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(Reuters) - Colombian energy company Ecopetrol said on Monday it has reached an agreement to renew its oil joint venture with Occidental Petroleum in the U.S. Permian basin in Texas. There had been uncertainty over the future of the joint venture after Ecopetrol, which is majority state owned, backed out of a separate deal last August to acquire $3.6... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, further the notices disclosed on April 27, 2022, and January 26, 2023, hereby informs that today it has received from Petro Rio Jaguar Petróleo S.A. (“PRIO”), a subsidiary of PRIO S.A., R$1.025 billion referring to the contingent payment (earnout) related to the oil barrel price for the 2024 fiscal year. ... Continue Reading →
(Reuters) - Mexican billionaire investor Carlos Slim's team and state energy company Pemex are discussing substantial changes to a deal to develop the country's first deepwater natural gas field, five sources familiar with the matter told Reuters. Slim's Mexican holding company Grupo Carso signed a deal last year to partner with Pemex to develop the Lakach field... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3:BRAV3), in compliance with the provisions of CVM Resolution No. 44 and the Novo Mercado Regulation, hereby informs its shareholders and the market in general that, at a meeting held on January 29, 2025, the Board of Directors approved the appointment of Mr. Carlos José do Nascimento Travassos for... Continue Reading →
(offshore-energy.biz) A jack-up rig owned by offshore drilling contractor Valaris is en route to Angola for a drilling contract it secured last year, following preparations in Texas. According to Valaris, after completing a project at the Kiewit Shipyard in Corpus Christi, Texas, the VALARIS 144 rig has embarked on a voyage to Angola for its... Continue Reading →
(Reuters) - Oil and gas producer Hess Corp's fourth-quarter profit surpassed Wall Street expectations on Wednesday, buoyed by higher production volumes in the United States and Guyana. Its total production rose over 18% to 495,000 barrels of oil equivalent per day (boepd) in the quarter, boosted by a 7% increase in volumes in the Bakken shale... Continue Reading →
BRAVA ENERGIA S.A. in compliance with the provisions of CVM Resolution No. 44, hereby informs its shareholders and the market in general of the following updates on the Papa-Terra field. (i) Final authorization for the Papa-Terra field measurement systems On January 26, 2025, the Company obtained the definitive authorization from the Oil and Natural Gas... Continue Reading →
(Reuters) Wall Street expects U.S. oil and gas companies to keep a lid on spending in 2025 and keep their focus on generating shareholder returns, despite calls by President Donald Trump to "drill, baby, drill." Big Oil begins reporting fourth-quarter results this week, and outlooks for the coming year should reflect the dissonance between Trump's... Continue Reading →
(OE) U.S. energy firms this week cut the number of oil and natural gas rigs operating for a third week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output,... Continue Reading →
(Reuters) A World Bank arbitration tribunal has dismissed a request by Venezuela to annul a $8.37 billion arbitration award to ConocoPhillips, clearing the way for the U.S. producer to reclaim compensation for the expropriation of its oil assets in the South American country. The International Centre for Settlement of Investment Disputes (ICSID) declared the expropriation... Continue Reading →
