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…
President Donald Trump said that American oil companies were prepared to tackle the difficult task of entering Venezuela and investing to restore production in the South American country, an announcement that came just hours after Nicolás Maduro was captured and removed by U…
The U.S. military’s ouster of Venezuelan President Nicolás Maduro is set to swiftly reroute the country’s oil exports back toward the United States – and away from China. That will give U.S. refiners an immediate boost, but President Donald…
Norwegian offshore vessel owner DOF Group has secured a new four-year contract with Petrobras for the remotely operated support vessel (RSV) Skandi Commander.The contract was awarded following the same competitive tender process that led to six previous four-year RSV contracts announced earlier…
Production at Brazilian state-run oil firm Petrobras' P-69 offshore oil platform, in the country's Tupi field, was temporarily interrupted due to a routine safety procedure, the company told Reuters in a statement on Monday.The platform, which produced an average of 106…
Brazilian state-run oil company Petrobras has approved the final investment decision (FID) for Module 2 of its Sergipe Deep Waters (SEAP II) project in the Sergipe-Alagoas Basin, a move that will expand the availability of domestic natural gas…
Petronas has completed drilling of the Caiman-1 exploration well in Block 52 offshore Suriname, marking the first well in its four-well 2025–2026 drilling campaign in the block.The Caiman-1 well was spudded on July 21, 2025 and safely plugged and abandoned on December 6…
Brazil's Superior Labor Court ruled staffing levels to remain at 80% at all Petrobras facilities in Brazil as negotiations between workers at the state-run oil company drag on amid a prolonged strike.In a statement from the court, the ruling…
The White House has ordered U.S. military forces to focus almost exclusively on enforcing a 'quarantine' of Venezuelan oil for at least the next two months, a U.S. official told Reuters, indicating Washington is currently more interested in…
Viridien has successfully completed the BM-S-2 seismic reimaging project in the southern Santos Basin, delivering a modern, high-fidelity 3D dataset across 8,468 sq km to support growing exploration activity in one of the most strategic, emerging offshore regions of Brazil…
Norwegian offshore supply vessel owner DOF Group has secured seven new contract extensions with Petrobras for its offshore support vessels (OSVs) in Brazil, valued over $160 million.Five of DOF's Brazilian-flagged anchor handling tug supply (AHTS) vessels…
U.S. President Donald Trump ordered on Tuesday a 'blockade' of all sanctioned oil tankers entering and leaving Venezuela, in Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.It…
Brazil's Brava Energia is negotiating the sale of three gas wells to Eneva in a deal that could be worth around $450 million, Valor Economico reported on Tuesday.Two wells are located in the Manati and Peroa offshore fields, and one in the Reconcavo onshore field…
A strike at Brazil's Petrobras has reached workers in refineries and offshore oil platforms, according to local union FUP, as the state-run oil firm said the mobilization has had no impact on output so far.The firm said on Monday that it has…
Brazil's state-run oil firm Petrobras has launched an auction to sell two old offshore platforms no longer in production for sustainable recycling, the firm said on Friday.Platforms P-19 and P-26 will be sold separately, said the firm, adding that together they contain about 40…
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