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Latest business news, analysis and developments related to Oil & Gas, with a focus on Europe, Latin America and cross-Atlantic business.
30 articles
Eni’s Q3 profits soared 125% on surging refining margins and higher hydrocarbon output, prompting the Italian energy major to hike dividends and share buybacks.
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Morgan Stanley projects that deferred refinery maintenance will keep global fuel markets tight until mid-2027, with peak outages set to exacerbate diesel and gasoil supply constraints.
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The Bouri gas utilization project, led by Eni and Libya’s National Oil Corporation, aims to cut carbon emissions by 1.5 million tonnes annually while boosting gas supply for both Libya and Europe.
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Bolivia’s dwindling natural gas reserves and IMF-imposed austerity are driving up living costs and stoking public discontent, raising risks of wider instability.
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French year-ahead power prices have exceeded €100/MWh for the first time since 2023, as renewed risks of US strikes on Iran disrupt European energy markets.
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Brazil exported approximately €254.9 billion in goods between January and September, supported by rapidly expanding sales to India, Europe, Africa and other emerging destinations despite weaker trade with the United States and Argentina.
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Eni and Repsol are considering bringing new investors into the Perla gas field, a move shaped by evolving U.S. policy to open Venezuela’s energy sector to foreign capital.
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Petrobras's latest oil discovery in the Foz do Amazonas basin could strengthen Brazil’s path to energy independence and reshape regional energy dynamics.
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The French energy group is preparing new projects across Vaca Muerta and offshore Tierra del Fuego, including a potential €4.4 billion shale oil development and higher natural gas production in Neuquén.
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TotalEnergies will invest up to €14.94 Billion each year through 2032, balancing oil and gas production with ambitious emissions cuts and a growing electricity portfolio.
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European natural gas prices have surged above €80 per megawatt-hour for the first time since 2023, raising inflation risks and threatening economic stability across the region.
The oilfield services group said it is neither participating nor planning to bid for hydrocarbon projects around the Falkland Islands (Islas Malvinas). The statement follows Argentina’s adoption of Decree 868/2026, which links compliance with its sovereignty legislation to access to domestic oil permits and investment incentives.
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President Javier Milei announced measures to accelerate penalties against companies operating around the Falkland Islands (Islas Malvinas) without Argentine authorisation. The initiative could extend restrictions to shareholders, directors, suppliers and financial partners involved in the Sea Lion oil project, although its implementation will remain contested by the companies, the islands’ authorities and the United Kingdom.
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The industrial technology company combines connected sensors, artificial intelligence and engineering services to anticipate equipment failures. Its subscription model offers manufacturers an alternative to purchasing and managing separate monitoring systems.
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Eni, BP, Shell, Equinor, TotalEnergies and Repsol are combining upstream assets in separately managed companies that can raise their own debt. The model preserves access to production, reserves and dividends while limiting the amount of borrowing consolidated by the parent groups.
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Argentine energy infrastructure company Transportadora de Gas del Sur (TGS) is moving ahead with its long-term capital expenditure programme for its flagship Natural Gas Liquids (NGL) project, one of the largest energy infrastructure developments in Argentina's history. With a total investment of approximately €2.6 billion, the initiative aims to unlock additional value from Vaca Muerta's natural gas production while significantly expanding the country's export capacity.
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Italian engineering company SIAD Macchine Impianti (SIAD MI) has reinforced its presence in Latin America through SIAD Mexico, a subsidiary based in Mexico City that has been fully operational since 2025. The new company enhances local technical support, after-sales services and commercial operations for customers in the industrial gases and oil & gas sectors across the region.
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Energy major BP has begun the sale process for its North Sea oil and gas operations, marking another significant step in the company's portfolio reshaping strategy. The move reflects BP's efforts to streamline its upstream business, strengthen financial performance and concentrate investment on its highest-value assets.
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Spanish energy company Repsol reported a sharp increase in quarterly earnings after benefiting from stronger crude oil prices and resilient upstream operations. The results reinforce the group's financial position as it continues investing in low-carbon energy while rewarding shareholders.
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Argentina's energy industry has secured almost €4.5 billion in corporate debt financing during 2026, highlighting renewed investor confidence in the country's oil, gas and electricity businesses despite continued constraints on sovereign borrowing. Companies linked to the Vaca Muerta shale formation and power generation have led the fundraising wave.
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Incoming UK Prime Minister Andy Burnham is expected to unveil a new energy strategy that would reopen the door to oil and gas development in the North Sea, marking a significant departure from Labour’s previous commitment to halt new exploration licences. The proposed policy reflects growing political pressure to balance energy security, industrial competitiveness and climate goals.
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According to Eni CEO Claudio Descalzi, prolonged uncertainty around the Strait of Hormuz is accelerating a strategic reallocation of capital toward more stable regions, positioning Latin America as a key growth market for future energy projects.
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The infrastructure, designed to connect the Vaca Muerta shale formation with the Atlantic coast, will become the country's largest-diameter gas trunkline and a cornerstone of Argentina's strategy to become a global LNG exporter.
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The company has shipped its first liquefied natural gas (LNG) cargo produced at Mexico’s Energía Costa Azul (ECA) export terminal to Asia, marking a significant milestone for North American energy exports and reinforcing Mexico’s growing role in global LNG supply chains.
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Colombia is moving forward with the development of a new liquefied natural gas (LNG) import terminal on its Caribbean coast, a project designed to enhance energy security, support growing demand and improve supply flexibility.
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The announcement of a framework agreement between the United States and Iran has eased immediate fears of a prolonged energy crisis, sending oil and gas prices lower.
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Climate and ESG Investors Pressure Europe to Preserve Arctic Fossil Fuel Moratorium
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Europe’s largest gas supplier is reinforcing offshore production as energy security returns to the center of the continent’s economic and industrial strategy.
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Rising energy costs linked to the Iran conflict are expected to keep inflation elevated and slow economic growth across Europe through at least 2027.
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Norway’s crude exports surged in March as disruptions linked to the Iran war tightened global supply, reinforcing Europe’s role as a key alternative energy provider.
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