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Jan. 12 (OE) Navitas Petroleum has signed a non-binding agreement to farm into an offshore exploration license in the North Falklands Basin adjacent to its recently sanctioned Sea Lion oil development, as the operator advances plans to expand its footprint in the region. Eco (Atlantic) Oil & Gas said Navitas has entered into a non-binding... Continue Reading →
Jan. 12 (Reuters) U.S. oil producers already reeling from low oil prices are facing renewed pressures, as President Donald Trump pushes them to boost output in Venezuela - a move that would weaken the oil market, cut revenues and hurt industry at home. Trump has enacted policies that he says would unleash American energy and... Continue Reading →
Jan. 11 (OE) French tubular solutions supplier Vallourec has secured a significant contract with Shell for oil and gas project offshore Brazil. The agreement covers the supply of oil country tubular goods (OCTG) products and services for Shell’s offshore operations in the development of the Orca project, formerly known as Gato do Mato. The expected... Continue Reading →
Jan 9 (Reuters) - Exxon Mobil CEO Darren Woods said on Friday the U.S. oil major is ready to evaluate a potential return to Venezuela in what would be a stunning development after its assets in the South American country were nationalized nearly 20 years ago. Woods, however, said Venezuela was currently "uninvestable" and significant legal... Continue Reading →
Jan. 8 (PN) The National Petroleum Agency (ANP) has requested clarifications from Petrobras before authorizing the resumption of drilling at the Morpho well in the Foz do Amazonas Basin. The activity was suspended after two auxiliary lines connected to the ODN-II drillship, chartered by Foresea, registered a loss of drilling fluid last Sunday. The ANP... Continue Reading →
Jan. 9 (Reuters) Oil major Chevron Corp, global trading houses Vitol and Trafigura, and other firms are competing for U.S. government deals to export crude oil from Venezuela, according to sources familiar with the matter. The competition reflects a desire by many in the oil industry to access the South American country's crude stocks and... Continue Reading →
Jan. 8 - The Brazilian Institute of Environment and Renewable Natural Resources (Ibama) sent an official letter to Petrobras (PETR3;PETR4), requesting technical information about the biodegradable fluid leak accident during offshore drilling activity in Block FZA-M-59, on the Equatorial Margin. The letter was sent by the General Coordination of Environmental Licensing of Marine and Coastal... Continue Reading →
Jan. 8 (oilnow.gy) Axess Group has secured a long-term Asset Integrity Management contract with Noble Corporation for operations offshore Guyana. The agreement covers inspection and certification services for four Noble drillships operating in Guyana’s offshore basin. The work is aimed at supporting safety, regulatory compliance, and operational performance. Under the contract, Axess said on January... Continue Reading →
Jan. 8 (OE) Norwegian offshore vessel owner Solstad Offshore has extended the previously agree four-year contract with Petrobras for its anchor handling tug supply (AHTS) vessel Normand Turquesa. The current Normand Turquesa contract with Petrobras has been extended by one year, and the start of the previously announced four-year contract has been amended from the... Continue Reading →
Jan. 7 (oilnow.gy) U.S. net imports of crude oil from Guyana rose to record levels in 2025, supported by rising offshore production and growing demand from U.S. refiners, according to data from the U.S. Energy Information Administration (EIA). Based on EIA data for the first 10 months of the year, U.S. net imports from Guyana... Continue Reading →
Brazil Energy Insight 