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Jan 22 (Reuters) - Oil major Shell is considering a sale of its assets in Argentina's Vaca Muerta shale play and has approached potential buyers in recent weeks to gauge their interest, three sources familiar with the matter told Reuters. Shell is open to selling some or all of its interests in the highly sought shale... Continue Reading →
Jan. 23 (oilnow.gy) A consortium led by TotalEnergies completed payment of a US$15 million signing bonus to Guyana in December for offshore exploration rights to Block S4, according to a report published in the December 30 Official Gazette. The group, which includes QatarEnergy and Petronas, secured Block S4 in Guyana’s first offshore licensing round, which closed... Continue Reading →
Jan. 22 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) will continue developmental drilling operations at the Liz_3P13 Drill Center, part of the Liza Phase 2 Project in the Stabroek Block, according to a Notice to Mariners issued by the Maritime Administration Department (MARAD) this week. The drilling campaign commenced on January 18, 2026, and will conclude on... Continue Reading →
Jan. 22 (OE) TMC Compressors has secured a contract by COSCO Shipping Heavy Industry to deliver a complete marine compressed air system to SBM Offshore’s newbuild floating storage and offloading (FSO) unit Chalchi. The FSO Chalchi is bound for deployment at the Trion deepwater oil field, offshore Mexico, operated by Mexcian unit of Australia’s oil... Continue Reading →
Jan. 20 (oilprice.com) A three-day strike at Peru’s state oil company began Monday as workers protested government plans to open the company to private investment, a move that comes as Petroperu also weighs bringing in outside management for its debt-laden Talara refinery. Workers at state-owned Petroperu launched the strike in opposition to what unions describe... Continue Reading →
Jan. 20 (oilprice.com) Oil production in South America’s Guyana has gone from strength to strength in recent years, as international oil majors develop several new oil-producing regions. This has led Guyana to become one of the most-promising oil producers in the Americas, with high hopes for the future of “low-carbon” oil production. Now, following the United... Continue Reading →
Jan 20 (Reuters) - Portuguese energy firm Galp will focus on growing its upstream business from oilfields in Brazil and Namibia and may list parts of its newly formed downstream business in a couple of years, its co-chief executive Joao Diogo Marques da Silva told Reuters on Tuesday. The company said earlier this month it was in... Continue Reading →
Jan 19 (Reuters) - Swedish investment platform Maha Capital is seeking approval from the United States to acquire an indirect minority stake in a PDVSA-controlled oil firm, Maha's chairman of the board, Paulo Thiago Mendonca, told Reuters on Friday. The firm has until May to exercise an option for a majority stake in a Novonor subsidiary... Continue Reading →
Jan 19 (Reuters) Mexican conglomerate Grupo Carso, controlled by magnate Carlos Slim, will buy out Lukoil to hold a full stake in the Ichalkil and Pokoch offshore oil fields, the firm said in a filing on Monday. In the deal, Grupo Carso will buy Lukoil subsidiary Fieldwood Mexico for $270 million, along with paying off $330 million of... Continue Reading →
By Rystad Energy Jan. 19 (oilprice.com) The country faces the challenge of reinforcing its pipeline network to absorb growing pre-salt gas while managing declining imports from Bolivia. Although higher volumes of Argentine gas are expected to reach Brazil via Bolivia over the medium to long term, network upgrades will be required to ensure security of supply... Continue Reading →
Brazil Energy Insight 