Brought to you by Quest Offshore & Southern Cone Consultants
July 27 (Reuters) Portuguese energy company Galp Energia posted a 45% jump in second-quarter adjusted net profit on Monday, boosted by higher oil output in Brazil and stronger crude prices and refining margins brought on by Iran war supply disruptions. The company raised its earnings guidance for the year, and it said the board of... Continue Reading →
July 26 (oilprice.com) Argentina’s massive shale oil and gas boom is going from strength to strength. The economically crisis-prone South American country yet again reported record monthly oil and natural gas production for May 2026. This couldn’t come at a better time for Argentina and South America. Rising global geopolitical risks, notably due to war in the Middle... Continue Reading →
July 26 (Reuters) - Baker Hughes reported a stronger-than-expected second quarter as the oilfield services and energy technology company benefitted from brisk demand for LNG equipment, gas infrastructure and power generation projects tied to growing electricity needs. Earnings per share were 64 cents, topping analysts' expectations compiled by LSEG of 50 cents. Adjusted earnings before interest,... Continue Reading →
July 23 (Reuters) - Spanish energy group Repsol expects refining margins to stay high next year as geopolitical tensions around the Gulf region and Russia persist, it said on Thursday, after reporting that its second-quarter profit tripled on stronger margins and oil prices. Supply constraints linked to intermittent disruptions in the Strait of Hormuz and Ukrainian... Continue Reading →
July 23 (oilprice.com) TotalEnergies’ adjusted net income jumped by 68% from a year earlier to $6 billion for the second quarter of 2026 as the jump in oil prices and refining margins boosted earnings and cash flows. The French supermajor on Thursday reported an adjusted net income of $6 billion, which met analyst expectations and rose by... Continue Reading →
July 22 (offshoreWIND.biz) Siemens Energy has announced plans to transition to a new corporate brand, Omterra, as the company prepares to move away from the Siemens name following its 2020 spin-off from Siemens AG and the expiry of its time-limited brand licensing agreement. The rebranding process is scheduled to begin later this year and will... Continue Reading →
July 22 (Reuters) - Equinor on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil and gas prices as the war in the Middle East disrupted global energy supplies. The Norwegian group's adjusted earnings before tax for the April to June period rose to $11.48 billion from $6.54 billion... Continue Reading →
July 21 (oinow.gy) Guyana is approaching oil production of one million barrels per day (b/d), less than seven years after the country produced its first commercial crude from the ExxonMobil-operated Stabroek Block. Production from four offshore projects averaged 903,000 b/d in April 2026, according to government data reviewed by OilNOW. The Uaru project, expected to begin... Continue Reading →
July 21 (OE) CorPower Ocean has been awarded the world’s first DNV Prototype Certificate for a wave energy converter (WEC), marking a major leap towards bankable, utility-scale wave energy. The CorPower C4 has been certified by DNV under DNV-SE-0120, Certification of Wave Energy Converters and Arrays, following independent verification. The certificate confirms the technology meets... Continue Reading →
July 17 (Reuters) - U.S. energy firms this week added rigs for a fifth week in a row for the first time since early June, boosting the total count to its highest since April 2025, energy services firm Baker Hughes said in its closely followed report on Friday. The total rig count, an early indicator of... Continue Reading →
Brazil Energy Insight 