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Aug. 27 (oilprice.com) The Trump administration is reportedly in active discussions with Venezuela’s interim government to acquire a direct U.S. ownership stake in key Venezuelan oil fields. According to senior U.S. officials cited by Axios, the talks involve equity stakes in a select group of high-yield fields containing approximately 90 billion barrels of proven crude—a transaction... Continue Reading →
Aug. 24 (oilprice.com) More than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven’t returned to operating oilfields in the world’s largest oil reserves holder. Chevron, which has operated in Venezuela throughout Maduro’s reign, is extracting and exporting oil to the U.S., but neither ExxonMobil... Continue Reading →
Aug 19 (Reuters) - Oil service provider SLB and private equity firm Formentera Partners are working to either reactivate oil rigs in Venezuela or import additional rigs into the country in the coming months, executives from both firms said on Wednesday during a conference in Houston. Energy-focused Formentera is in discussions with international service providers to... Continue Reading →
Aug. 19 (oilprice.com) Venezuela has signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, Bloomberg reported, citing a TV statement made by the South American country’s oil minister, Paula Henao. One of the deals involves development of two fields and the other... 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 (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 →
July 8 (PN) After several postponements, Petrobras is expected to stick to the deadline for opening bid envelopes for the FPSO that will operate in the Albacora field revitalization project in the Campos Basin. The tender process, originally launched in March 2025, has faced several delays along the way. The current deadline for submitting proposals... Continue Reading →
July 2 (cenarioenergia) - The Administrative Council for Economic Defense (Cade) has approved, without restrictions, Petrobras' entry into the Itaimbezinho exploration block, located offshore in the Campos Basin and contracted under the production-sharing regime. The transaction involves acquiring a 50% stake currently held by Equinor—a move that reinforces the Petrobras' strategy to expand its exploration... Continue Reading →
Rio de Janeiro, June 23, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with Petróleos Mexicanos (PEMEX), with the purpose of establishing strategic and technical cooperation for the assessment, development and joint execution of projects in the hydrocarbons industry, including the development of opportunities in the... Continue Reading →
June 17 (Reuters) Venezuela's state oil company PDVSA and Spanish energy group Repsol REP.MC have signed a crude and gas agreement to boost output in northwestern Venezuela, officials from the two companies said on Tuesday. PDVSA President Hector Obregon said at an event at the government palace the deal offers "exploration opportunities" on the eastern... Continue Reading →
Brazil Energy Insight 