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Venezuela taps Hogan Lovells to lead $170bn debt restructuring effort
The total includes defaulted sovereign debt, obligations linked to state-owned oil producer PDVSA, institutional borrowing and accumulated interest built up over recent years
Amplitude takes 50% position in Australia's Artisan field from Beach
Amplitude Energy has agreed to acquire a 50% interest in the Artisan gas field from Beach Energy as the Australian producer seeks to accelerate development of its East Coast Supply Project in the offshore Otway Basin.
Rodríguez begins India visit as Venezuela seeks deeper energy ties
Venezuelan interim President Delcy Rodríguez arrived in New Delhi on June 3 for a five-day visit centred on strengthening energy cooperation with India, as both countries seek to expand commercial ties amid turbulence in global oil markets
ExxonMobil weighs return to Venezuela as oil opportunity meets financial risks
ExxonMobil is discussing the possibility of securing new oil production rights in Venezuela, a move that could reshape the company’s long-term strategy and mark a return to a market it left years ago following legal disputes
Venezuela Energy Week aims to draw investment for oil expansion
The conference and exhibition is being promoted as the country’s principal platform for global energy investment
Norway's Eldorado snaps up US offshore driller Vantage in $258mn deal
Norway-based Eldorado Drilling has agreed to acquire US offshore drilling contractor Vantage Drilling in a transaction valuing the company's equity at approximately $258mn.
Colombian energy firms eye Venezuela as industry rebuild draws interest
Venezuela’s vast hydrocarbon wealth is drawing renewed attention from Colombia’s energy sector following the political changes that followed Nicolás Maduro’s removal
Investor caution persists as Venezuela seeks foreign capital
Companies exploring opportunities in industries ranging from oil and shipping to chemicals and pharmaceuticals remain hesitant to commit funds
Indonesia sets oil and gas output goals for 2027
Indonesia's upstream oil and gas regulator SKK Migas is targeting crude oil lifting of 612,500 barrels per day and gas lifting of 5,469mn cubic feet per day in 2027.
Cambodia launches conciliation process under international law in push to end maritime dispute with Thailand
Cambodia has initiated a compulsory conciliation process under international law in an effort to resolve its long-running maritime boundary dispute with Thailand.
Uruguay emerges as offshore exploration hotspot as YPF, majors and independents expand activity
Uruguay is increasingly being viewed as one of the most promising offshore oil frontiers in the Western Hemisphere.
Argentina approves grid access for two solar projects in Corrientes
Argentina's National Gas and Electricity Regulatory Authority (ENREGE) has approved access to the national electricity transmission network for two solar power projects in the northeastern province of Corrientes, allowing a combined 27 megawatts (MW)
Eight tremors hit Argentina's Vaca Muerta shale region in five days
The town of Añelo in Argentina’s Neuquén province was shaken by eight earthquakes between May 27 and May 31, marking an unprecedented sequence of five consecutive days of seismic activity in the heart of the Vaca Muerta shale formation.
YPF says Argentina LNG project will require $50bn investment
Argentina's state-controlled energy company YPF said its Argentina LNG project will require a total investment of $50bn and is expected to begin development in 2027.
Chevron seeks record $14bn investment in Vaca Muerta under RIGI scheme
Chevron has applied to Argentina’s Large Investment Incentive Regime (RIGI) for a $13.8bn upstream development project in the El Trapial area of Neuquén province.
Mexico's Pemex escapes Moody's downgrade as investors urge the company to tap global bond markets
Moody's has affirmed Pemex's ratings despite recently cutting Mexico's sovereign rating one notch to Baa3, citing expectations of continued strong government support for the state oil company.
Brazil’s Lula says Petrobras close to Equatorial Margin announcement as oil investments mount
Lula da Silva said Petrobras is on the verge of announcing whether commercially viable oil reserves exist in the country's Equatorial Margin while the company separately confirmed a deal with SBM Offshore for two deepwater production vessels.
Peru throws another $2bn into the Petroperu black hole
Peru's new $2bn trust buys operational time for Petroperú but cannot fix a deeper crisis of collapsing governance, union warfare, and looming New York cross-default risks. A deep dive into why financial engineering isn't enough.
Iraq's fuel supply crisis persists due to production gap and import delays
Baghdad and several Iraqi provinces continue to face a worsening petrol shortage, according to an economic monitor, with the crisis expected to persist until fuel import shipments arrive.
Guyana set for major oil revenue increase with higher prices, greater state cost recovery
Guyana could collect about $4.3bn in oil revenues in 2026, a 67% increase from the previous year, if crude prices remain at $100 per barrel through the end of the year.
Chevron sees Venezuela output reaching 250,000 bpd by 2028, Exxon and Conoco still mulling returning
Chevron Corp. expects to significantly expand its Venezuelan oil production over the next several years as the company positions itself to benefit from a broader reopening of the country’s energy sector.
Brazil on track to exceed pre-salt oil revenue target as Middle East conflict lifts crude prices
Brazil's government had already collected 80% of its full-year pre-salt oil revenue forecast by May, with surging crude prices following the outbreak of the Middle East conflict pointing to a significant overshoot of the original target.
Iran agrees not to pursue nuclear weapon, Trump says amid renewed Gulf strikes
Trump says Iran has agreed not to build a nuclear weapon and that he expects to meet its supreme leader, even as fresh missile strikes on Kuwait and Bahrain test a fragile Gulf ceasefire.
Brazil pushes new offshore frontier
Petrobras has signed agreements with SBM Offshore for two floating production, storage and offloading vessels tied to the Sergipe Deepwater Project, advancing plans to expand oil and gas production off Brazil’s north-eastern coast.
Sun King secures $4.5mn loan to expand off-grid solar distribution in Africa
Sun King has secured a $4.5mn loan to expand the distribution of off-grid solar products in underserved communities across sub-Saharan Africa, strengthening its position in the region’s growing decentralised energy market.
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