On Sept. 19, the Board of Directors of ANCAP, the Uruguayan state-owned oil company with regulatory responsibility for offshore licenses, approved Challenger Energy’s farmout agreement for the AREA OFF-1 license with Chevron. The original deal was announced on March 6.
Petrobras posts $19.6 billion profit in 2025 as production rises
Petrobras reported net income of $19.6 billion in 2025 as oil and gas production increased 11% to...
