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March 11 (OE) Energy and marine consultancy ABL has been contracted to provide marine warranty survey services for marine operations and installation activities on ExxonMobil’s Hammerhead development offshore Guyana. The Hammerhead project is expected to be the seventh development in the Stabroek Block, located around 200 km offshore Guyana in water depths ranging from 850... Continue Reading →
March 11 - PRIO S.A. (“Company” or “PRIO) informs to its shareholders and the market in general that it has published a new reserve certification report, prepared by DeGolyer & MacNaughton (“D&M”), dated January 1, 2026, which includes the reserves of the Polvo and TBMT (Bravo) cluster, Frade and Wahoo (Valente) cluster, the Albacora Leste field and the Peregrino field. Summary of reserves:... Continue Reading →
March 10, 2026 – Exail is supplying over 70 acoustic transponders and integrated navigation suites for two major deepwater energy projects in Brazil and Angola. These contracts mark a significant milestone in the global adoption of Exail’s Long Baseline (LBL) subsea positioning technology, supporting subsea construction, offshore infrastructure installation, and survey operations in complex environments... Continue Reading →
March 11 (OE) The first gas injection on Petrobras’ P-78 floating production, storage and offloading (FPSO) unit has been achieved just 61 days after the vessel reached first oil on December 31, 2025. The milestone, achieved on March 2, 2026, marks the transition of the vessel toward full operational readiness and expands production capability at... Continue Reading →
March 11 (OE) TotalEnergies and its partners Repsol and Shell have started production from the Lapa South-West project in Brazil’s Santos Basin. Located approximately 300 km offshore, the project consists of three wells tied back to the existing Lapa floating production, storage and offloading (FPSO) unit and is expected to increase production from the Lapa... Continue Reading →
March 10 (OE) X1 Wind has received a Statement of Compliance for the basic design of its X100 floating offshore wind platform from classification society DNV, marking a key milestone in the development of the company’s floating wind technology. The certification confirms that the X100 platform meets international engineering and safety standards under the DNV-SE-0442... Continue Reading →
March 10 (Reuters) - Exxon Mobil is seeking to abandon its corporate registration in New Jersey and redomicile in Texas where its headquarters is located, the U.S. oil major said on Tuesday, in a move that could help bolster its defenses against activist shareholders and climate advocates. Exxon announced the proposal in a proxy filing. If the move is approved... Continue Reading →
March 9 (Reuters) - The sharp increase in energy prices as the war in the Middle East continues will drive Brazilian sugarcane processors to produce more ethanol and less sugar in the new season that will kick off in the coming weeks, analysts said on Monday. Raw sugar futures in the ICE exchange jumped more than 3%... Continue Reading →
March 30 - Equinor has reached a significant milestone in the construction of the Raia FPSO (BM-C-33 project) with the completion of the lifting of modules at the Seatrium Angra dos Reis shipyard (formerly BrasFELS). In November 2025, the modules manufactured in Brazil were completed and shipped to Singapore, where they will be integrated into... Continue Reading →
March 9 (Reuters) The dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth. Against the surging greenback, the euro EUR= and sterling GBP= were down roughly 1% in Asia, while the Aussie AUD= and... Continue Reading →
Brazil Energy Insight 