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July 8 - PetroReconcavo announced production of 24,000 barrels of oil equivalent per day (boe/d) in June. This volume represents a 0.8% increase compared to May, but a 10.4% decrease compared to the same month in 2025. At the Potiguar Asset, production totaled 12,300 boe/d, a 0.3% decline from the previous month. Of this total,... Continue Reading →
July 8 (PN) Equinor has completed the installation of the PLEM (Pipeline End Manifold) for the Raia project at a depth of approximately 2,700 meters in the Campos Basin. This subsea equipment connects the FPSO risers to the pipeline that will transport natural gas to shore. The Raia pipeline will span approximately 200 kilometers, linking... Continue Reading →
July 8 (PN) Karoon Energy recorded an increase in production at the Baúna field, in the Santos Basin, following the completion of an intervention on well SPS-92, which resumed operations after the replacement of its electric submersible pump (ESP). The well's output reached 8,600 barrels of oil equivalent per day (boe/d), raising the field's total... Continue Reading →
July 8 (PN) After several postponements, Petrobras is expected to stick to the deadline for opening bid envelopes for the FPSO that will operate in the Albacora field revitalization project in the Campos Basin. The tender process, originally launched in March 2025, has faced several delays along the way. The current deadline for submitting proposals... Continue Reading →
July 8 (oilnow.gy) Guyana received just under US$2 billion in petroleum revenues during the first six months of 2026, according to official notifications published in the Official Gazette. The two Gazette notifications show that US$1.996 billion was deposited into the Natural Resource Fund (NRF) between January and June through profit oil and royalty payments generated... Continue Reading →
July 8 (OE) The PlemCat floating offshore wind test site in the Spanish Mediterranean has secured a favorable Environmental Impact Assessment (EIA), clearing a key regulatory hurdle for deployment of X1 Wind's 8.5 MW X100 platform under the NextFloat project. The approval was officially published in Spain's Boletín Oficial del Estado on July 8 and... Continue Reading →
July 6 (Reuters) - Brazilian power firm Equatorial and Spain's Iberdrola are in talks with Enel to buy assets of the Italian firm in Brazil, Brazilian newspaper Valor Economico reported on Monday, citing sources. Enel is in a spat over its power concession in Sao Paulo, with authorities considering revoking the approval due to a series of outages in recent... Continue Reading →
July 7 (Reuters) - Brazilian state-run oil firm Petrobras (PETR3.SA), opens new tab signed an agreement with regulator ANP committing to bring 335 temporarily abandoned offshore wells into compliance with safety and environmental rules, both parties said in separate statements on Tuesday. Under the signed agreement, Petrobras will pay 300 million reais ($58.3 million) to ANP, and... Continue Reading →
July7 (OE) Oceaneering International, Inc. has announced that its Brazilian subsidiary, Marine Production Systems do Brasil LTDA (MPS), won a contract from Petróleo Brasileiro S.A. (Petrobras) to deliver ROV services offshore Brazil. The award follows a competitive tender process. The contract term is four years and operations are expected to begin in 2027. Oceaneering will... Continue Reading →
July 1 (Reuters) - Oil prices appear to have settled into a range of $72 to $75 a barrel, although the market has yet to fully normalize and the conflict in the Middle East continues to create uncertainty, the chief executive officer of Brazil's state-run oil firm Petrobras told Reuters. Petrobras' decision to cut diesel prices for distributors,... Continue Reading →
Brazil Energy Insight 