Petrobras produced an average of 4.54 million barrels of oil and gas equivalent per day in the third quarter of 2025, 17.3% more than in the same period last year, the company reported

U.S. President Donald Trump hit Russia’s two biggest oil companies with sanctions in a sharp policy shift on Moscow’s war in Ukraine, prompting global oil prices to rise by 5% and India to consider cutting Russian imports

Brazil has authorized controversial offshore oil exploration near the Amazon, less than a month before it hosts the U.N. climate summit (COP30), where it aims to present itself as a leader in environmental preservation

In total, 100,000 cubic meters of natural gas entered Brazil via pipelines passing through Bolivia, to test the “commercial and operational framework” of the agreement

Spanish oil company Repsol has begun producing oil in the Leon-Castile basin in the state of Louisiana, strengthening its footprint in the United States, a key region in its 2024–2027 strategic plan

Exxon Mobil Corp has held confidential negotiations with Russian state energy giant Rosneft regarding a potential return to the Sakhalin-1 project, according to The Wall Street Journal

The agreement sets that Fluxus must make an initial investment of 21.3 million dollars for the reactivation of 54 wells between 2026 and 2027, as well as for the maintenance of existing facilities

Argentine state oil firm YPF will invest around $400 million as part of a new joint venture to produce and sell sustainable aviation fuel (SAF)

The acquired blocks in Vaca Muerta, “La Escalonada” and “Rincón La Ceniza,” have active unconventional exploitation concessions valid until 2051

The company stated that it drilled the 1-BP-13-SPS exploration well in the Bumerangue block, in the Santos Basin, 404 kilometers (218 nautical miles) off the coast of Rio de Janeiro, at a depth of 2,372 meters