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May 26 (Reuters) - Occidental Petroleum is acquiring a 10% stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter. Exxon was previously the sole owner of the large offshore block, known as UD(1), which lies in water depths of 2,000 to 3,000 meters and was first acquired... Continue Reading →
May 22 (oilprice.com) Brazilian President Luiz Inácio Lula da Silva has explicitly linked oil exploration and rare-earth mining to Brazil's national sovereignty, declaring that the country’s subsoil resources must be used to drive domestic industrialization rather than enrich foreign nations. Speaking at Petrobras’(NYSE:PBR) giant refinery, Refinaria de Paulínia (Replan), in São Paulo, Lula emphasized that Brazil must actively... Continue Reading →
May 21 (oilnow.gy) The Guyana government and Viridien/CGG Services will commence geotechnical and seismic survey operations within offshore Block S4, which was licensed last year to a TotalEnergies-led group. Guyana’s Maritime Administration Department (MARAD) announced the survey in notices. The notices, dated May 18, 2026, said the work will take place within Guyana’s Exclusive Economic... Continue Reading →
May 20 (Reuters) - Colombia's environment ministry said on Wednesday it had approved the environmental viability of the exploratory phase of the Nereidas geothermal project, led by state oil company Ecopetrol , Baker Hughes and utility CHEC, in a step that could help open a new source of round-the-clock renewable power in the Andean country. The... Continue Reading →
May 20 (OE) QatarEnergy has acquired participating interests in three exploration blocks offshore Uruguay from BG International Limited, a subsidiary of Shell. Under the agreements, QatarEnergy has acquired an 18% interest in block ‘OFF-4’, while Shell held 32%, and APA Corporation (the operator) retained the remaining 50%. QatarEnergy has also acquired a 30% interest in... Continue Reading →
May 19, (oilnow.gy) Staatsolie secured more than US$2 billion in financing in 2025 to fund its 20% participation in Suriname’s GranMorgu offshore oil development, according to Managing Director Annand Jagesar. In a message published in the company’s 2025 Annual Report released on May 15, Jagesar said Staatsolie raised US$516 million through the Staatsolie Bond 2025-2033 and secured... Continue Reading →
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 15 - Petrobras has decided to develop the Aram discovery in the pre-salt layer of the Santos Basin, said Petrobras president Magda Chambriard this Friday (15). The company expects to have at least two producing wells by 2030, said the executive, in a press conference to discuss the company's investments in the state of... Continue Reading →
May 13 - Petrobras' president, Magda Chambriard, stated that the state-owned company will send delegations from the refining and oil exploration and production areas to Mexico to assess potential business opportunities in partnership with the state-owned Pemex. The new visit of Petrobras representatives to Mexico occurs a few weeks after Chambriard visited the country last... Continue Reading →
May 13 - ANP released a new version of the Permanent Concession Offer (PCO) notice. The document was revised to include 45 new exploratory blocks which, added to the areas already foreseen in the previous version, raise the total number of exploratory blocks to 495 and the number of areas with marginal accumulations available for... Continue Reading →
Brazil Energy Insight 