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Sept 4 (Reuters) - The U.S. government structured its 35% position in a Venezuelan oil venture as warrants that protect Washington's stake from being weakened by fresh raises of capital, a U.S. official said. Speaking on Thursday about the deal announced last week by President Donald Trump, the official said the Pentagon structured the stake... Continue Reading →
Sept 4 (Reuters) - Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts said on Friday. After nearly three decades in Venezuela, Eni has accumulated those receivables from state-owned oil group PDVSA. As Washington and... Continue Reading →
Sept 4 (Reuters) - Colombia's Grupo Gilinski and Geopark on Friday signed a deal to jointly develop the Bare oilfield in Venezuela with state oil company PDVSA, a ceremony on state television showed. The chariman of Grupo Gilinski, which is GeoPark's majority shareholder, Jaime Gilinski, appeared alongside interim President Delcy Rodriguez. "GeoPark has the proven... Continue Reading →
Sept. 3 (oilprice.com) Venezuelan opposition leader María Corina Machado is backing a long-term U.S. role in developing the country’s oil reserves, even as she questions who has the authority to sign the sweeping agreement announced by acting President Delcy Rodríguez. Machado said Thursday that the scope of the agreement remains unclear, including who is signing... Continue Reading →
Sept. 3 - BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of August 2026. Potiguar – The production ramp-up continues to advance, supported by progressively higher steam injection volumes. Papa-Terra – Monthly production reflected the effects of... Continue Reading →
Sept. 3 (Reuters) Argentine President Javier Milei said on Thursday he would tighten sanctions on companies involved in oil projects around the Falkland Islands, boost defense resources in the country's south and send Congress a bill aimed at strengthening Argentina's response to what he called violations of its sovereignty. In a televised address, Milei said... Continue Reading →
Sept 2 (Reuters) - Several international energy firms, including Eni, GE Vernova and Chevron committed on Wednesday to project expansions to boost oil output in Venezuela, in a signing ceremony in Caracas overseen by interim President Delcy Rodriguez and U.S. Energy Secretary Chris Wright. The deals are separate from a Caracas-Washington deal recently unveiled that gives the U.S. access to... Continue Reading →
Sept. 2 (OE) Woodside Energy has signed a non-binding Memorandum of Understanding (MoU) with Petróleos Mexicanos (PEMEX) that will allow analysis of potential future opportunities for exploration and extraction of hydrocarbons in the deep waters of the Gulf of Mexico. It will also facilitate the mutual exchange of technical knowledge, experience, and industry best practices... Continue Reading →
Sept. 2 - Colombian geophysical services company Vector Geophysical has acquired 30,000 STRYDE Halo-Connect ground-based seismic nodes along with a Nimble receiver system, significantly expanding its capacity to execute high-density seismic surveys in Colombia. The agreement marks STRYDE's first large-scale order for Halo-Connect since the launch of the next generation of its miniaturized seismic node... Continue Reading →
Sept 2 (Reuters) - Chevron will invest more than $7 billion through its Venezuela joint ventures to double oil production to about 600,000 barrels per day over the next five years in the South American country, the U.S. oil major said on Wednesday. Under new agreements, Chevron's Petroindependencia joint venture will expand to include two adjacent areas in... Continue Reading →
