Brought to you by Quest Offshore & Southern Cone Consultants
Aug. 7 (offshoreWIND.biz) RWE and the US Department of the Interior (DOI) have reached a settlement agreement under which RWE will relinquish its offshore wind leases in the New York Bight and off the coasts of California and Louisiana in exchange for USD 1.22 billion (around EUR 1.06 billion) in settlement funds. The agreement resolves... Continue Reading →
Aug. 7 (PN) The Special Bidding Commission (CEL) of the National Agency of Petroleum, Natural Gas and Biofuels (ANP) announced the sectors and blocks that will be part of the 6th Permanent Offer Concession Cycle (OPC6) and the 4th Permanent Offer Production Sharing Cycle (OPP4), with public sessions scheduled for October 7, 2026 In the... Continue Reading →
Aug. 7 (PN) Oil States do Brasil has signed a contract to manufacture and supply rigid jumpers for the Buzios 10 project, located in the pre-salt region of the Santos Basin. The equipment will be used in the field's subsea system and will operate in water depths ranging from 1,720 to 2,190 meters. The contract... Continue Reading →
Aug 7 (Reuters) - azil's state-controlled oil company Petrobras will likely produce more oil than it had forecast for 2026, CEO Magda Chambriard said on Friday during an earnings call with analysts. She said the company's oil output in the second quarter was 200,000 barrels per day higher than its target. So far this year, Petrobras... Continue Reading →
Aug. 7 (oilprice.com) BP’s Bumerangue discovery is more than another giant Brazilian oil find: it could become the project that keeps both BP’s upstream portfolio and Brazil’s production boom alive well into the 2030s. With an estimated 2.5 billion barrels potentially recoverable and peak output that could reach 600,000 b/d, the ultra-deepwater development is large enough to... Continue Reading →
Aug 7 - BRAVA ENERGIA S.A. (“Brava” or the “Company”) (B3: BRAV3), in compliance with the provisions of CVM Resolution No. 44, hereby informs its shareholders and the market in general that it has entered into a new agreement for the purchase and sale of crude oil produced by PetroReconcavo S.A. (“PetroReconcavo”) in the Potiguar... Continue Reading →
Rio de Janeiro, August 06, 2026 – Petróleo Brasileiro S.A. - Petrobras, pursuant to CVM Resolution No. 44/21, informs that its Board of Directors, in a meeting held today, approved the payment of shareholder remuneration in the amount of R$ 17.4 billion, equivalent to R$ 1.34814262 per outstanding common and preferred share, as an anticipation... Continue Reading →
Rio de Janeiro, Aug 06, 2026 “The operational records we achieved in this second quarter led to one of Petrobras’ highest quarterly financial results in our time series. The increase in oil and oil products output, alongside higher Brent prices, strengthened our cash generation." Fernando Melgarejo, Chief Financial and Investor Relations Officer ... Continue Reading →
Aug. 6 (PN) The Raia project, operated by Equinor in the Campos Basin pre-salt, has reached new milestones in its development phase. The company completed the installation of a 186-kilometer ultra-deepwater section of the gas pipeline that will connect the field to the coast of Rio de Janeiro, using pipes manufactured by Tenaris with 99%... Continue Reading →
Aug. 6 (Reuters) Angola's state-owned oil company Sonangol and concessionaire ANPG said on Thursday that the Katambi-2 offshore appraisal well crossed two productive intervals and confirmed good quality reservoirs. Initial tests recorded a stabilised production rate of 41 million standard cubic feet (MMscfd) of gas and 1,160 barrels a day (bpd) of condensate in the... Continue Reading →
Brazil Energy Insight 