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(Reuters) - A South African court has rescinded an environmental authorization granted to TotalEnergies and its joint venture partner Shell to explore for oil in a block off the Cape coast, a court judgment seen by Reuters showed. However, the court said TotalEnergies should be given a chance to rectify deficiencies identified, including a failure to properly... Continue Reading →
Aug.14 (OE) Golar LNG Limited cemented its position as one of the most active players in the floating LNG (FLNG) market, announcing Q2 2025 results alongside major long-term contracts that add $13.7 billion to its Adjusted EBITDA backlog. The new deals—both with Argentina’s Southern Energy S.A. (SESA)—cover redeployment of the FLNG Hilli and the company’s... Continue Reading →
AUG.13 (Offshore Technology) Colombia's state oil company Ecopetrol, has reported a 46% decrease in net profit for the second quarter (Q2) due to declining global oil prices and slight production decreases. The company's net profit fell to approximately $450m (1.81trn pesos), down from the previous year's equivalent of $840m, with total sales also decreasing by... Continue Reading →
Aug 12 (Reuters) - Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the U.S. energy major finds reserves in a large deepwater area it was awarded on Tuesday to explore for oil and gas in the Caribbean country, Energy Minister Roodal Moonilal said. Moonilal was speaking at an event... Continue Reading →
Aug 11 (Reuters) - Brazilian businessman Nelson Tanure may give up on his bid to acquire a controlling stake in Latin America's largest petrochemical firm Braskem as his exclusive negotiations window nears closing without an agreement to resolve claims from an environmental incident linked to the company. Last May, Tanure signed a 90-day exclusivity document to discuss... Continue Reading →
Aug. 11 (OE) Ambipar and SBM Offshore announced a solution for cleaning cargo oil tanks on (FPSOs), a solution that importantly is geared to completely remove humans from entering tanks during cleaning activities. “This robotic solution marks a turning point for the offshore industry. By automating a traditionally hazardous process, we are not only enhancing... Continue Reading →
(PN) Petrobras is conducting two initiatives focused on Tupi, the country's largest producing field, located in the Santos Basin pre-salt layer. The company's Director of Exploration and Production, Sylvia dos Anjos, announced that the asset is receiving special attention with the aim of extracting more value and increasing production in the area. Furthermore, the company... Continue Reading →
Aug 8 (Reuters) - Groups vying for control of Brazilian petrochemical producer Braskem are expected to resist a sale of its U.S. assets, three people close to the discussions told Reuters. Brazilian chemical company Unipar is in talks to acquire Braskem's polypropylene plants in Texas, Pennsylvania, and West Virginia for around $1 billion, according to a report... Continue Reading →
Aug. 11 - 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 August 8, 2025, the Company's Board of Directors unanimously elected Mr. Richard Kovacs to the position of Chairman of the Board of Directors, following the resignation of... Continue Reading →
(offshore-energy.biz) Given its interest in unlocking oil and gas growth, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed its plans to award 220 oil blocks, spanning the African country’s onshore and offshore basins, in its latest hydrocarbon licensing bid round. This entails 59 offshore blocks located in deep water. According to the African Energy... Continue Reading →
