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Rio de Janeiro, October 8, 2026 – Petróleo Brasileiro S.A. (Petrobras) announces that it participated in the 4th Production Sharing Permanent Offer Cycle and the 6th Concession Permanent Offer Cycle promoted by Brazil’s National Agency for Petroleum, Natural Gas and Biofuels (ANP). In the 4th Production Sharing Permanent Offer Cycle, the company acquired the Azurita... Continue Reading →
Oct. 8 (OE) Rockhopper Exploration has agreed to invest $44 million to acquire a 35% interest in the OSX-1 floating production, storage and offloading (FPSO) vessel, which is planned for the accelerated development of the Sea Lion oil field in the North Falkland Basin. The company has entered into a subscription agreement to acquire ordinary... Continue Reading →
Oct. 7 - The auction for the 4th Permanent Offer Cycle under the production-sharing regime concluded with seven blocks awarded out of a total of 13 areas offered by the National Agency of Petroleum (ANP). In total, the event generated R$ 530.46 million in signature bonuses and projects investments of R$ 778.42 million in the... Continue Reading →
Oct. 7 (OE) Nigeria has launched its 2026 oil and gas licensing round, offering 40 blocks spanning onshore, shallow-water and deepwater areas as the country seeks new investment and higher production. Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive Oritsemeyiwa Eyesan announced the round following approval from President Bola Tinubu, with Nigerian and international investors... Continue Reading →
Oct. 6 (offshoreWIND.biz) The European Marine Energy Centre (EMEC) has secured GBP 3 million (approximately EUR 3.5 million) from UK Research and Innovation (UKRI) to advance the development of DeepWind, a planned floating and deepwater offshore wind test site in Scotland. The two-year funding, awarded through the UK government’s Infrastructure Fund, will support engineering, environmental,... Continue Reading →
Oct. 6 (oilprice.com) Centuries ago, the untamed jungles of Venezuela’s Orinoco Basin helped power the myth of El Dorado, a city made entirely of gold. But for the new adventurers staking a claim in the country’s black gold instead, there is no myth involved, but rather the world’s largest crude oil reserves of 303 billion... Continue Reading →
Oct. 5 (oilprice.com) Indian state-owned refiner Bharat Petroleum Corporation Limited (BPCL) prepares to issue a $3-billion bond to finance its share of a major offshore oil development in Brazil, as Indian companies move to expand in international upstream to secure crude oil supplies. BPCL, India’s second-largest state-controlled oil refiner, expects to raise the sum via... Continue Reading →
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 →
