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April 30 (oilnow.gy) ExxonMobil Guyana has awarded the Noble Developer a one-well contract at a day rate of US$375,000 to drill a prospect in the Stabroek Block offshore Guyana. The contract is scheduled to commence in early 2027. ExxonMobil Guyana said it contracted the rig “to drill a prospect in the shallow water portion of... Continue Reading →
April 29 (OE) Italy’s Eni has signed an agreement with Venezuela’s Ministry of Hydrocarbons and state oil company PDVSA to relaunch oil activities at the Junin-5 project in the Orinoco Belt. The agreement was signed following a meeting in Caracas between Eni Chief Executive Claudio Descalzi and Acting President Delcy Rodriguez. Junin-5 is a heavy... Continue Reading →
April 29 (OE) Ocean Winds (OW), a 50-50 joint venture between EDPR and ENGIE, has installed the final turbine at its Îles d’Yeu and Noirmoutier (EMYN) offshore wind farm in France. The installation of the final turbine marks the completion of construction works, as the project transitions into full operational phase.Located off the coast of... Continue Reading →
April 29 - TotalEnergies raised its dividend by 5.9% and doubled its share buybacks on Wednesday, angering French politicians pressing for a supertax on the oil major's windfall profits to aid consumers hit by higher prices linked to the Iran war. Total beat expectations with adjusted net income of $5.4 billion, a 29% jump from a year ago boosted... Continue Reading →
April 29 - Wilson Sons, a port and maritime logistics operator with more than 188 years of experience, is set to conduct its first drone operations to deliver and pick up documents for platform supply vessels (PSVs) and to perform other services in Guanabara Bay. The initiative began last year in the Port of Salvador... Continue Reading →
April 28 (Reuters) - BP's first-quarter profit more than doubled year-on-year to $3.2 billion - its highest since 2023 - the British oil major reported on Tuesday, beating expectations by 20% after the Iran war boosted its oil trading results. The spike in oil prices triggered by the war has helped European majors reap billions of dollars from the energy... Continue Reading →
April 28 (Reuters) - The United Arab Emirates said on Tuesday it was quitting oil-producers' group OPEC, as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf nations. The loss of the UAE, a longstanding OPEC member, could create disarray and weaken the group, which has usually sought to show a united front... Continue Reading →
April 27 (Reuters) - President Donald Trump's administration said on Monday that it had reached a deal to end two more U.S. offshore wind leases in exchange for $885 million in pledged investments in domestic fossil fuels. The projects, one in the Atlantic and one in the Pacific, are managed by Ocean Winds, a joint... Continue Reading →
April 27 (Reuters) - Camuzzi Gas Inversora and Vitol signed a memorandum of understanding for Argentina's LNG del Plata project, the Argentine firm said on Monday, with Vitol potentially acquiring up to 100% of production and evaluating an equity investment. The project, currently wholly owned by Camuzzi, is located at the Port of La Plata... Continue Reading →
April 27, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that it has entered into an agreement to acquire 100% of a portion of the ring-fence of the Argonauta Field (BC-10 Concession) in the Campos Basin, currently held by Shell (Shell Brasil Petróleo Ltda.), ONGC (ONGC Campos Ltda.), and Brava (Enauta Petróleo e Gás Ltda.).The... Continue Reading →
