In a significant boost for the global energy sector, BP has announced its largest oil and gas discovery in 25 years at the Bumerangue prospect in Brazil\’s deepwater Santos Basin. This find underscores Brazil\’s growing importance as a hydrocarbon powerhouse and positions BP to strengthen its upstream portfolio amid shifting energy dynamics. Let\’s dive into […]
Continue ReadingDaily Standup Top Stories President Trump Announces Three New Trade Deals July 23, 2025 Clark Savage In a bold move to strengthen America’s economic position and promote fair trade practices, President Donald Trump announced three new trade agreements on July 22, 2025. These deals, involving Indonesia, the Philippines, and Japan, aim […] Brazil Bets Against Net Zero. […]
Continue ReadingIn a world racing toward net zero emissions—or at least claiming to—Brazil is charting a boldly contrarian course. As the host of the upcoming COP30 climate summit, the South American giant is ramping up its oil production at a pace that could torpedo global climate goals. Meanwhile, California, the self-proclaimed leader in green energy transitions, […]
Continue ReadingAs tensions simmer between the United States and Brazil, a potential trade war looms, with oil emerging as a central battleground. U.S. President Donald Trump’s threat to impose a 50% tariff on Brazilian imports starting August 1, 2025, has put Brazil’s vital oil export sector under scrutiny. This article explores the trade dynamics, Brazilian oil […]
Continue ReadingSouth America is emerging as the epicenter of a new oil boom, with Brazil, Guyana, and Argentina leading the charge. As global oil majors like ExxonMobil, Chevron, and others pivot to these resource-rich nations, their low-cost, low-emission production opportunities are reshaping drilling programs and offering significant implications for investors and corporate balance sheets. Drawing from […]
Continue ReadingDaily Standup Top Stories UK North Sea Oil and Gas: Jobs at Risk, Costs Skyrocketing, and the Anti-Fossil Fuel Push June 3, 2025 Stu Turley The UK’s North Sea has long been a powerhouse for oil and gas production, fueling the nation’s economy, supporting high-skilled jobs, and bolstering energy security. But with anti-fossil fuel regulations tightening […]
Continue ReadingDaily Standup Top Stories Saudi Arabia poised to increase summer crude burn for power May 20, 2025 Clark Savage There are several ways to look at Saudi Arabia’s use of crude oil to burn for electrical generation. First, it is fiscally responsible, but it may not be the best long-term solution for their local […] QatarEnergy eyes […]
Continue ReadingOslo-listed BW Energy has made a final investment decision for the Golfinho Boost project, aiming to increase incremental oil production from 2027 by 3,000 barrels per day. According to the company, the project will also increase uptime and reduce operating expenses at the Golfinho field offshore Brazil. The project includes multiple measures aimed at boosting […]
Continue ReadingUK-based energy supermajor Shell has taken the final investment decision for Gato do Mato, a deep-water project in the pre-salt area of the Santos Basin offshore Brazil. The Gato do Mato consortium includes operator Shell with a 50% stake and its partners Ecopetrol and TotalEnergies which hold 30% and 20% stakes respectively. Pré-Sal Petróleo is […]
Continue ReadingChina Merchants has bought a 70% stake in Vast Infraestrutura, Brazil’s only privately run VLCC terminal, located in the port of Açu in a deal worth up to $714m. China Merchants bought its stake in the oil terminal from US-based EIG Global Energy Partners, which has been developing the site for the past 10 years. […]
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