Argentina's government said on Monday it will file criminal charges against energy company Navitas Petroleum and its executives for operating in the Falkland Islands.The move follows remarks on Friday by Argentine President Javier Milei, who…
Brazil's government expects to raise 22.4 billion reais ($4.4 billion) from an extraordinary pre-salt oil auction in 2027, according to an annex to the budget bill submitted to Congress, a revenue source that will be crucial to achieving its…
Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts said on Friday.After nearly three decades in Venezuela, Eni…
Argentine President Javier Milei's push for sanctions on oil companies drilling offshore in the British-controlled Falkland Islands has put Israeli investors at the centre of a sovereignty dispute over which Britain and Argentina went to war in 1982…
Argentine President Javier Milei said on Thursday he would tighten sanctions on companies involved in oil projects around the Falkland Islands, boost defense resources in the country's south and send Congress a bill aimed at strengthening Argentina's…
From Canada to Argentina, oil producers across the Americas have enjoyed a windfall during the Iran war by capturing market share lost by Middle Eastern exporters. The renewed focus on energy security globally could transform this emergency response into a lasting structural change…
Floatel International has secured a letter of intent for its Floatel Triumph semi-submersible unit to provide Maintenance and Safety Unit (MSU) services offshore Brazil for four to eight months.The assignment is scheduled to start in the first quarter of 2027…
Singapore's Seatrium is preparing for the sailaway of two floating production, storage and offloading (FPSO) units for Brazil's Petrobras, with the P-80 and P-82 vessels scheduled to depart within weeks of each other.The two vessels were marked…
British oil major Shell has shelved its Aphrodite offshore gas project in Trinidad and Tobago after disagreements over commercial terms with Trinidad's National Gas Company, three people familiar with the decision said on Monday.Shell had given…
MODEC has informed that the Errea Wittu floating production, storage and offloading (FPSO) vessel arrived to Guyana ahead of deployment at ExxonMobil’s project in the Stabroek block.Developed for ExxonMobil Guyana, the FPSO will integrate the development of the Snoek…
Petrobras has entered direct negotiations for exploration contracts covering four offshore blocks in Ghana's Keta Basin after the country's Ministry of Energy and Green Transition approved the company's application.Petrobras said it had submitted…
Petrobras has identified the presence of hydrocarbons in an exploratory well being drilled in block FZA-M-59, in deep waters off the coast of Amapá in the Amazon River mouth sedimentary basin on the Brazilian equatorial margin.The Morpho well…
Siemens Energy has been selected by SBM Offshore, a Dutch provider that manages floating oil production platforms, to supply power generation and gas compression systems for Petrobras.The equipment’s will be installed on the floating production…
BP has agreed to acquire Woodside Energy's 70% interest in Block TTDAA 14, which contains the Calypso gas project offshore Trinidad and Tobago, increasing its stake to 100% and assuming operatorship.The transaction is expected to close by the end of 2026…