Latin American momentum grows: Chevron’s Uruguay extension buys time for seismic work as Sintana pursues permit offshore Argentina

July 21 (offshore-energy.biz) Canada-headquartered oil and natural gas exploration player Sintana Energy has shed light on the latest activities in Latin America, confirming the advancement of its offshore plans in Argentina and an extension for the Chevron-operated block off the coast of Uruguay. According to Sintana, the National Administration of Fuels, Alcohol and Portland Cement... Continue Reading →

July 21, 2026 0

BP Expects Lower Net Debt After Strong Quarter

July 14 (Reuters) BP expects its oil trading result to be slightly higher in the second quarter after an exceptionally strong first quarter, as it continues to profit from a surge in oil prices caused by the Iran war. The British major flagged higher oil realizations, which it said would increase earnings in its oil... Continue Reading →

July 14, 2026 0

Oceanic Wind, Ming Yang Partner on Canadian Offshore Wind Project

May 29 (OE) Oceanic Wind Energy and Ming Yang Smart Energy have signed a memorandum of understanding (MoU) to evaluate a strategic investment partnership for the development of an offshore wind project in the Hecate Strait off the northwest coast of British Columbia. The project is being advanced by Coast Tsimshian Enterprises (CTE) and Oceanic... Continue Reading →

May 29, 2026 0

Eco Atlantic Advances Falklands Offshore Expansion with JHI Deal

May 18 (OE) JHI Associates had obtained a final court order from the Ontario Superior Court of Justice approving Eco (Atlantic) Oil & Gas' proposed acquisition of the company. The company said the court approval follows unanimous shareholder backing for the transaction at a May 12 meeting, where 100% of votes cast supported the arrangement.... Continue Reading →

May 18, 2026 0

Oil Price Shocks Make Brazil Key to Energy Security in the Americas

April 6 (oilprice.com) Oil price shocks since the U.S. and Israel first struck Iran, the world’s fifth-largest oil producer, have global markets on edge. The sudden energy crisis, which emerged after Iran closed the Strait of Hormuz, preventing the passage of around a fifth of the world’s oil supply, emphasizes the importance of petroleum production in... Continue Reading →

April 7, 2026 0

Eco Atlantic to acquire JHI in US$52M deal, gaining stake in Falklands basin and Guyana’s Canje Block

March 12 (oilnow.gy) Eco (Atlantic) Oil & Gas Ltd. announced on March 11, 2026 that it has signed a binding agreement to acquire the remaining shares of JHI Associates, Inc., a move that deepens the company’s exposure to offshore Guyana while adding a new exploration position in the North Falkland Basin. The Toronto-based exploration company... Continue Reading →

March 12, 2026 0

Nova Scotia Setting Up Framework for Offshore Wind Revenue

FEB. 26 (offshoreWIND.biz) The government of Nova Scotia has introduced legislation that would set bid fees and levies for offshore wind developers as part of the Canadian province’s broader offshore wind licensing regime. On 24 February, Premier of Nova Scotia, Tim Houston, tabled the Powering the Economy Act, which creates an Offshore Renewable Energy Revenue... Continue Reading →

February 26, 2026 0

South America and Africa to Lead High-Impact Exploration Well Drilling in 2026 – Westwood

Feb. 23 - Africa and South America are expected to lead high-impact exploratory drilling in 2026, with a forecast of 19 and 15 wells, respectively, according to the consulting firm Westwood Global Energy Group. In Brazil, the highlights are the Tupinambá well, from BP, and the Morpho well, from Petrobras. In total, the company estimates... Continue Reading →

February 23, 2026 0

Norway’s Equinor plans sharp increase to international oil and gas output by 2030

Feb 10 (Reuters) - Equinor's international oil and gas portfolio will return to growth in the next few years as the Norwegian energy group targets sharply increased output abroad by 2030, its head of foreign operations told Reuters. After recent divestment of onshore assets in Argentina, Equinor now produces oil and gas in seven countries outside Norway, down... Continue Reading →

February 10, 2026 0

Massachusetts, Nova Scotia Partner on Offshore Wind Development

Feb. 6 (offshoreWIND.biz) The US state of Massachusetts and the Canadian province of Nova Scotia have signed a Memorandum of Understanding (MoU) to deepen cooperation on offshore wind development, seeking to align planning, workforce training, transmission planning and supply chain development across the North Atlantic region. Massachusetts Governor Maura Healey and Nova Scotia Premier Tim... Continue Reading →

February 6, 2026 0

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