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Jan 16 (Reuters) - Oil executives and lawyers for international oil companies are lobbying the U.S. and Venezuelan governments for changes in the OPEC member's hydrocarbon law that would give them the right to freely export the oil they produce in Venezuela, sources involved in the talks said. As the administration of U.S. President Donald... Continue Reading →
Jan. 16 (Reuters) Abu Dhabi state oil firm ADNOC is weighing entering Venezuela's energy industry and could seek a partnership with another international producer to participate in the nation's gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter. Reuters could not immediately verify the report. XRG, ADNOC's international investments arm set... Continue Reading →
Jan. 16 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that, on January 15, 2026, it has entered into an agreement for the acquisition of the entire 50% equity interest currently held by PETRONAS Petróleo Brasil Ltda. (“PPBL”) in... Continue Reading →
Jan 15 (Reuters) - Several European partners of Venezuela's state-run oil company PDVSA, including Spain's Repsol, Italy's ENI and France's Maurel & Prom, have applied for U.S. licenses or authorizations to export oil from the OPEC country, six industry sources told Reuters. The requested terms are similar to those granted by Washington in past years,... Continue Reading →
Jan. 15 (OE) MODEC has commissioned Everllence to supply five compressor trains for its new Floating Production Storage and Offloading (FPSO) for the Gato do Mato - Orca Project offshore Brazil. The FPSO will be moored in the pre-salt area of the Santos Basin, approximately 200 kilometers south of Rio de Janeiro, at a water... Continue Reading →
Jan.14 (OE) ABS and AMOG Consulting have signed a memorandum of understanding (MOU) to collaborate on an offshore mooring digital twin. The agreement combines AMOG’s monitoring technology with ABS’ classification and certification capabilities to deliver a highly detailed integrity-monitoring solution for floating offshore assets. The system will provide a digital model of moorings, risers, and... Continue Reading →
Jan. 14 (OE) Eco (Atlantic) Oil & Gas has started discussions with the Government of Guyana regarding the continuation of its appraisal and exploration program on the offshore Orinduik Block, following the expiry of the license’s second renewal term. The Orinduik license reached the end of its second renewal term on January 14, 2026. Eco... Continue Reading →
Jan. 14 - The Tupi/Iracema field, located in the pre-salt layer of the Santos Basin, reached a production of 1 million barrels/day this Friday (January 9th), repeating the historic mark first achieved in 2019. This result aligns with Petrobras' new 2026-30 Business Plan, which foresees an increase in oil and gas production through the management... Continue Reading →
Jan. 13 (oilnow.gy) Guyana is preparing for its next major step in offshore oil production with the Uaru development, ExxonMobil’s upcoming project in the Stabroek Block. Rather than opening a new frontier, Uaru deepens production in an already proven basin. The project is built around scale. More than 800 million barrels of recoverable oil are... Continue Reading →
Jan. 13 (oilprice.com) Last year, upstream oil investment was projected to have declined 2.5% Y/Y to $420 billion after low oil prices put pressure on producers and slowed expansion plans. Companies across the industry continued to prioritize profitability, free cash flow, and debt reduction over aggressive production growth, a trend reinforced by macro uncertainty. The decline was... Continue Reading →
