Automation, emissions reduction to define next generation of FPSOs — MODEC

March 16, (oilnow.gy) Automation, digital technologies, and emissions reduction are expected to shape the next generation of floating production, storage and offloading (FPSO) vessels, according to discussions at the Deepwater Development Conference in Lisbon, Portugal. The conference, hosted by World Oil and Gulf Energy Information, continued on March 11 with contractor panels, technical sessions, and... Continue Reading →

March 16, 2026 0

Deepwater to remain a core growth engine as Brazil and Guyana underpin production growth

March 16 (oilnow.gy) Deepwater oil and gas development will remain a major driver of global supply, with Brazil and Guyana expected to underpin production growth, according to discussions at a recent Deepwater Development Conference in Lisbon, Portugal. The conference, organized by World Oil and Gulf Energy Information, opened on March 10 with an operator panel,... Continue Reading →

March 16, 2026 0

Argentina says US Justice Dept backs bid to halt discovery in YPF nationalization case

March 14 (Reuters) - The U.S. Justice Department has filed a memorandum supporting Argentina's bid to suspend a discovery process in a New York court case tied to the 2012 nationalization of ‌state oil company YPF, Argentina's Treasury Attorney's Office said on Saturday. The filing, submitted to the Southern District Court of New York, argues the current... Continue Reading →

March 16, 2026 0

Colombia says Venezuela’s PDVSA plans to end pipeline contract with Ecopetrol

March 14 (Reuters) - Colombia's Energy Minister Edwin Palma said Venezuela's state oil company PDVSA intends to end a contract with Colombia's Ecopetrol over the Antonio Ricaurte pipeline, saying there was insufficient investment to repair it. In a post ‌on X on Saturday, Palma said the government plans to meet with the U.S. government on... Continue Reading →

March 16, 2026 0

Venezuela, Repsol Agree Strategic Deal to Boost Gas Output

March 15 (Reuters) Venezuela and Spanish energy group Repsol have signed "strategic agreements," the government of the South American country said in a statement on Thursday. Speaking on state-run television, acting President Delcy Rodriguez said the agreement will allow for gas production at Cardon IV, which is a 50-50 joint venture between Repsol and Italy's... Continue Reading →

March 13, 2026 0

Brazil scraps taxes on diesel, imposes levy on oil exports after price spike

March 12 (Reuters) - Brazil's government scrapped taxes on diesel while imposing a levy on oil exports in a move on Thursday that could affect state-run ‌oil firm Petrobras , as the country seeks to soften the blow of the recent spike in global oil prices. President Luiz Inacio Lula da Silva's administration said the... Continue Reading →

March 12, 2026 0

Noble rig secures $375,000 dayrate contract to drill wells offshore Trinidad and Tobago

March 12 (oilnow.gy) Global offshore rig activity remained steady at the start of 2026, with several new drilling contracts awarded, including a major fixture offshore Trinidad and Tobago. In a March 11 LinkedIn update, Westwood Global Energy Group said the offshore rig market maintained stable utilisation levels across the global fleet. The firm reported that... Continue Reading →

March 12, 2026 0

Eco Atlantic to acquire JHI in US$52M deal, gaining stake in Falklands basin and Guyana’s Canje Block

March 12 (oilnow.gy) Eco (Atlantic) Oil & Gas Ltd. announced on March 11, 2026 that it has signed a binding agreement to acquire the remaining shares of JHI Associates, Inc., a move that deepens the company’s exposure to offshore Guyana while adding a new exploration position in the North Falkland Basin. The Toronto-based exploration company... Continue Reading →

March 12, 2026 0

Brava Energia Earnings Release – 4Q25 & 2025

Rio de Janeiro, March 11, 2026 – Brava Energia (“Brava” or the “Company”) (B3: BRAV3) announces its results for the fourth quarter and full year of 2025 (“4Q25” or “2025,” respectively):. ¹corresponding to the stake held by the Company in each portfolio asset. ² including inter-Company transactions. 4Q25 & 2025 HIGHLIGHTS AND SUBSEQUENT EVENTSProgress across... Continue Reading →

March 12, 2026 0

PRIO Reports US$2.5 Billion in Revenue in 2025 with Operational Expansion at Peregrino

March 11- PRIO, the largest independent oil and gas company in the country, ended 2025 with total revenue of US$2.5 billion, driven by a 27% increase in production and sales compared to the previous year. The performance was marked by important achievements, such as the acquisition of the Peregrino field, the development of the Wahoo... Continue Reading →

March 11, 2026 0

Blog at WordPress.com.

Up ↑

Category: Operators

Automation, emissions reduction to define next generation of FPSOs — MODEC

Deepwater to remain a core growth engine as Brazil and Guyana underpin production growth

Argentina says US Justice Dept backs bid to halt discovery in YPF nationalization case

Colombia says Venezuela’s PDVSA plans to end pipeline contract with Ecopetrol

Venezuela, Repsol Agree Strategic Deal to Boost Gas Output

Brazil scraps taxes on diesel, imposes levy on oil exports after price spike

Noble rig secures $375,000 dayrate contract to drill wells offshore Trinidad and Tobago

Eco Atlantic to acquire JHI in US$52M deal, gaining stake in Falklands basin and Guyana’s Canje Block

Brava Energia Earnings Release – 4Q25 & 2025

PRIO Reports US$2.5 Billion in Revenue in 2025 with Operational Expansion at Peregrino

Archives

Contact Us