TechnipFMC Awarded Major Contract for Gato do Mato

TechnipFMC has been awarded a major integrated Engineering, Procurement, Construction and Installation (iEPCI™) contract worth over $1 billion by Shell for its Gato do Mato greenfield development offshore Brazil. In addition to integrated execution, the project will utilize Subsea 2.0® configure-to-order (CTO) subsea production systems. Combining both offerings will enable streamlined project management through a single interface and accelerate time to first... Continue Reading →

March 26, 2025 0

Argentine energy firm CGC to tie-up with YPF in Vaca Muerta oil project

(Reuters) - Argentine energy company CGC announced on Friday that it will partner with state oil company YPF in a project located in the South American country's lucrative Vaca Muerta basin as a minority partner. In a statement, CGC said it will provide an unspecified amount of capital for the tie-up in Argentina's massive shale... Continue Reading →

March 24, 2025 1

Vitol snaps up West Africa assets from Eni, strengthening upstream presence

(Reuters) - Vitol will buy stakes in West African oil and gas assets from Italy's Eni, bolstering the global commodity trading house's position in the upstream sector, as it seeks to reinvest the huge profits it has been generating since 2022. The commodity trader will acquire an interest in oil and gas producing assets and... Continue Reading →

March 19, 2025 0

Brazil’s Petrobras in talks with US LNG suppliers for long-term deal, executive says

(Reuters) - Brazil's state-run oil firm Petrobras is in talks with U.S. liquefied natural gas (LNG) suppliers for a long-term import deal, a Petrobras executive said. Brazil is Latin America's largest oil producer, but consumes more gas than it produces and relies on imports to fill the gap. Petrobras buys pipeline gas from neighbor Bolivia and... Continue Reading →

March 17, 2025 2

Exclusive: Mexican tycoon Slim eyes two of Pemex’s key fields, gaining clout in energy sector

(Reuters) - Mexican state energy company Pemex is in talks with Carlos Slim which could see the billionaire tycoon help bankroll two of the country's most promising crude oil and natural gas fields, sources familiar with the matter told Reuters. The negotiations, which have not been previously reported, indicate Slim's growing clout in Mexico's struggling... Continue Reading →

March 17, 2025 0

Colombia Plans to License Petrobras, Ecopetrol Gas Project by Mid-2026

(Reuters) Brazilian state-run oil company Petrobras and its Colombian counterpart Ecopetrol could have the licenses needed for moving forward a joint offshore gas project in Colombia by mid-2026, said Orlando Velandia, head of Colombia's hydrocarbons regulator. Some 6 trillion cubic feet (TCF) of natural gas reserves have been confirmed, making the project commercial. The partners... Continue Reading →

March 14, 2025 0

Guyana Pulls the Plug on Frontera-CGX JV – Exxon Stays Winning

(oilprice.com) Guyana’s government has officially yanked the plug on the Frontera-CGX joint venture, canceling its oil prospecting license for the Corentyne block. The writing had been on the wall since February, when officials gave the JV a 30-day warning. Now, it’s official. The Corentyne block was supposed to be a much-needed diversification play in Guyana’s... Continue Reading →

March 13, 2025 0

Argentina’s Vaca Muerta Fuels Oil Production Surge

(oilprice.com) Argentina’s controversial president Javier Milei, a self-described anarcho-capitalist, on taking office enacted strict austerity measures to rein in rampant triple-digit inflation, kick-start the economy and slash a massive fiscal deficit. While it is too early to tell if Milei has reversed decades of economic mismanagement there are promising signs of a miracle emerging. Inflation has plummeted... Continue Reading →

March 13, 2025 0

Argentina YPF to get rid of offshore exploration projects, CEO says

(Reuters) - Argentina's energy company YPF wants to speed up a divestiture plan that includes selling controlling stakes in offshore exploration projects in Argentina and Uruguay, reducing its presence in mature fields and later offering a gas distribution company for sale, chief executive officer Horacio Marin said. YPF has exploration rights in seven offshore areas,... Continue Reading →

March 13, 2025 0

Petrobras Eyes Argentina, Colombia, Africa Projects

(Reuters) Petrobras is looking at potential opportunities in Argentina while advancing in projects in Colombia and Africa, the firm's exploration and production head Sylvia dos Anjos said on Tuesday. Gas from the Vaca Muerta region would be interesting to Petrobras as a pipeline connecting Argentina, Bolivia and Brazil could be used to transport it, Anjos said on the... Continue Reading →

March 11, 2025 0

Blog at WordPress.com.

Up ↑

Category: Gas

TechnipFMC Awarded Major Contract for Gato do Mato

Argentine energy firm CGC to tie-up with YPF in Vaca Muerta oil project

Vitol snaps up West Africa assets from Eni, strengthening upstream presence

Brazil’s Petrobras in talks with US LNG suppliers for long-term deal, executive says

Exclusive: Mexican tycoon Slim eyes two of Pemex’s key fields, gaining clout in energy sector

Colombia Plans to License Petrobras, Ecopetrol Gas Project by Mid-2026

Guyana Pulls the Plug on Frontera-CGX JV – Exxon Stays Winning

Argentina’s Vaca Muerta Fuels Oil Production Surge

Argentina YPF to get rid of offshore exploration projects, CEO says

Petrobras Eyes Argentina, Colombia, Africa Projects

Archives

Contact Us