March 17 (Reuters) - Bolivian President Rodrigo Paz said on Tuesday that his country wanted to restart a relationship with Brazilian state oil firm Petrobras (PETR3.SA), opens new tab under new, clearer energy regulations. Paz said his government was working to quickly update the regulations to make them fair for Bolivia and foreign investors, and that its... Continue Reading →
Iran war should trigger faster exit from fossil fuel dependence, UN climate chief says
March 16 (Reuters) - The disruption to energy markets caused by the Iran war is a lesson on the risks of relying on fossil fuels which should drive governments to wean their economies off oil and gas faster, the U.N. climate secretary told Reuters on Monday. "If there was ever a moment to accelerate that... Continue Reading →
ExxonMobil’s Longtail FPSO specs cater for higher production
March 17 (oilnow.gy) Design specifications for the floating production vessel planned for ExxonMobil’s proposed Longtail project in Guyana allow for higher production, according to the environmental impact assessment (EIA) report submitted by ExxonMobil. This could facilitate increased hydrocarbon production once initial levels are safely achieved. The executive summary of the EIA report outlines key operating... Continue Reading →
US Gov’t Drafting Agreements to Pay French Developer Nearly USD 1 Billion to Cancel Offshore Wind Leases – Reports
March 17 (offshoreWIND.biz) The US government is working on settlement agreements that involve the government cancelling TotalEnergies’ Attentive Energy and Carolina Long Bay offshore wind leases and reimbursing the French energy company USD 928 million (around EUR 806 million) for the financial bids through which it secured the two areas in lease sales during the... Continue Reading →
Brava Energia Announces Termination of Negotiations for the Acquisition of Interest in Tartaruga Verde and Espandarte – Module III
March 17 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44 and, following the Material Fact disclosed to the market on January 16, 2026, informs its investors and the market in general that, on this date, March 16, 2026, Petróleo Brasileiro S.A. – Petrobras communicated its decision to exercise... Continue Reading →
PRIO Announces Drilling License of Frade Field
Rio de Janeiro, March 16, 2026 - PRIO S.A. (the “Company” or “PRIO”) (B3: PRIO3), in compliance with best corporate governance practices, hereby informs its shareholders and the market in general that, on this date, the Brazilian Institute of the Environment and Renewable Natural Resources (“Ibama”) has issued the amendment to the Drilling License for... Continue Reading →
Petrobras announces participation in the Tartaruga Verde field and Module III of the Espadarte field
Rio de Janeiro, March 16, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that, as partner and operator of the Tartaruga Verde and Espadarte – Module III fields, located in the Campos Basin, it has notified Petronas Petróleo Brasil Ltda. today of its decision to exercise its preemptive right to acquire the 50% interests in... Continue Reading →
Automation, emissions reduction to define next generation of FPSOs — MODEC
March 16, (oilnow.gy) Automation, digital technologies, and emissions reduction are expected to shape the next generation of floating production, storage and offloading (FPSO) vessels, according to discussions at the Deepwater Development Conference in Lisbon, Portugal. The conference, hosted by World Oil and Gulf Energy Information, continued on March 11 with contractor panels, technical sessions, and... Continue Reading →
Exxon completes environmental study for Guyana’s first non-associated gas projec
March 16 (oilnow.gy) ExxonMobil has submitted the environmental impact assessment and environmental impact statement for the proposed Longtail development offshore Guyana, a key step toward the country’s first non-associated gas project. The documents were filed with the Environmental Protection Agency, according to a public notice. Exxon’s consultant Acorn International conducted the assessment. Members of the... Continue Reading →
Deepwater to remain a core growth engine as Brazil and Guyana underpin production growth
March 16 (oilnow.gy) Deepwater oil and gas development will remain a major driver of global supply, with Brazil and Guyana expected to underpin production growth, according to discussions at a recent Deepwater Development Conference in Lisbon, Portugal. The conference, organized by World Oil and Gulf Energy Information, opened on March 10 with an operator panel,... Continue Reading →