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June 11 (OE) SLB has signed a long-term framework agreement with Venezuela's state oil company PDVSA to support the modernization and development of the country's oil and gas sector. The memorandum of understanding establishes a framework for cooperation across exploration, field development, production, digital enablement, and workforce training and development. The companies said the collaboration... Continue Reading →
June 4 - SBM Offshore announces that it has entered into a shareholders’ agreement with its long-standing business partner Nippon Yusen Kabushiki Kaisha (NYK) with the intention to divest a 45% ownership interest in the special purpose companies related to the lease and operation of the FSO Chalchi. SBM Offshore will remain the majority shareholder... Continue Reading →
June 3 (Reuters) - Global investors remain wary of signing deals in Venezuela, even after the interim government enacted business-friendly reforms backed by U.S. President Donald Trump, a dozen sources with knowledge of private sector investment deliberations told Reuters. The South American country's efforts to lure foreign investment in sectors as diverse as oil, shipping,... Continue Reading →
May 31 (World Oil) – ExxonMobil and ConocoPhillips are pushing for durable contract terms and a way to resolve billions of dollars owed to them as they consider re-entering Venezuela after exiting the country two decades ago. Both companies are in active negotiations with President Delcy Rodríguez’s government about tapping Venezuela’s vast oil reserves. While they’ve recently said Venezuela has... Continue Reading →
May 26 (Reuters) - Colombia's state oil company Ecopetrol launched a tender offer to acquire control of Brava Energia, the Brazilian energy firm said in a securities filing late on Monday. Offer covers 116.1 million common shares at 23 reais per share, a 15.4% premium over Brava's Monday close Deal represents about 25% of Brava's total... Continue Reading →
May 20 (Reuters) - Colombia's environment ministry said on Wednesday it had approved the environmental viability of the exploratory phase of the Nereidas geothermal project, led by state oil company Ecopetrol , Baker Hughes and utility CHEC, in a step that could help open a new source of round-the-clock renewable power in the Andean country. The... Continue Reading →
May 13 (Reuters) - Venezuela on Wednesday launched a restructuring of its sovereign debt and that of state oil firm PDVSA, lifting bond prices, as it seeks relief from what it called unsustainable obligations. In a statement, the government said the “comprehensive and orderly” overhaul would cover both sovereign debt and that of PDVSA and... Continue Reading →
May 13 - Petrobras' president, Magda Chambriard, stated that the state-owned company will send delegations from the refining and oil exploration and production areas to Mexico to assess potential business opportunities in partnership with the state-owned Pemex. The new visit of Petrobras representatives to Mexico occurs a few weeks after Chambriard visited the country last... Continue Reading →
Rio de Janeiro, May 11, 2026 – Petróleo Brasileiro S.A. – Petrobras, pursuant to CVM Resolution No. 44/21, informs that its Board of Directors, in a meeting held today, approved the payment of shareholder remuneration in the amount of R$ 9.03 billion, equivalent to R$ 0.70097272 per outstanding common and preferred share, as an anticipation... Continue Reading →
Rio de Janeiro, May 11, 2026 “We delivered consistent financial results in the first quarter of 2026, maintaining strong cash generation with operating cash flow of US$ 8.4 billion, sustained by the excellent performance of our assets and by record oil and gas production. Our investments are being converted into production growth, vindicating our solid... Continue Reading →
