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Sept. 10 (OE) TotalEnergies has made a new oil discovery at Acacia-5 in Angola's Block 17 and expects to bring it into production just three months after the June 2026 discovery, while expanding its exploration portfolio with operated interests in two additional offshore blocks. The Acacia-5 development will use available capacity on the Pazflor FPSO... Continue Reading →
Sept. 9 (OE) ExxonMobil has made a new hydrocarbon discovery at the Vicango East-01 exploration well in Angola’s offshore Block 15, marking the third discovery in the prolific block in the past four years. The well encountered about 25 metres (82 feet) of high-quality, hydrocarbon-bearing sandstone with porosity of 22%, Angola’s National Oil, Gas and... Continue Reading →
Sept. 8 (Reuters) - Argentina's government said on Monday it will file criminal charges against energy company Navitas Petroleum and its executives for operating in the Falkland Islands. The move follows remarks on Friday by Argentine President Javier Milei, who vowed to sanction oil companies drilling in the British overseas territory as he stepped up... Continue Reading →
Sept 7 (Reuters) - Argentina's rugged Patagonia is drawing increasing interest from investors searching for sites for mega data centers who are enticed by the region's cool temperatures, renewable energy, shale gas and empty stretches of land. As tech giants known as hyperscalers race worldwide to build server farms and run into roadblocks amid anti-data-center... Continue Reading →
Sept. 7 - On August 31, 2026, OceanPact—through its wholly-owned subsidiary Estaleiro Farol de São Tomé Ltda.—completed the acquisition of all outstanding shares of Dock Brasil Engenharia e Serviços S.A., a shipyard located in São Gonçalo, Rio de Janeiro. Following the fulfillment of all requisite corporate and regulatory steps, Dock Brasil has become part of... Continue Reading →
Sept. 7 - Petrobras has successfully met Ibama’s requirements and has been granted the license to drill three additional wells in block FZA-M-059, located in the Foz do Amazonas Basin. The new wells—named Manga, Crotalus, and PAD Morpho—will be crucial for the oil company to determine the reservoir's size and assess the area's commercial potential.... Continue Reading →
Sept 4 (Reuters) - Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts said on Friday. After nearly three decades in Venezuela, Eni has accumulated those receivables from state-owned oil group PDVSA. As Washington and... Continue Reading →
Sept 4 (Reuters) - Colombia's Grupo Gilinski and Geopark on Friday signed a deal to jointly develop the Bare oilfield in Venezuela with state oil company PDVSA, a ceremony on state television showed. The chariman of Grupo Gilinski, which is GeoPark's majority shareholder, Jaime Gilinski, appeared alongside interim President Delcy Rodriguez. "GeoPark has the proven... Continue Reading →
Sept. 3 (oilprice.com) Venezuelan opposition leader María Corina Machado is backing a long-term U.S. role in developing the country’s oil reserves, even as she questions who has the authority to sign the sweeping agreement announced by acting President Delcy Rodríguez. Machado said Thursday that the scope of the agreement remains unclear, including who is signing... Continue Reading →
Sept 3 (Reuters) - Shareholders of Dominion Energy and NextEra Energy approved the companies' proposed $66.8 billion merger deal, according to regulatory filings on Thursday. The companies had announced their plan to merge in May, which is expected to create one of the world's largest electric utilities during an expansion of energy-intensive data centers to support artificial intelligence. Virginia-based... Continue Reading →
