News

Algeria has recently introduced a new hydrocarbons law bill whose goal is to increase the attractiveness of its petroleum fiscal framework after years of reduced foreign investment in the oil and gas sector. However, like Guyana, success in establishing...

Halliburton Company (NYSE: HAL) announced on Monday a multi-year agreement with Repsol to provide a cloud-based master data management solution for exploration and production (E&P) activities. The software as a service enables users to load, ingest, manage and access...

Oil major BP’s major gas discovery at the Orca-1 exploration well, which is located in the BirAllah area in Block C8 offshore Mauritania, could be the largest deepwater find this year. The well, located in the BirAllah development, was drilled...

(Reuters) - The largest banking lenders to the oil and gas sector are becoming more cautious, marking down their expectations for oil and gas prices that underpin loans in a move expected to put further financial stress on struggling...

As the local business community in South America’s newest oil and gas hotspot continue to position itself for growing opportunities in the emerging petroleum industry, efforts are being made to ensure participation in the country’s largest oil conference is...

Brazil continues to drive global floating production storage and offloading vessels (FPSOs) deployment with 21 planned and announced FPSOs during the period 2019 to 2025, according to GlobalData. Brazil is expected to deploy a total of 11 planned and ten...

With just over 750,000 people, Guyana – South America’s newest petroleum hotspot – will begin producing oil within months and with over 6 billion barrels already discovered, revenue from production could profoundly transform the small nation. But the country...

Interest from companies continue to grow as the staging of the second largest petroleum conference in South America's newest oil and gas hotspot nears. At a press conference held on Friday, October 25 to announce the upcoming event, Managing Director...

Brazil’s oil production has seemingly found its groove, with Rystad Energy expecting the country to be a sizable contributor to non-OPEC, non-US growth throughout the 2020s. Rystad Energy said seven new FPSO projects have come under the spotlight, beginning at...

(Reuters) - Germany’s Siemens expects revenue from its oil and gas division in Brazil in 2020 to double compared to 2018 levels, an executive said on Thursday, citing upcoming oil auctions that could total around $26 billion. The company does...