The memorandum of understanding outlines a plan for a pipeline running from Alberta to the Pacific coast to boost oil exports to Asia, in line with Carney’s goal of expanding foreign trade to offset the impact of the trade war launched by U.S. President Donald Trump

Covering approximately 17,000 square kilometers with a maximum water depth of 4,100 meters, OFF-5 is located “in a strategic area due to its geological potential,” Argentina’s largest oil and gas producer highlighted

“This is the fifth-deepest well Petrobras has ever drilled, and it is a pioneer well in an unexplored area. That requires great care,” said Sylvia Anjos, Petrobras’ Exploration and Production director, at a press conference

Argentine state-owned oil company YPF and Italy’s Eni have reached an agreement with the investment arm XRG of Abu Dhabi National Oil Company (ADNOC) to join Argentina’s liquefied natural gas (LNG) project

Brazil has authorized controversial offshore oil exploration near the Amazon, less than a month before it hosts the U.N. climate summit (COP30), where it aims to present itself as a leader in environmental preservation

In total, 100,000 cubic meters of natural gas entered Brazil via pipelines passing through Bolivia, to test the “commercial and operational framework” of the agreement

Argentina’s state-controlled oil company YPF has begun drilling three new exploratory wells in Palermo Aike, the country’s second-largest unconventional hydrocarbon reserve after Vaca Muerta

The acquired blocks in Vaca Muerta, “La Escalonada” and “Rincón La Ceniza,” have active unconventional exploitation concessions valid until 2051

The company stated that it drilled the 1-BP-13-SPS exploration well in the Bumerangue block, in the Santos Basin, 404 kilometers (218 nautical miles) off the coast of Rio de Janeiro, at a depth of 2,372 meters

Pampa Energía announced that it has requested inclusion in an incentive regime to build an oil and gas treatment plant at its Rincón de Aranda field, with an investment of $426 million