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Feb 25 (Reuters) - Angola's state oil company Sonangol is talking to Chinese financial institutions to secure a $4.8 billion loan to partly finance the construction of a new refinery in the Atlantic sea port of Lobito, it said on Wednesday. The financing, if completed, will mark the first borrowing by the Southern African oil... Continue Reading →
Feb. 25 (Reuters) Italian oil contractor Saipem is ready to resume activities in Venezuela for both offshore and onshore projects after the easing of U.S. sanctions, Chief Executive Alessandro Puliti said on Wednesday. "Things in Venezuela are changing very quickly. It's a country where we worked a lot in the past, and we are ready... Continue Reading →
Feb. 25 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), communicates its investors and the market in general that received the industry's top O&G award and reaches a level of worldwide excellence. For the first time, an independent Brazilian company wins the OTC Distinguished Achievement Award for Companies. The achievement stems from the development... Continue Reading →
Feb. 25 (OE) Saipem has released its preliminary results for the fourth quarter and financial year 2025, confirming, for the fourth consecutive year, the trajectory of growth and improvement in profitability together with a further acceleration in cash generation. Revenue stood at €15.5 billion in 2025, a growth of 6.5% compared to the previous year,... Continue Reading →
Feb 24 (Reuters) - The oil industry needs crude prices to rise and sustain at $70 per barrel in order to grow output, executives said on Tuesday. U.S. oil production can be maintained at its current level in the $60 to $65 price range, said Vicki Hollub, CEO of U.S. oil producer Occidental, during an... Continue Reading →
Feb 24 (Reuters) - Argentina's shale oil resource could be similar in size to that of the Permian Basin, the top oilfield in the U.S., Continental Resources CEO Doug Lawler said on Tuesday. Argentina's projections show that oil output could reach 1.5 million to 2 million barrels per day in the next few years, but... Continue Reading →
Feb. 24 (oilnow.gy) ExxonMobil’s exploration licence for the Canje Block will expire next week, according to information from the Ministry of Natural Resources. Minister of Natural Resources Vickram Bharrat told Reuters the offshore block is set to expire soon. Ministry staff subsequently confirmed to OilNOW that the specific expiry date is March 4, 2026. The Canje Block... Continue Reading →
Feb. 24 (offshoreWIND.biz) The installation of the first wind turbine at Ørsted’s Sunrise Wind project site in the US is expected to start soon, as Cadeler’s vessel Wind Scylla, which was installing Revolution Wind turbines and is now in port, is planned to deploy to Sunrise Wind next. According to a Notice to Mariners issued by... Continue Reading →
Feb 24 (PN) Petrobras President Magda Chambriard announced that the company completed the anchoring of the P-79 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, in record time. The activity was completed in just 12 days, an unprecedented milestone for the company among its... Continue Reading →
Feb. 23- ANP will hold a public hearing on March 13th to discuss the update of the Permanent Production Sharing Offer tender, with the inclusion of 15 new exploratory blocks. The current tender includes eight blocks (Jade, Ágata, Amazonita, Safira Leste, Safira Oeste, Larimar, Turmalina and Ônix). With the addition of the new blocks (Cruzeiro... Continue Reading →
Brazil Energy Insight 