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Aug 19 (Reuters) - Oil service provider SLB and private equity firm Formentera Partners are working to either reactivate oil rigs in Venezuela or import additional rigs into the country in the coming months, executives from both firms said on Wednesday during a conference in Houston. Energy-focused Formentera is in discussions with international service providers to... Continue Reading →
Aug. 18 (offshore-energy.biz) Ecopetrol Investimentos do Brasil, a wholly owned subsidiary of Colombia’s state-owned oil and gas company Ecopetrol, has broadened its presence in Brazil’s energy sector by acquiring a controlling stake in local oil and gas producer Brava Energia. In a step that strengthens its growth platform in Brazil, Ecopetrol has completed the acquisition of a... 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 (oilprice.com) Over the past couple of years, Colombia’s clean energy transition has shifted into overdrive under President Gustavo Petro’s "Just Energy Transition" agenda, with the country pivoting away from fossil fuels towards wind and solar energy. Petro, Colombia’s first ever left-wing president, instituted a strict ban on signing new oil, gas and coal exploration contracts... Continue Reading →
Aug 10 (Reuters) - Argentina's state oil firm YPF on Monday reported a net profit of $1.21 billion in the second quarter of 2026, compared with $58 million seen a year earlier, citing higher shale production, record processing levels and a hike in international prices. The state-run producer's revenues reached $6.57 billion during the April-to-June... Continue Reading →
Aug. 7 (PN) The Special Bidding Commission (CEL) of the National Agency of Petroleum, Natural Gas and Biofuels (ANP) announced the sectors and blocks that will be part of the 6th Permanent Offer Concession Cycle (OPC6) and the 4th Permanent Offer Production Sharing Cycle (OPP4), with public sessions scheduled for October 7, 2026 In the... Continue Reading →
Aug 7 - BRAVA ENERGIA S.A. (“Brava” or the “Company”) (B3: BRAV3), in compliance with the provisions of CVM Resolution No. 44, hereby informs its shareholders and the market in general that it has entered into a new agreement for the purchase and sale of crude oil produced by PetroReconcavo S.A. (“PetroReconcavo”) in the Potiguar... Continue Reading →
July 26 (oilprice.com) Argentina’s massive shale oil and gas boom is going from strength to strength. The economically crisis-prone South American country yet again reported record monthly oil and natural gas production for May 2026. This couldn’t come at a better time for Argentina and South America. Rising global geopolitical risks, notably due to war in the Middle... Continue Reading →
July 17 (Reuters) - U.S. energy firms this week added rigs for a fifth week in a row for the first time since early June, boosting the total count to its highest since April 2025, energy services firm Baker Hughes said in its closely followed report on Friday. The total rig count, an early indicator of... Continue Reading →
July 9 (Reuters) - Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras on its possible return to exploration and production in the country, while the company is also willing to help restructure state energy firm YPFB, Energy Minister Marcelo Blanco said on Thursday. The government of President Rodrigo Paz is looking... Continue Reading →
Brazil Energy Insight 