding (MoU) with Petróleos Mexicanos (PEMEX) that will allow analysis of potential future opportunities for exploration and extraction of hydrocarbons in the deep waters of the Gulf of Mexico. It will also facilitate the mutual exchange of technical knowledge, experience, and industry best practices... Continue Reading →
Petrobras May Simultaneous Drill in Block FZA-M-59 in the Future and IBAMA Issues Further Requirements
Sept. 2 (PN) Petrobras does not rule out the possibility of conducting simultaneous drilling operations using two rigs in Block FZA-M-59, located in the Foz do Amazonas Basin, at some point in the future. This possibility was discussed with the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) during a meeting in late... Continue Reading →
Shell reaches agreement with BP to acquire 50% stake in Tupinamba block, Santos Basin
Sept. 2 - Shell has signed an agreement with bp to acquire a 50% stake in the Tupinambá exploration block, located in the Santos Basin, as well as a 30% interest in five concessions comprising the Conifer exploration prospect in the Paleogene province of the deepwater US Gulf of Mexico. bp will retain the remaining... Continue Reading →
First large-scale purchase of Halo-Connect nodes to support seismic exploration in Colombia
Sept. 2 - Colombian geophysical services company Vector Geophysical has acquired 30,000 STRYDE Halo-Connect ground-based seismic nodes along with a Nimble receiver system, significantly expanding its capacity to execute high-density seismic surveys in Colombia. The agreement marks STRYDE's first large-scale order for Halo-Connect since the launch of the next generation of its miniaturized seismic node... Continue Reading →
Chevron expands Venezuela presence with $7 billion plan to double output in five years
Sept 2 (Reuters) - Chevron will invest more than $7 billion through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years in the South American country, the U.S. oil major said on Wednesday. Under new agreements, Chevron's Petroindependencia joint venture will expand to include two adjacent areas in... Continue Reading →
Iran Creates Oil Bonanza for the Americas
Sept. 2 (Reuters opinion by Ron Bousso) From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran war by capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency response into a lasting structural change. Oil production in the Americas... Continue Reading →
California Moves to Sue Trump Administration, RWE Over Deal to Cancel Floating Wind Project
Sept. 2 (offshoreWIND.biz) California has notified the US Department of the Interior (DOI) and RWE of the intention to sue over the USD 1.22 billion (around EUR 1.05 billion) agreement to cancel three offshore wind leases, including one in federal waters off California. A separate 60-day pre-suit period is also running over the USD 111... Continue Reading →
TechnipFMC readies 200th subsea tree for Guyana projects
Sept. 2 (oilnow.gy) TechnipFMC has reached delivery readiness for its 200th subsea tree for offshore projects in Guyana. The company announced the milestone on September 1. It credited the expertise and collaboration of its team for supporting ExxonMobil Guyana’s offshore developments. “Recently, we reached a major milestone with the manufacturing and delivery readiness of the 200th subsea... Continue Reading →