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Aug. 24 (oilnow.gy) A year after Chevron completed its acquisition of Hess, Guyana is emerging as a distinct part of the company’s longer-term production outlook, with a resource base that can support successive offshore developments through the 2030s. Chevron acquired Hess in July 2025, gaining a 30% interest in Guyana’s Stabroek Block along with producing and... Continue Reading →
Aug. 25 (Reuters) British oil major Shell has shelved its Aphrodite offshore gas project in Trinidad and Tobago after disagreements over commercial terms with Trinidad's National Gas Company, three people familiar with the decision said on Monday. Shell had given the project a positive final investment decision last year, but it has decided for now... Continue Reading →
Aug. 24 (PN) Petrobras's board met last week and reached a decision that could alter the course of one of the sector's most anticipated projects. Due to discussions surrounding the "gas release" program, the company deemed it prudent to hit the brakes and reevaluate the export pipeline project for the Sergipe Deepwater (SEAP) development, anccording... Continue Reading →
Aug. 20 - Alexandre de Gusmão FPSO, the fifth to be installed in the Mero field in the Santos Basin pre-salt, reached peak production, at 180,000 barrels of oil per day (bpd). Mero is the third largest producing field in Brazil, after Búzios and Tupi. “Each unit that reaches the maximum production level envisaged in the project not only contributes to the... Continue Reading →
Aug 19 (Reuters) - Brazil's largest thermal power plant, GNA II, said on Wednesday its operations have been interrupted since August 10 after a failure in the steam turbine circuit breaker affected the unit's step-up transformer. The gas-fired plant is located in the Acu port in Rio de Janeiro and has 1.7 gigawatts of installed... Continue Reading →
Aug 17 (Reuters) - Palantir chair and co-founder Peter Thiel has bought a 1% stake in Argentina's Vista, one of the largest oil companies operating in the country's Vaca Muerta shale formation, according to a U.S. Securities and Exchange Commission filing. The filing, published on Friday, comes four months after the tech billionaire met with... Continue Reading →
Aug 13 (Reuters) - Argentina LNG on Thursday submitted an application to participate in the country's investment scheme to develop its integrated liquefied natural gas (LNG) project with a total investment of $51 billion, state oil firm YPF said in a statement. The project is backed by YPF along with energy firms Eni and XRG,... Continue Reading →
Aug 13 (Reuters) - BP, in partnership with United Arab Emirates' firm XRG and a unit of Qatar's conglomerate UCC Holding, has secured a license to explore and develop the second phase of Venezuela's offshore Loran gas field, the British company and government officials said on Thursday. The agreement, signed in Caracas and broadcast on... Continue Reading →
Aug. 14 - The Tupi asset, in the pre-salt area of the Santos Basin, has reached cumulative production of 4 billion barrels of oil equivalent (boe), becoming the first in the company's 73-year history to achieve this production volume. The first pre-salt system to begin commercial production, in 2010, it required the development of a new exploration model and pioneering... Continue Reading →
Aug. 11 (Forbes) An innovative pilot project in the Netherlands - focused on energy transition solutions - has reached a milestone moment of producing its first batch of green hydrogen on an active natural gas platform in the North Sea. The project - PosHYdon - led by a consortium of partners with support of the Dutch Ministry... Continue Reading →
