Brazilian oil company Petrobras announced that it has discovered “high-quality” oil in the ultra-deep waters of the Santos Basin, in the Atlantic Ocean

Shell, the second-largest oil producer in Brazil with an average of 450,000 barrels of crude per day last year, announced plans for a drilling operation in one of its concessions and the development of a new oil field in the country by 2025. The development of the new field, called Gato do Mato, depends on […]

President-Elect Donald Trump said that he will reverse President Joe Biden’s ban on offshore drilling along most of the U.S. coastline as soon as he takes office

US President Joe Biden has announced a ban on new offshore oil and gas drilling along most of America’s coastline, weeks before Donald Trump takes office

The number of fracturing stages totaled 17,796 throughout 2024 in Vaca Muerta. This figure surpasses the previous record set in 2023 by 20.6%, which saw 14,747 fracturing stages

The move is expected to go a long way towards helping Eni sift through large amounts of data and discover new oil and gas reservoirs, while also helping with its clean energy and decarbonisation calculations

The oil company Pan American Energy (PAE) has requested that its multi-million-dollar project to export liquefied natural gas (LNG), developed in partnership with the multinational Golar LNG, be included in the recently launched Incentive Regime for Large Investments (RIGI)

Petrobras announced that its management proposed to the company’s board a $111 billion business plan for 2025-2029, according to a securities filing

Petrobras announced the early operation of a new offshore platform with the capacity to extract up to 100,000 barrels of oil per day (bpd) and 5 million cubic meters of natural gas

The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Kuwaiti Haitham al Ghais, defended in Brazil a strategy that supports all energy sources and stated that achieving this requires “adequate” investment over many decades