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Brazil’s Petrobras moves closer to drilling in key offshore area

(Bloomberg) – Brazil’s state-controlled oil producer Petroleo Brasileiro SA said it has finished building a wildlife rescue center, marking a step toward its first exploratory well in a promising yet contentious region offshore the country’s […]

Goldman Sachs cuts oil forecasts for 2025, 2026 on tariff worries, OPEC+ supply

*Goldman Sachs. Bengaluru — Goldman Sachs reduced its Brent and WTI oil forecasts for 2025 and 2026 on the expectation of higher OPEC+ supply and the risk of an escalating trade conflict will trigger a […]

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African oil giants advance IPO plans to attract investment

Cape Town, South Africa — In a bid to bolster investment and competitiveness within Africa’s oil and gas sector, national oil companies (NOCs) in Nigeria and Angola are progressing with long-anticipated initial public offerings […]

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Texas RRC issues preliminary production figures for January

The Railroad Commission of Texas this week released preliminary data on statewide oil and gas production for the month of January 2025. The figures for this month reflect output from 158,555 oil wells […]

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Texas new drills jump 27% higher in March over February, tie January’s level

The Railroad Commission of Texas on Friday released its figures for March drilling in the state, showing a noticeable gain over the previous month’s number. The overall figure also tied the level achieved […]

Spain’s imports of Venezuelan oil rise as US sanctions deadline approaches

In the first two months of 2025, Spain imported 449,000 tons of crude from Venezuela, up from 283,000 tons in the same period last year, according to data released on Friday by Cores, an arm […]

Gazprom’s venture seeks workers for vast Ust-Luga gas complex

Moscow — RusKhimAlyans, a subsidiary of Russia’s state-owned Gazprom, announced job vacancies for its new gas processing complex in the Baltic Sea port of Ust-Luga, in a sign of confidence the plant will start operations […]

SEACOR Marine and Proceanic earn NOIA Safety in Seas Awards

The National Ocean Industries Association is pleased to announce SEACOR Marine and Proceanic are winners of the 2025 NOIA Safety in Seas Award Competition. SEACOR Marine is the Culture of Safety winner while Proceanic won […]

Subsea7 awarded contract for Shell’s Sparta deepwater project, offshore U.S.

Subsea 7 S.A. announced today the award of a sizeable1 contract by Shell Offshore Inc. for the Sparta deepwater development in the U.S. The project involves the transportation and installation of a floating […]

Gas pipeline thieves threaten future investments Nigeria

*NLNG CEO, Philip Mshelbila Lagos — Thieves are now attacking Niger Delta gas pipelines which adds a new dimension to the security situation in Nigeria’s oil producing region. They are targeting gas and condensates which […]