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May 6 (Reuters) - Equinor missed quarterly cash-flow forecasts on Wednesday, hitting its shares even as the Norwegian oil major posted its strongest profit in three years on record output and Iran war-driven price gains. Shares in the majority state-owned group were down 7.6% at 0911 GMT, underperforming a 2% drop in European energy stocks, though... Continue Reading →
Rio de Janeiro, May 1, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that the P-79 platform, located in the pre-salt layer of the Santos Basin, began production today, ahead of the date scheduled in Business Plan 2026–2030 (BP 26–30). As the eighth platform in the Búzios field, with a capacity of 180 thousand barrels of... Continue Reading →
April 29 (OE) Italy’s Eni has signed an agreement with Venezuela’s Ministry of Hydrocarbons and state oil company PDVSA to relaunch oil activities at the Junin-5 project in the Orinoco Belt. The agreement was signed following a meeting in Caracas between Eni Chief Executive Claudio Descalzi and Acting President Delcy Rodriguez. Junin-5 is a heavy... Continue Reading →
April 27 (Reuters) - Camuzzi Gas Inversora and Vitol signed a memorandum of understanding for Argentina's LNG del Plata project, the Argentine firm said on Monday, with Vitol potentially acquiring up to 100% of production and evaluating an equity investment. The project, currently wholly owned by Camuzzi, is located at the Port of La Plata... Continue Reading →
April 23 (Reuters) - Oilfield services provider Baker Hughes beat Wall Street estimates for first-quarter profit, as strong demand in its industrial and energy technology unit offset drilling weakness caused by disruptions in the Middle East. A surge in electricity demand from data centers, along with investments in liquefied natural gas (LNG), gas infrastructure and grid... Continue Reading →
April 22 (oilnow.gy) ExxonMobil Guyana has awarded a limited notice to proceed (LNTP) to Italy’s Saipem, related to its proposed Longtail project in Guyana, signaling a future full contract award that Saipem said could be worth up to US$1.5 billion. The Italian engineering firm said it has been awarded a new limited notice to proceed... Continue Reading →
April 16 (Reuters) - The Sirius offshore gas project in the Colombian Caribbean has completed more than half of its 120 required prior consultations, the head of Petrobras Colombia said on Thursday. The project is a joint venture between Brazil's Petrobras, which serves as operator with a 44.4% stake, and Colombia's state-run Ecopetrol, which holds... Continue Reading →
April 13, 2026 – Petróleo Brasileiro S.A. - Petrobras announces that its Board of Directors has today approved the final investment decision (FID) for the SEAP I project, in the Sergipe-Alagoas Basin, consolidating the development of Sergipe Deepwater (SEAP), a new oil and gas production frontier in the country. The FID for the SEAP II... Continue Reading →
April 13 (Reuters) - Baker Hughes said on Monday it will sell its unit, Waygate Technologies, to Sweden-based Hexagon ( for about $1.45 billion in cash, as the oilfield services provider reorganizes its business to focus on high-growth areas. The deal is part of Baker Hughes' efforts to reshape its business by shedding non-core assets and shifting focus... Continue Reading →
April 9 (Reuters) - Energy producer Shell plans to begin natural gas output in 2027 from the Loran-Manatee offshore field, which crosses the border of Venezuela and Trinidad and Tobago the chairman of Trinidad's National Gas Company, Gerald Ramdeen, told Reuters on Thursday. Shell is moving to accelerate gas projects in Venezuela under interim President Delcy... Continue Reading →
Brazil Energy Insight 