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Colombia orders Ecopetrol to exit US fracking venture, citing environmental risks
Colombian President Petro has instructed state-controlled oil producer Ecopetrol to cancel a joint venture with US-based Occidental Petroleum in the Permian basin, arguing that the project conflicts with his government’s environmental agenda
Colombia's Ecopetrol assumes full control of Caribbean offshore gas blocks after Shell exit
Ecopetrol has taken full ownership and operatorship of several offshore gas exploration blocks in Colombia’s southern Caribbean after the National Hydrocarbons Agency formalised the transfer of Shell Ep Offshore Venture’s 50% stake
Frontera secures $120mn Chevron prepayment to reinforce Colombia liquidity
Frontera Energy Corp has agreed a $120mn crude prepayment and commercial supply arrangement with Chevron Products Company through its Colombian subsidiary, a move aimed at strengthening short-term liquidity and managing working capital
New infield wells see Iran’s South Pars gas output hit record
Iran’s Oil Minister Mohsen Paknejad said natural gas extraction from South Pars surged to an all-time high of 725mn cubic metres (mcm), helped by drilling new in-field wells at the world’s largest gas field.
Uzbek gas output sees further 5% decline in Jan-Nov 2025
Natural gas production in Uzbekistan fell by 5.1% year on year in January–November 2025 to 38.9 bcm, underscoring mounting pressure on the country’s energy balance even as gas exports rose in value.
Octavio Barrera appointed Pemex upstream chief as output stagnates below 1.8mn barrel daily target
Pemex disclosed Octavio Barrera will helm its Exploration and Production division, replacing Ángel Cid who departs after directing one of the enterprise's most pivotal operations, Mexico Business News reported.
EACOP 79% complete, on track for July 2026 completion as Uganda upstream readies
The East African Crude Oil Pipeline is 79% complete and on track for July 2026, with developers focusing on synchronising commissioning with Uganda’s Tilenga and Kingfisher upstream projects as the $5bn export system moves toward first oil.
Japanese technical cooperation programme targets combustion optimisation at Mexico's Pemex Nuevo León refining facility
Pemex regularises supplier payments in Veracruz region, settling outstanding 2024 obligations totalling $83.9mn
Pemex has commenced regularising payments to suppliers in Veracruz's southern region, settling not only current 2025 obligations but also addressing debts accumulated in 2024, Mexico Business News reported.
Harbour Energy secures operational control of Mexico's 750mn barrel Zama offshore petroleum field
British independent petroleum enterprise Harbour Energy has obtained operational authority over Mexico's Zama offshore petroleum project following partner consortium approval, Offshore Technology reported.
Venezuela’s oil will cost US oil firms billions of investment before earning dollar one
US President Donald Trump says that the US will take over running Venezuela and get the oil sector back on its feet so everyone can “make lots of money.” But underinvestment and corruption means they will have to invest billions first.
Mexico's Pemex November crude export revenues halve as production misses government targets
Coastal Contracts consortium secures $1.14bn Pemex contract for Mexico's Ixachi gas field expansion infrastructure
Coastal Contracts secured a large-scale engineering, procurement and construction agreement with Pemex expanding its role in developing the Ixachi onshore gas field, one of Mexico's most strategic natural gas assets.
MOL starts due diligence on Serbia’s NIS as US sanctions clock ticks
Hungary’s MOL has begun due diligence on Serbia’s Russian-controlled oil refiner NIS, as Belgrade pushes for a deal to lift US sanctions threatening the country’s fuel supplies.
Turkmen progress in extinguishing “Door to Hell” fiery gas crater is “visible”
Turkmenistan has made visible progress with its plan to extinguish its fiery Darvaza gas crater, known as the “Door to Hell”.
Pemex's debt instruments yield 24% gains as Mexican government's $41bn borrowing programme shores up oil company's finances
Mexico President defends Cuba petroleum shipments as sovereign prerogative amid Washington criticism
Mexico accelerates refined fuel self-sufficiency as Pemex import volumes fall 22% through October
Mexico's state oil company Pemex reduced refined fuel purchases 22% during January through October 2024 versus the comparable 2023 period, averaging 414,000 barrels daily compared with 534,000 barrels daily previously
Libya's oil revenues rise 15% y/y to $21.9bn in 2025 on higher production
Libya’s National Oil Corporation (NOC) said the country’s oil revenues reached $21.9bn in 2025, marking a 15% year-on-year (y/y) increase, supported by the highest average production levels in a decade.
Brazil’s ANP sets course on reserves and fuels
Aradel raises ND Western stake to 87.67% via $40mn acquisition as Nigeria’s local producers scale up
Aradel Holdings completes acquisition of an additional 40% stake in ND Western, lifting its ownership to 81.67% and consolidating control of a key Nigerian onshore oil asset as local producers continue to expand following international divestments.
Brazil’s Petrobras widens gas imports
Petrobras has received authorisation from Brazil’s oil and gas regulator ANP to import up to 20mn cubic metres per day of natural gas from Bolivia for a period of two years.
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