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Jan. 6 (Reuters) U.S. President Donald Trump is giving U.S. energy companies the opportunity to revive Venezuela’s massive, derelict oil industry. It’s an offer they may want to refuse. After the U.S. military’s ouster of Venezuelan President Nicolas Maduro at the weekend, representatives of the Trump administration plan to meet with oil executives later this... Continue Reading →
Jan 5 (Reuters) - The Trump administration did not consult with oil companies Exxon Mobil, ConocoPhillips, or Chevron Corp about Venezuela before or after U.S. forces captured the South American country’s president Nicolas Maduro Jan. 3, according to four oil industry executives familiar with the matter. That contradicts President Donald Trump's assertion aboard Air Force One... Continue Reading →
Jan. 5 - M&O has entered a new strategic partnership with Enaimco, a Canadian technology provider offering an advanced SaaS platform designed to optimize subsea operations across the full asset lifecycle—from construction to abandonment. The Enaimco Platform bridges the gap between historical records and active operations to establish a Verified Point of Truth for streamlining... Continue Reading →
Jan 5 (Reuters) - Here are key facts about international oil companies in Venezuela, a country with the world's largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from several foreign oil companies, strengthening state-owned PDVSA’s control over the country's oilfields. Today, foreign... Continue Reading →
Jan. 5 - In November 2025, Brazil produced 4.921 million barrels of oil equivalent per day (boe/d) of oil and natural gas. The data was released today by the ANP in its Monthly Oil and Natural Gas Production Bulletin. Regarding oil, 3.773 million barrels per day (bbl/d) were extracted, a 6.4% decrease compared to the... Continue Reading →
Jan. 5 (Reuters) Brazilian state-run oil firm Petrobras expects to start production at its P-79 oil platform in the Santos Basin in the second quarter, director for engineering, technology and innovation Renata Baruzzi told Reuters on Friday. Petrobras had previously projected the start of production at the P-79 platform for August this year. The platform... Continue Reading →
Jan. 5 (offshoreWIND.biz) The Goto floating wind farm, Japan’s first commercial floating offshore wind farm, entered full operation on 5 January 2026, according to the consortium behind the project consisting of Toda Corporation, ENEOS Renewable Energy Corporation, Osaka Gas, INPEX Corporation, Kansai Electric Power Co. (KEPCO), and Chubu Electric Power. The 16.8 MW wind farm... Continue Reading →
Jan 2 (Reuters) - Norwegian energy group Equinor said on Friday it had filed a civil suit in the U.S. District Court for the District of Columbia challenging a U.S. Department of the Interior order to suspend its Empire Wind project. "As part of that case, Empire plans to seek a preliminary injunction and allow construction... Continue Reading →
Jan. 3 (oilprice.com) Suriname’s government, in the capital Paramaribo, has been hungrily eyeing neighboring Guyana’s massive world-class oil boom since before the 2020 pandemic. Both impoverished South American nations of less than one million share the Guyana Suriname Basin. The offshore basin is delivering an oil boom that is exceeding all expectations, making Guyana, based... Continue Reading →
Jan 3 (Reuters) - Venezuela is unlikely to see any meaningful boost to crude output for years even if U.S. oil majors do invest the billions of dollars in the country that President Donald Trump promised just hours following Nicolás Maduro's capture by U.S. forces. The South American country may have the world's largest estimated oil reserves,... Continue Reading →
Brazil Energy Insight 