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Sept. 30 (oilprice) Billionaire Carlos Slim’s Grupo Carso SAB has signed a $1.99 billion contract with state oil company Pemex to drill 32 wells at the Ixachi natural gas field in Veracruz over the next three years. The Ixachi field, one of Mexico’s most important onshore deposits, currently produces about 93,000 barrels of oil and... Continue Reading →
Sept. 30 (oilprice) Angola’s state oil company, Sonangol, is preparing to list up to 30% of its shares in an initial public offering (IPO) sometime in the next 24 months in what would be a milestone that could reshape not only the company itself but the country’s broader economic trajectory. For decades, Sonangol has been... Continue Reading →
Sept. 30 (oilprice) Recently, the International Energy Agency (IEA) identified Brazil as a key non-OPEC oil producer responsible for driving global production growth. A swathe of world-class ultra-deepwater pre-salt oil discoveries, the first made in the Lula field during 2006, are driving a massive offshore oil boom. Not only is Brazil Latin America’s largest oil producer, but the... Continue Reading →
Sept 29 (Reuters) - TotalEnergies will cut its annual capital expenditure by $1 billion, it said on Monday, as the French oil major sought to soothe investor fears over slow asset sales and rising debt at a meeting with investors in New York. The reduction in capex, to around $15–17 billion annually between 2027 and 2030,... Continue Reading →
Sept 29 (Reuters) - Equatorial Guinea will open a new oil and gas licensing round in April to boost exploration and counter dwindling oil output, its minister of hydrocarbons and mining development Antonio Oburu Ondo said on Monday. "This ronda (licensing round) will be launched in the second quarter of 2026 right after the details... Continue Reading →
Sept. 26 (offshore-energy.biz) Norway’s vessel owner DOF Group has secured three assignments off the coast of Brazil, enabling it to undertake subsea inspections of underwater facilities operated by Petrobras, the South American country’s state-owned oil and gas giant. The award of three service contracts, which follows a competitive tender process, will enable DOF to execute subsea... Continue Reading →
Sept. 26 (OE) Italian offshore energy services firm Saipem has received the authorization to proceed with the execution of activities related to the engineering, procurement, construction and installation (EPCI) contract for the development of ExxonMobil's Hammerhead oil field, offshore Guyana. The contract with ExxonMobil Guyana, valued approximately $500 million, entails the EPCI work for subsea,... Continue Reading →
Sept 25 (Reuters) - U.S. energy major Chevron said on Thursday it was expecting to take a hit of $200 million to $400 million in the third quarter related to the Hess deal. Chevron closed its $55 billion acquisition of Hess in July after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the... Continue Reading →
Sept. 4 (offshoreWIND.biz) A consortium between TotalEnergies and RWE has won the Centre Manche 2 tender to develop a 1.5 GW offshore wind farm off the coast of Normandy, making it the largest renewable energy initiative in France to date. As part of a strategic review of its investment, RWE has expressed the wish to... Continue Reading →
Sept. 24 (offshore-energy.biz) TechnipFMC has secured a contract defined as significant, meaning it is worth between $75 million and $250 million, with Brazilian oil & gas company Petrobras for the delivery of subsea production systems. Following a competitive tendering process, TechnipFMC has been selected to design, engineer, and manufacture subsea production systems to be deployed in an... Continue Reading →
Brazil Energy Insight 