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(Reuters) - Argentine state-run oil producer YPF could see its core earnings this year slide on lower crude prices, a presentation to investors showed on Friday. The firm currently estimates its earnings before interest, taxes, depreciation and amortization (EBITDA) in 2025 will range between $5.2 billion and $5.5 billion, assuming Brent crude prices at $72.5 a barrel.... Continue Reading →
(Reuters) - Lower oil prices could reduce Colombian state-run oil firm Ecopetrol's profits by up to 12 trillion pesos ($2.76 billion) this year, the company's president warned on Friday. Ecopetrol may also have to scrap production at some fields and focus on those with lower costs, president Ricardo Roa told journalists on the sidelines of an... Continue Reading →
(oilprice.com) Despite the recent slump in international oil prices, YPF CEO Horacio Marín remains confident in the resilience of Argentina’s energy sector—particularly the viability of Vaca Muerta. Speaking to Infobae en Vivo, Marín stressed that YPF can sustain profitable operations even if crude prices drop to $40 or $45 per barrel. “We made ourselves resilient at... Continue Reading →
(oilnow.gy) According to its 2024 annual report, Hess Corporation plans to return 94% of its net undeveloped acreage, primarily to Guyana and Suriname, over the next three years. In Guyana, Hess has a 30% stake in the 6.6-million-acre Stabroek Block. A relinquishment of 20% of the block is due, minus exploration and production acreage, as well as... Continue Reading →
Petrobras' Board of Directors (CA) has reappointed Magda Chambriard as the company's CEO for a two-year term, from April 13, 2025 to April 13, 2027. She has been at the helm of the company since June of last year, when she replaced Jean Paul Prates. The oil company's CA also approved the reappointment of seven... Continue Reading →
In late March, efen and Wilson Sons carried out the first HVO (hydrotreated vegetable oil) fuelling operation in Brazil’s maritime sector. The operation was conducted at the Açu Liquid Bulk Terminal (TLA), owned by Vast Infraestrutura. Approved in February by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), this is the first HVO... Continue Reading →
(OE) Gazelle Wind Power, a Dublin-based floating wind developer, has secured a 10-year TUPEM (Titulo de Utilizacao Privativa do Espaco Marítimo) authorization, clearing the way for the deployment of its 2 MW Nau Azul floating wind demonstrator project off Portugal. Issued by Portugal’s Directorate-General for Natural Resources, Safety and Maritime Services (DGRM), the TUPEM authorization... Continue Reading →
(Reuters) - Brazil's Petrobras is weighing opportunities from an oil block auction set to take place this year in India, said the state-run oil firm's head of exploration and production, Sylvia dos Anjos, on Thursday. Petrobras has already collected data to analyze the potential of the offshore areas on offer in deep and ultra-deep waters,... Continue Reading →
Dutch FPSO leasing specialist SBM Offshore has signed a $1.1 billion unsecured Revolving Credit Facility (RCF) with a group of 13 international banks. The loan will be used to refinance its existing $1.0 billion RCF which was due to expire in February 2026. The new RCF has a tenor of five years and two one-year... Continue Reading →
(OE) U.S. offshore drilling contractor Noble Corporation has secured a contract extension with Petrobras for its Noble Discoverer semis-submersible rig offshore Colombia. Petrobras Colombia has exercised, extending the contract for Noble Discoverer rig for an additional 390 days. This extends the contract to approximately August 14, 2026. An unpriced option for an additional extension into... Continue Reading →
Brazil Energy Insight 