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Oct 2 (Reuters) - Controlling shareholders of Brazil's Braskem are finalizing a counter proposal for the company's creditors after balking at lenders' demands to inject $3 billion into the petrochemical producer, two people familiar with the matter told Reuters on Friday. "It would be too large an injection of funds, it is far more than... Continue Reading →
Eco (Atlantic) Oil & Gas has received final ministerial approval to transfer a 60% participating interest in three exploration licenses offshore Namibia to BP, clearing the final governmental consent required for the transaction. The approval covers PEL97, PEL99 and PEL100 in the Walvis Basin, comprising the Cooper, Guy and Tamar licenses. BP Namibia Energy will... Continue Reading →
Oct 1 (Reuters) - French oil company TotalEnergies plans to invest $10 billion in Argentina, Chief Executive Patrick Pouyanne said on Thursday at a conference in Paris. The investment will be spread across different projects, including the drilling of new wells in Tierra del Fuego and an expansion of its gas production in Neuquen. "We... Continue Reading →
Sept 29 (Reuters) - Colombia's oil and gas producer GeoPark is planning a $7 billion investment in Venezuela's large Bare oilfield to increase crude output there to some 90,000 barrels per day by 2038 from a current 11,000 bpd, the company's chief executive, Felipe Bayon, said on Tuesday. With 15.7 billion barrels of original oil... Continue Reading →
Sept. 29 (OE) China-based BOMESC Offshore Engineering's wholly owned subsidiary Tianjin BOMESC has signed a contract with SBM Offshore for the design, procurement and construction of topside modules for a floating production, storage and offloading (FPSO) destined for South America. Tianjin BOMESC Offshore Engineering will build the modules at the company's Lingang Offshore Heavy Industry... Continue Reading →
Sept. 28 (Exxon) Producing one billion barrels of oil is an extraordinary milestone anywhere in the world. In Guyana, it represents a story of vision, partnership, and excellence that has reshaped the nation and the global energy landscape. Just over a decade ago, ExxonMobil and our co-venturers made a world-class discovery in Guyana's Stabroek block.... Continue Reading →
Sept. 27 (oilprice.com) The Trump Administration is touting the new oil order in Venezuela as a tremendous opportunity for reviving the industry in the world’s biggest crude oil resource holder. The U.S.-led restructuring of the sector kicked out Russian and Chinese companies out of previously awarded concessions, and spurred a flurry of oil deals with... Continue Reading →
September 22, 2026 – Petróleo Brasileiro S.A. – Petrobras, further to the notice to the market dated August 27, 2026, hereby announces that its wholly owned subsidiary, Petrobras Global Finance B.V. (PGF), has delivered, in accordance with the terms and conditions of the relevant agreements, notices announcing the early redemption price to holders of the... Continue Reading →
Sept 22 (Reuters) - The US Export-Import Bank plans to fund up to $7 billion worth of critical minerals and energy projects in Argentina, according to a document seen by Reuters, as part of a push to deepen economic cooperation between Washington and Buenos Aires. The funding is part of a package to be announced... Continue Reading →
Sept 21 (Reuters) - The Inter-American Development Bank is drawing up a two-year engagement plan for Venezuela focused partly on electricity and social protection, IDB President Ilan Goldfajn said on Monday. “We are, of course, reengaging,” Goldfajn told Reuters in an interview. “We have missions to Venezuela, looking at the situation, dealing with the macroeconomic... Continue Reading →
