Afentra Lands Compelling New Opportunity in Angola
Afentra plc conferred a contract for Block KON4 in Angola, securing a 35% operated interest. The area includes historically significant...
OFFSHORE DRILLING
Brazil Auctions Off Amazon Oil Sites Amid Protests from Environmentalists and Indigenous Communities
Brazil has auctioned off oil sites near the Amazon River, facing protests from environmentalists and Indigenous groups. The National Oil...
First Andes Silver Partners with SPF Drilling for Santas Gloria Exploration
First Andes Silver Ltd. has secured SPF Drilling S.A.C. for a 2,000-meter drilling program at its Santas Gloria Project in...
Ecopetrol Reports Profits Dwindle Amid Geopolitical Turbulence in Q1
Ecopetrol reported a 22% profit decline in Q1 2025 due to geopolitical factors impacting oil prices, despite a revenue increase...
Oman Celebrates Groundbreaking of Marsa LNG: A Step Towards Sustainable Energy
TotalEnergies and OQEP have commenced construction of the Marsa LNG plant in Oman, projected to be operational by 2028. It...
Argentina’s Oil Boom: Economic Promise Amid Environmental Concerns
Argentina's oil production has reached record levels, offering potential economic benefits amidst an ongoing crisis. The expansion, particularly in the...
Petrobras Unveils Significant Hydrocarbon Discovery at Aram Block Offshore Brazil
Petrobras has made a notable hydrocarbon discovery in the Aram block of the Santos Basin, confirmed through various geological assessments....
Ecuador’s Petroecuador Declares Force Majeure Following SOTE Pipeline Spill
Petroecuador has declared force majeure on the SOTE pipeline due to an oil spill caused by a landslide. This incident...
Afentra Engages in Discussions to Increase Stake in Angolan Offshore Blocks
Afentra seeks to increase its stake in two offshore Angolan blocks, engaging in discussions with a joint venture partner to...
Oil Prices Rise Amid Global Tensions Despite Economic Concerns
Oil prices increased due to Middle Eastern tensions and China's economic plans, despite concerns over global growth and tariffs. Brent...
