Brought to you by Quest Offshore & Southern Cone Consultants
Nov. 11 - The P-79 FPSO left the Hanwha Ocean shipyard, located in Geoje-Si, South Korea, heading to the Búzios field, in the pre-salt layer of the Santos Basin. The unit will be towed to the operating area with the crew on board, which should speed up the start of production. Arrival is scheduled for... Continue Reading →
Nov 11 (Reuters) - Brazilian engineering group Novonor is close to reaching an agreement to sell most of its controlling stake in petrochemical firm Braskem to IG4 Capital, four sources familiar with the matter told Reuters. Sao Paulo-listed Braskem shares soared more than 17% on Tuesday following a Bloomberg News report on the potential deal,... Continue Reading →
Nov. 10 (PN) The great potential to be discovered in the basins of the Equatorial Margin motivated Petrobras to undertake a long and arduous environmental licensing process with IBAMA (Brazilian Institute of Environment and Renewable Natural Resources). Having overcome this stage, the oil company is now beginning to face the technical and economic challenges. Currently,... Continue Reading →
Nov. 10 - Transpetro launched the third international public tender of the Petrobras System Fleet Renewal and Expansion Program. The new tender calls for the contracting of four new medium-sized vessels of the MR1 (Medium Range) class, with 40,000 gross tonnage (GT), intended for the transport of oil and derivatives along the Brazilian coast. The... Continue Reading →
Nov. 10 (OE) Norway’s TMC Compressors said it has secured a contract to deliver a large-capacity marine compressed air system to MODEC’s new floating production, storage and offloading (FPSO) vessel, Gato do Mato, bound for Brazil. TMC will supply compressors to provide control and service air aboard the vessel, the company said on Monday, without... Continue Reading →
Nov. 7 - The countries with the most FPSOs in the world concentrate large-scale offshore production; the pre-salt layer drives demand for offshore logistics and strengthens maritime operations in the sector. The global map of countries with the most FPSOs in the world reveals a reshaping of power in offshore production. Brazil leads with 46... Continue Reading →
Nov. 7 - Petrobras has obtained permission from the Brazilian environmental agency Ibama to expand the capacity of six oil production platforms by a total of 115,000 barrels per day (bpd), the company announced Thursday in a presentation published to the market. The impact of this expansion will contribute to an increase of 90,000 bpd... Continue Reading →
Nov 7 (Reuters) - Brazil's Petrobras expects annual capital expenditures to be between the midpoint and top of its current estimates, as it rolls out investments faster than expected, the state-run oil company's chief financial officer said on Friday. After investing $5.5 billion in the third quarter, Petrobras' cumulative capex for the first nine months of 2025 reached... Continue Reading →
Nov. 7 (oilprice.com) Oil production from offshore Brazil, Guyana and Suriname, as well as Argentina’s Vaca Muerta shale is well-positioned to supply cost-competitive barrels until 2030. Global oil demand is expected to remain robust throughout the 2030s, putting pressure on currently producing assets to keep pace. Rystad Energy’s research forecasts global liquids demand to peak... Continue Reading →
Nov. 6 - PetroReconcavo reports a net profit of R$ 121.9 million in the third quarter of 2025 (Q3 2025), a 23% decrease year-over-year. The lower profit followed a 2% decrease in net revenue, which stood at R$ 786.3 million. PetroReconcavo's average production was 26,400 barrels of oil equivalent (“boe”) per day, a 3% decrease... Continue Reading →
