Brazil’s appeal in the Petrobras shareholder dispute has just cleared a critical procedural hurdle in the Paris courts, accelerating this high-stakes global arbitration battle over control and regulatory challenges
Browsing: oil and gas
Brazil’s oil and gas production skyrocketed to an unprecedented peak in 2025, driven by innovative offshore projects and a surge of fresh investments. This extraordinary expansion cements Brazil’s status as a dominant force in the global energy landscape
Germany’s economy minister has arrived in Saudi Arabia on a crucial mission to lock in a vital energy deal, seeking to boost supplies amid the volatility of global markets. These talks focus on building stronger partnerships to guarantee long-term energy security for the years ahead
Russia’s Lukoil is in advanced talks to sell select assets to a U.S. investment firm, marking a daring move amid escalating geopolitical tensions. This deal could dramatically transform the energy sector landscape as sanctions keep reshaping the market
US Lukoil gas station owners are facing growing uncertainty as Russia sanctions tighten. These new restrictions are turning daily operations into a constant challenge, leaving franchisees stuck in a tough and unpredictable spot. With regulatory pressures mounting, the future of these stations remains uncertain and at risk
Global oil giants are joining forces to challenge the proposed Subsea7-Saipem merger in Brazil, sounding a loud alarm over potential antitrust issues. This formidable alliance warns that the deal could drastically reduce competition in the subsea services market
TGS is accelerating its exploration in Brazil with the Pelotas Norte Phase I survey, providing clearer seismic data that promises to unlock new offshore oil and gas opportunities in the region, reports World Oil
Argentina’s YPF reported a net loss in Q3, driven primarily by soaring tax expenses. This state oil giant’s results underscore the challenging economic environment amid fluctuating commodity prices
Petrobras and Equinor stole the spotlight in Brazil’s latest pre-salt auction, securing major offshore oil blocks that promise to reshape the energy landscape. This thrilling development underscores a booming wave of interest and investment in the country’s vast deepwater reserves, Reuters reports
Italian energy giant Eni is gearing up to launch LNG exports from Argentina by 2029, following a groundbreaking joint venture with Malaysia’s Petronas set for 2026. This dynamic collaboration promises to supercharge and transform South America’s liquefied natural gas market like never before
Chevron CEO Mike Wirth delivered an exciting update on the company’s operations in Argentina, emphasizing a powerful commitment to energy investment and a deep partnership with local collaborators as they steer through ever-changing market dynamics
Repsol, a trailblazer in the global energy arena, is making bold strides across oil, gas, and renewable sectors. Fueled by a deep commitment to sustainability, Repsol is powering the global energy transition like never before
DOF Group ASA has secured an exciting new offshore contract in Brazil, signaling a major leap forward in its regional footprint. This achievement highlights the company’s swiftly rising impact in the Brazilian offshore engineering sector
Brazil’s Petrobras has hinted that extra dividends this year are unlikely, citing market uncertainties and urgent investment needs, Reuters reports. The state-controlled oil giant is prioritizing capital expenditure as energy prices continue to fluctuate unpredictably
TotalEnergies (TTE:NYSE) is shaking up the South American energy scene with a bold $500 million deal, selling its stakes in two Argentina oil and gas blocks to YPF. This strategic move is designed to sharpen its focus and streamline its portfolio for greater impact
TotalEnergies has taken a bold step in South America, selling its 45% stake in Argentina oil blocks to YPF for $500 million. This move marks a significant strategic shift in the company’s regional operations, TradingView reports
Australia’s Viva Energy shares plunged 11% after an unexpected slump in convenience store sales. This sharp decline has raised concerns about the company’s near-term profitability amid shifting consumer behaviors, Reuters reports
A US judge delivered a stinging rebuke of Argentina’s handling of the YPF stake transfer, triggering a delay in handing over the crucial 51% share of the energy giant. This ruling deepens the uncertainty engulfing the fierce battle over this vital state-controlled asset
Canada is boldly charging ahead to secure its spot as a global energy leader by boosting exports of oil, natural gas, and clean energy. Fueled by growing investments, the government is powering initiatives to meet soaring global demand and enhance energy security for years to come
Russia’s Rosneft CEO Igor Sechin revealed that China is quickly rising as a powerful new energy exporter, signaling a major shift in the global energy landscape, Reuters reported. This dynamic change could dramatically reshape markets both regionally and across the world