Latin America
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Under the agreement with PDVSA, Eni will oversee the field's technical, financial, and commercial management. Separately, independent energy company GeoPark has announced its strategic entry into Venezuela through the Bare Block, a large-scale heavy-oil-producing asset.
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Increased capacity from new terminals and expansions drove up exports of liquefied natural gas at the quickest rate since 2016.
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While discussions on the commercial terms for gas sales continue, the release of the jackup rig intended to drill production wells calls into question Shell’s plans for first gas in 2027.
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This case study from SLB and offshore producer PRIO describes the longest openhole section in Latin America with the highest extended-reach drilling ratio in Brazil’s history.
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An asset swap with PDVSA helps consolidate the supermajor’s heavy-oil operations in the country.
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Enverus analysts say limited development opportunities and lower oil prices restrained deal activity outside North America for a second consecutive year.
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Big projects are expected to add oil and gas to the energy mix in some regions while maturing basins contribute to drops in other areas.
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SponsoredSince 1997, intelligent completions have transformed reservoir management, but adoption remains limited due to perceived complexity. The industry reached a pivotal moment with the development of next-generation technologies that address longstanding challenges and offer simpler operation solutions.
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The memorandum of understanding aims to foster knowledge exchange and seek synergies in technical activities and projects relevant to the oil and gas industry.
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A government-imposed limit on gas reinjection aimed at fueling domestic growth risks cooling future investor interest in Brazil’s offshore.
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