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April 30 (Reuters) - Mexico's Pemex reported a 45.99 billion peso ($2.6 billion) quarterly loss, as the state energy company failed to profit from a global oil price surge triggered by international conflict. The United States' war with Iran has lifted crude oil prices worldwide to a four-year high. Pemex is constrained by high debt, and has... Continue Reading →
April 30 (Reuters) - Mexican President Claudia Sheinbaum said on Thursday she expects state oil firm Pemex (PEMX.UL) and its Brazilian counterpart Petrobras to reach an agreement, after Brazil's president pitched a partnership earlier this year. Sheinbaum told her regular morning press conference she would travel to Brazil to sign a deal with President Luiz Inacio... Continue Reading →
April 30 (oilnow.gy) Staatsolie will host an in-person roadshow in Houston on May 26, 2026, to present Suriname’s Open-Door Offering to oil and gas companies. The event will run from 9 a.m. to noon CDT at The Post Oak Hotel at Uptown, 1600 W Loop S, Houston, Texas. Staatsolie said in an April 28 LinkedIn... Continue Reading →
April 30 (oilnow.gy) ExxonMobil Guyana has awarded the Noble Developer a one-well contract at a day rate of US$375,000 to drill a prospect in the Stabroek Block offshore Guyana. The contract is scheduled to commence in early 2027. ExxonMobil Guyana said it contracted the rig “to drill a prospect in the shallow water portion of... Continue Reading →
April 29 (OE) Italy’s Eni has signed an agreement with Venezuela’s Ministry of Hydrocarbons and state oil company PDVSA to relaunch oil activities at the Junin-5 project in the Orinoco Belt. The agreement was signed following a meeting in Caracas between Eni Chief Executive Claudio Descalzi and Acting President Delcy Rodriguez. Junin-5 is a heavy... Continue Reading →
April 29 - TotalEnergies raised its dividend by 5.9% and doubled its share buybacks on Wednesday, angering French politicians pressing for a supertax on the oil major's windfall profits to aid consumers hit by higher prices linked to the Iran war. Total beat expectations with adjusted net income of $5.4 billion, a 29% jump from a year ago boosted... Continue Reading →
April 28 (Reuters) - BP's first-quarter profit more than doubled year-on-year to $3.2 billion - its highest since 2023 - the British oil major reported on Tuesday, beating expectations by 20% after the Iran war boosted its oil trading results. The spike in oil prices triggered by the war has helped European majors reap billions of dollars from the energy... Continue Reading →
April 28 (Reuters) - The United Arab Emirates said on Tuesday it was quitting oil-producers' group OPEC, as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf nations. The loss of the UAE, a longstanding OPEC member, could create disarray and weaken the group, which has usually sought to show a united front... Continue Reading →
April 27, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that it has entered into an agreement to acquire 100% of a portion of the ring-fence of the Argonauta Field (BC-10 Concession) in the Campos Basin, currently held by Shell (Shell Brasil Petróleo Ltda.), ONGC (ONGC Campos Ltda.), and Brava (Enauta Petróleo e Gás Ltda.).The... Continue Reading →
April 27 (Reuters) - Oilfield service companies that for years kept rigs and specialized equipment stored in Venezuela have begun removing them from warehouses for assembly and repair as the government advances a review of oil and gas contracts that could lead to fresh activity, four sources involved in the preparations said. Since a sweeping reform of... Continue Reading →
Brazil Energy Insight 