Oil & gas news

Petrobras and Colombia's state-run oil and gas company, Ecopetrol, have reported two major gas discoveries in the country's offshore basins.

Intensifying Middle East crisis pushes prices; high spare capacity keeps them in check for now – Rystad Energy's oil macro market update.

ExxonMobil is progressing several energy initiatives on the African continent.

Brazilian oil company Prio has agreed to acquire a 40% interest in the Peregrino and Pitangola Fields, jointly known as Peregrino, in the Campos Basin, offshore Brazil, for US$1.92 billion (10.43 billion reais).

Agreement will accelerate the initial scope of 144 unconventional wells for delivery by 4Q25 with potential for significant number of additional wells in the second phase.

A global exploration company’s decision to cease its search for new gas supply in Victoria’s Otway Basin is a major blow to the state’s energy security and will compound looming gas shortfalls in eastern Australia, according to Australian Energy Producers.

Interocean Marine Services (Interocean), has announced it will receive ABS and DNV approval for ultrasonic thickness measurements by use of drones on mobile offshore units.

The company also plans to invest around US$2.5 billion/y to enhance oil production by 50 000 bpd over the next few years.

In June, Russia promised to meet its OPEC+ oil production targets after pumping too much oil in May.

As of 8:00 a.m. eastern time on 26 September, Hurricane Helene was expected to make landfall as a Category 3 hurricane on the eastern part of the Florida Panhandle late Thursday 26 September with sustained winds of 115 mph, creating the potential for significant disruptions to energy infrastructure.