Brought to you by Quest Offshore & Southern Cone Consultants
Aug 13 (Reuters) - BP, in partnership with United Arab Emirates' firm XRG and a unit of Qatar's conglomerate UCC Holding, has secured a license to explore and develop the second phase of Venezuela's offshore Loran gas field, the British company and government officials said on Thursday. The agreement, signed in Caracas and broadcast on... Continue Reading →
Aug. 13 - The government also signed significant decrees for the energy industry. The first regulates the implementation of the National Low-Carbon Hydrogen Policy. The decree puts into practice mechanisms for governance, certification, tax incentives, and investment promotion, laying the groundwork for the National Hydrogen Program (PNH2) and the Low-Carbon Hydrogen Development Program (PHBC). It... Continue Reading →
Aug. 13 (oilprice.com) Over the past couple of years, Colombia’s clean energy transition has shifted into overdrive under President Gustavo Petro’s "Just Energy Transition" agenda, with the country pivoting away from fossil fuels towards wind and solar energy. Petro, Colombia’s first ever left-wing president, instituted a strict ban on signing new oil, gas and coal exploration contracts... Continue Reading →
Aug. 11 (Forbes) An innovative pilot project in the Netherlands - focused on energy transition solutions - has reached a milestone moment of producing its first batch of green hydrogen on an active natural gas platform in the North Sea. The project - PosHYdon - led by a consortium of partners with support of the Dutch Ministry... Continue Reading →
Aug. 11 (Reuters) Nigerian President Bola Tinubu approved a new regulatory and fiscal framework for offshore oil and gas projects, his office said on Tuesday, a move the government says could attract up to $50 billion in investment and revive long-delayed developments. Nigeria has struggled in recent years to attract new upstream oil investment amid... Continue Reading →
Aug. 11 (oilnow.gy) Two major offshore oil stories have unfolded on opposite sides of the Guyana-Suriname Basin, but the distance between discovery and production has been very different. Guyana went from the Liza discovery in May 2015 to first oil in December 2019, less than five years later. Its first final investment decision (FID) came in... Continue Reading →
Aug. 10 (offshore-energy.biz) Italian energy giant Eni has struck a deal with Texas-headquartered oil and gas company APA Corporation to acquire a stake in a block off the coast of Uruguay. APA has signed an agreement with Eni, enabling the Italian firm to become a strategic partner in Block 6 offshore Uruguay. As a result, the U.S.... Continue Reading →
Aug 10 (Reuters) - Argentina's state oil firm YPF on Monday reported a net profit of $1.21 billion in the second quarter of 2026, compared with $58 million seen a year earlier, citing higher shale production, record processing levels and a hike in international prices. The state-run producer's revenues reached $6.57 billion during the April-to-June... Continue Reading →
Aug 10 (Reuters) - BP has agreed to sell a 20% stake in a block that contains the Trinidad portion of the cross-border Cocuina-Manakin natural gas field to the country's state-owned National Gas Company, the company said on Monday in an emailed statement. BP and NGC signed the deal for the stake in the Manakin portion... Continue Reading →
Aug. 10 (splash247.com) Japan’s Sumitomo Corporation has bought a 33.3% equity interest in the Gwynt Glas offshore wind farm, developed by EDF and Electricity Supply Board (ESB) in the Celtic Sea. The acquisition marks Sumitomo’s first participation in a floating offshore wind project. The project involves the development, construction, and operation of a floating offshore... Continue Reading →
