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Sept. 10 - ANP (National Agency of Petroleum, Natural Gas and Biofuels) announced that bp has begun drilling the first well in the Tupinambá block, located in the pre-salt area of the Santos Basin. Drilling operations commenced on September 8, four days after Ibama issued the license authorizing an exploratory campaign of up to three... Continue Reading →
Sept. 7 - On August 31, 2026, OceanPact—through its wholly-owned subsidiary Estaleiro Farol de São Tomé Ltda.—completed the acquisition of all outstanding shares of Dock Brasil Engenharia e Serviços S.A., a shipyard located in São Gonçalo, Rio de Janeiro. Following the fulfillment of all requisite corporate and regulatory steps, Dock Brasil has become part of... Continue Reading →
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 →
Sept. 1 (splash247) Helix Energy Solutions Group has completed its combination with Hornbeck Offshore Services after shareholders cleared the all-stock deal, creating a larger US offshore services group under the Hornbeck name. Helix shareholders approved the proposals required to complete the transaction at a special meeting and the merger became effective on September 1. The... Continue Reading →
Aug. 31 (OE) Eni has, together with MIWEN (a wholly owned subsidiary of YPF) and the Uruguayan National Oil Company ANCAP, signed an official agreement for the entry in the OFF-5 exploration block offshore Uruguay, following approval by the Uruguayan authorities. Eni is now the operator of the OFF-5 block with a 50% interest, alongside... Continue Reading →
Aug. 27 (oilprice.com) The Trump administration is reportedly in active discussions with Venezuela’s interim government to acquire a direct U.S. ownership stake in key Venezuelan oil fields. According to senior U.S. officials cited by Axios, the talks involve equity stakes in a select group of high-yield fields containing approximately 90 billion barrels of proven crude—a transaction... Continue Reading →
Aug. 24 (oilnow.gy) A year after Chevron completed its acquisition of Hess, Guyana is emerging as a distinct part of the company’s longer-term production outlook, with a resource base that can support successive offshore developments through the 2030s. Chevron acquired Hess in July 2025, gaining a 30% interest in Guyana’s Stabroek Block along with producing and... Continue Reading →
Rio de Janeiro, August 21, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has submitted an expression of interest in exploration blocks located in offshore areas of the Keta Basin, in Ghana, a country on the west coast of Africa. The Ministry of Energy and Green Transition of Ghana has approved the application... Continue Reading →
Aug, 20 (oilprice.com) Anadarko Peru, a subsidiary of Occidental Petroleum (NYSE:OXY) is moving ahead with plans to drill its first exploration well offshore northern Peru in 2027, advancing a project that could help unlock a major new source of domestic oil and gas. The company, operator of offshore Blocks Z-61, Z-62 and Z-63 in the... Continue Reading →
Aug 18 (Reuters) - Equinor said on Tuesday it has agreed to buy a stake in an oil exploration licence in Namibia from a subsidiary of U.S. energy major Chevron as the Norwegian company seeks to boost its international portfolio. The purchase of a 17.4% stake in the PEL 90 petroleum exploration licence in the Orange Basin... Continue Reading →
