Rio Oil And Gas News

 

Philippines Makes First Offshore Gas Discovery in Over a Decade

Jan 19, 2026

The Philippines has made its first natural gas discovery in more than a decade after gas and condensate were found at a well near the Malampaya gas field off the island of Palawan, President Ferdinand ‘Bongbong’ Marcos Jr. announced.The well…

Kazakhstan’s Chevron-led Tengiz Field Halts Production after Fire

Jan 19, 2026

Kazakh oil producer Tengizchevroil, led by Chevron, said on Monday that it had temporarily halted production at the Tengiz and Korolev oilfields after an issue affected power distribution systems.The statement came a day after Kazakhstan's state…

Brava Energia to Buy Petronas Stake in Campos Basin Assets for $450M

Jan 16, 2026

Brazil’s Brava Energia has signed an agreement to acquire Petronas’ 50% equity interest in the Tartaruga Verde field and in Module III of the Espadarte field in the Campos Basin, in a transaction valued at $450 million.The assets are located…

ADNOC Considering Entry Into Venezuela Gas Sector

Jan 16, 2026

Abu Dhabi state oil firm ADNOC is weighing entering Venezuela's energy industry and could seek a partnership with another international producer to participate in the nation's gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter…

Petrobras Oil Output Rises 11% in 2025

Jan 16, 2026

Brazilian state-run oil firm Petrobras produced 2.40 million barrels of oil per day in 2025, up 11% from the previous year and surpassing the upper limit of the company's own target by 0.5 percentage points, it said on Thursday.Total oil and gas production reached 2…

MODEC Picks Everllence Compression Systems for Brazil FPSO

Jan 15, 2026

MODEC has commissioned Everllence to supply five compressor trains for its new Floating Production Storage and Offloading (FPSO) for the Gato do Mato - Orca Project offshore Brazil.The FPSO will be moored in the pre-salt area of the Santos Basin…

Saudi Aramco and Commonwealth LNG Ink Long-Term Supply Deal

Jan 15, 2026

Saudi Aramco and Commonwealth LNG have signed a long-term contract for the U.S. LNG developer to supply the world's largest oil exporter with 1 million metric tonnes per annum (mtpa), three people familiar with the deal tell Reuters.The deal…

Bulgarian Energy Holding to Acquire 10% Stake in Black Sea Oil Exploration Block

Jan 14, 2026

Bulgaria's state-owned energy group Bulgarian Energy Holding will acquire a 10% stake in oil and gas exploration rights for the Han Asparuh block in the Black Sea, the government said on Wednesday.The Council of Ministers approved the deal, allowing BEH to buy 5% each from OMV Offshore Bulgaria…

Current News

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Norway Oil and Gas Investment

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