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July 28 (Reuters) - Saipem cut its 2026 core earnings forecast on Tuesday, sending shares in the Italian oilfield services group down more than 8% as disruption linked to the Gulf conflict drove up costs and created logistical challenges. The Milan-based group now expects adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of €1.75 billion... Continue Reading →
July 27 (oilnow.gy) Guyana’s crude has earned a reputation for being light and sweet, making it attractive to refiners because it is easier and less expensive to process into products such as gasoline, diesel and jet fuel. Increasingly, however, another quality is helping distinguish the country’s barrels in global markets: their relatively low carbon intensity. As... Continue Reading →
July 27 (oilnow.gy) Global oil and gas majors are expanding their exploration portfolios, but most new agreements are focused on securing future opportunities rather than committing to immediate drilling activity, according to an analysis by Westwood Global Energy Group. The analysis, published on July 21, examined exploration agreements secured by the supermajor group, including bp,... Continue Reading →
July 27 (Reuters) Portuguese energy company Galp Energia posted a 45% jump in second-quarter adjusted net profit on Monday, boosted by higher oil output in Brazil and stronger crude prices and refining margins brought on by Iran war supply disruptions. The company raised its earnings guidance for the year, and it said the board of... 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 24 - BRAVA ENERGIA S.A. (“Brava” or the “Company”) (B3: BRAV3), pursuant to Article 157, paragraph 4, of Law No. 6,404 dated, December 15, 1976, as amended, and CVM Resolution No. 44, dated August 23, 2021, further to the Material Facts disclosed on April 23, 2026, May 25, 2026, June 15, 2026 and July 7,... Continue Reading →
July 24 (OE) KOIL Energy has secured its first contract in Brazil for subsea umbilical maintenance services, marking the company's entry into the world's largest deepwater offshore market. The contract covers the re-termination and testing of subsea umbilical components, including chemical injection and hydraulic control lines, as well as electrical cables. KOIL said it will... Continue Reading →
July 23 (Reuters) - Spanish energy group Repsol expects refining margins to stay high next year as geopolitical tensions around the Gulf region and Russia persist, it said on Thursday, after reporting that its second-quarter profit tripled on stronger margins and oil prices. Supply constraints linked to intermittent disruptions in the Strait of Hormuz and Ukrainian... Continue Reading →
July 22 (oilprice.com) Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran and Washington disrupting traffic in the Strait of Hormuz, through which a fifth of global hydrocarbon supplies are shipped. This has sparked greater demand for Brazil’s... Continue Reading →
July 22 (Reuters) - Equinor on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil and gas prices as the war in the Middle East disrupted global energy supplies. The Norwegian group's adjusted earnings before tax for the April to June period rose to $11.48 billion from $6.54 billion... Continue Reading →
