Regional

US supermajor Chevron said on Friday it signed an agreement with Royal Dutch Shell to buy a 40% stake in three deepwater blocks on the Mexican Gulf. The deal which was approved earlier this week by Mexico’s oil regulator, the...

US independent Apache has spud a wildcat on Suriname’s Block 58, probing a prospect considered to be closely on-trend with one of 14 discoveries made by US oil major ExxonMobil in neighbouring Guyana. According to an October 4 report from...

As the mainstay industry withers, thieves take equipment, materials and the liquid itself (Bloomberg) The men step out of the van and act fast. As one stands guard, the others approach an oil pump and remove filler plugs. They drain...

(S&P Global Platts) Brazilian state-led oil company Petrobras completed the sale of onshore oil fields in the Potiguar Basin and put several exploration blocks in the Reconcavo Basin up for sale as the company continued to shed onshore assets...

Dutch floater specialist SBM Offshore said on Monday it intends to bid for the interests held by Brazil's Servicos de Petroleo Constellation in five floating production, storage and offloading vessels. SBM said the auction consists of the minority stake held...

(Bloomberg) In November 2010, Exxon Mobil Corp. dispatched workers to a platform off the coast of Brazil, hoping to strike oil in one of the energy industry’s most anticipated drilling programs. About 2,300 meters (1.4 miles) below the surface,...

Media outfit Loop TT is reporting that Trinidad and Tobago’s Minister of Finance Colm Imbert announced that a company owned by the Oilfield Workers Trade Union (OWTU) has been named the preferred bidder to own and operate the Pointe-a-Pierre...

Sembcorp Marine’s subsidiary Estaleiro Jurong Aracruz (EJA) has crossed a significant operational milestone with the completion of its first floating production, storage and offloading (FPSO) project. P-68, a newbuild FPSO vessel, left the shipyard on Monday and will be deployed...

An international consortium led by Exxon Mobil Corporation XOM was the main bidder for three ultra-deepwater oil and natural gas units off the coast of Sergipe and Alagoas states during Brazil's first Open Acreage auction. The units are situated close to the...

A persistent oversupply of natural gas will drive the 2020 average price at the Henry Hub down (in real terms) to a level not seen in decades, according to a new report from IHS Markit, a world leader in...