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(Reuters) - Halliburton reported about 33% fall in profit for the second quarter on Tuesday, hurt by weak demand for its oilfield services in North America, Saudi Arabia and Kuwait. The company had flagged a second-quarter earnings impact from President Donald Trump's tariffs and lower oilfield activity in North America as producers evaluated drilling and completions at weak... Continue Reading →
(Reuters) - Top oilfield services firm SLB narrowly beat Wall Street expectations for second-quarter profit on Friday, as resilient demand in parts of its international business helped offset drilling slowdown in North America, Mexico and Saudi Arabia. SLB, the first of the Big Three U.S. oilfield services provider to report quarterly results, had previously flagged weaker drilling activity... Continue Reading →
(oilprice.com) At the recent gathering of BRICS nations in Brazil, the members’ joint statement contained an interesting assertion. BRICS leaders said that, while recognizing the need for an energy transition, they “acknowledge fossil fuels will still play an important role in the world’s energy mix, particularly for emerging markets and developing economies.” Luckily for BRICS members, they... Continue Reading →
(Reuters) - Argentina's VMOS signed a $2 billion loan to finance construction of the Vaca Muerta South pipeline project, the company said in a statement on Tuesday. Vaca Muerta, a vast unconventional oil reserve, is pivotal for Argentina to cut costly imports and bolster its economy. VMOS S.A., a partnership formed by state-run oil company... Continue Reading →
(Reuters) Colombian state oil firm Ecopetrol said on Monday it has purchased a wind power project in the northern province of La Guajira from Enel for $50 million. The Windpeshi project will have a capacity of 205 megawatts (MW), which will be added to Ecopetrol Group's self-consumption energy portfolio, the company said in a statement. "We have... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras is weighing options for its Polo Bahia onshore oil fields, including a potential sale, Chief Executive Magda Chambriard said on Saturday, adding that any decision will prioritize returns and shareholder interests. The Polo Bahia hub, consisting of some 28 onshore fields, was previously listed for sale under former President... Continue Reading →
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 June 2025. Brava renewed its historical quarterly production record in 2Q25, reaching a daily average of 85.9 thousand boe, an increase of 21% when compared to 1Q25. This result... Continue Reading →
ANP released the Monthly Bulletin of Oil and Natural Gas Production for May 2025, which contains consolidated data on national production. The month of May registered a record in national oil and gas production, considering pre-salt, post-salt and onshore. With regard to oil, 3.679 million barrels per day (bbl/d) were extracted, an increase of 1.3%... Continue Reading →
(Reuters) - Soaring oil and gas production from Argentina's Vaca Muerta shale formation in the first quarter of 2025 is fueling the nation's push for energy self-sufficiency and ambitious plans to become an important liquefied natural gas exporter, Rystad Energy analysts said on Tuesday. Vaca Muerta, a vast unconventional oil reserve, is pivotal for Argentina... Continue Reading →
(offshoreWIND.biz) The Delaware State Senate has passed a bill which would allow US Wind to continue planning its onshore substations for the Maryland offshore wind project in Delaware’s Sussex County, whose council denied US Wind the permit last year. Senate Bill 159, introduced in the Delaware Senate on 21 May and discussed by the Senate... Continue Reading →
