PetroTal Corp. has successfully acquired 100% working interest in Peru Block 131, following its acquisition of CEPSA Peruana. The Los Angeles oil field at Block 131 was discovered by CEPSA Peru in 2013. SourceContinue Reading

African Export-Import Bank has signed an agreement for a US$ 100-million Revolving Trade Finance Facility in favor of oil trader JE Energy Limited to support its contract implementation in the Republic of Guyana. SourceContinue Reading

Offshore Energies UK (OEUK) says Scotland’s new hydrogen export strategy can build on the nation’s industrial strengths and unlock a £93 billion export opportunity if firms are now backed with a clear action plan to attract investment and talent. SourceContinue Reading

Energy and marine consultancy ABL has completed its scope of work as marine warranty surveyor (MWS) to support the successful transport and re-installation of the floating storage and regasification unit (FSRU) Toscana, off the coast of Livorno, Italy. SourceContinue Reading

Fulkrum has announced the launch of its new entity in Iraq. This significant milestone comes as Fulkrum secures a multi-million USD contract to provide surveillance services for a major gas hub development project in the region. SourceContinue Reading

CNOOC Limited and 80883 announced that Huizhou 26-6 Oilfield Development Project has commenced production. A total of 19 development wells are planned to be commissioned, including 2 oil production wells and 17 gas production wells. SourceContinue Reading

(Bloomberg) – Suriname’s Foreign Affairs Minister Albert Ramdin said on Saturday his country’s emergence as a major oil producer could garner support for him to be voted in as the next Secretary General of the Organization of American States. SourceContinue Reading

(Bloomberg) – Mexican state oil company Petroleos Mexicanos is putting a freeze on new contracts with service providers as the company works to pay off the roughly $20 billion it owes suppliers. SourceContinue Reading

GeoPark has announced the signing of Sales and Purchase Agreements (SPAs) with Repsol Exploración S.A. and Repsol E&P S.A.R.L to acquire Repsol upstream oil and gas assets in Colombia. SourceContinue Reading

Ecopetrol S.A. Board of Directors have approved the 2025 investment budget of the Ecopetrol Group for an amount between 24 and 28 trillion pesos, with more than half the approved budget earmarked for crude and gas exploration and production SourceContinue Reading