Halliburton Signs Venezuela Energy Cooperation Agreements
Halliburton has signed memoranda of understanding with Eneva and WESCA to explore energy development opportunities in Venezuela.
PetroTal Restarts Bretana Drilling with Well 25H
PetroTal has resumed development drilling at Peru’s Bretana field, starting horizontal well 25H on 21 September 2026.
Eni Takes Operatorship of Venezuela’s Junín 5 Heavy Oil Field
Eni and Venezuela’s state oil company PDVSA have signed a 25-year contract for development of the Junín 5 heavy oil field in the Orinoco Belt. The agreement makes Eni the exclusive operator of the area, with responsibility for the technical,…
Cladtek Awarded Sépia 2 Project in Brazil by Subsea7
Cladtek has secured a contract with Subsea7 to supply Mechanically Lined Pipe (MLP) for Petrobras’ Sépia 2 offshore development in the Santos Basin. The Sépia 2 project is located approximately 280 kilometres southeast of Rio de Janeiro, in water depths of 2,170 metres. Delivery will be executed through Cladtek’s Brazil facility, supporting local manufacturing requirements […]
Petrobras and Pemex Sign MoU for Strategic Cooperation in Exploration, Production, and Processing of Petroleum Products
Today, Petrobras and Petróleos Mexicanos (Pemex) signed a Memorandum of Understanding (MoU) aimed at establishing strategic and technical cooperation between the two companies, in order to jointly assess, develop, and implement projects in the oil and gas sector. The partnership includes the development of opportunities in the areas of exploration, production, and industrial processing, as […]
Chevron Commits $1 Million To Support Earthquake Relief in Venezuela
Chevron Corporation (NYSE: CVX) today announced a commitment of $1 million to support immediate humanitarian relief efforts following the devastating earthquakes that struck Venezuela on June 24. The contribution will help provide urgent assistance to affected communities, including access to shelter, food, water and medical support, through trusted nonprofit and humanitarian organizations working on the […]
Chevron Consolidates Venezuela Heavy Oil Position in Asset Swap
Chevron Corporation (NYSE:CVX) announced today it has, through its subsidiaries with interests in Venezuela, agreed to an asset swap with Petroleos de Venezuela, S. A. (“PDVSA”) and subsidiaries of PDVSA in a mutually beneficial agreement which will consolidate all parties’ focus on strategic assets in the country. Under the agreement, Chevron will receive an additional […]
Petrobras Awards Fugro $23M Contract for Rio de Janeiro Offshore Wind Pilot Project
Brazilian state-controlled company Petrobras has selected Fugro to deliver a US$23m geotechnical site investigation for the 18MW Rio de Janeiro offshore wind pilot project. Marking South America’s first offshore wind development to advance under a formal environmental licensing process, the project will allow Petrobras to test new technologies and identify bottlenecks for future commercial-scale developments. […]
Veolia at SPE 2026 With Solutions for Microbiological Management in Mature Onshore Fields
Veolia, a global leader in water treatment technologies, will be present at the ‘SPE Workshop: Improving Recovery Factors in Onshore Fields’, which will take place on 10-11 March in Salvador, Bahia. The event will bring together experts and professionals from the oil and gas sector to discuss innovative solutions aimed at increasing the recovery factor […]
Exxonmobil Hits Record Guyana Output Despite Revenue Miss
ExxonMobil reported fourth-quarter earnings of $6.5 billion, driven by record production in its key growth assets, though revenue of $82.31 billion fell short of analyst expectations. While the company achieved a new high in the Permian Basin (1.8 million boepd), the standout operational highlight was in Guyana, where gross production is now approaching 875,000 barrels […]
