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Feb. 3 (oilnow.gy) Data collected from new 3D marine seismic surveys across deepwater offshore blocks left unawarded or unresolved in Guyana’s first oil and gas auction will soon play a key role in establishing the country’s first Petroleum Data Repository. The Guyana government first signalled plans to operate a petroleum data repository in 2023, citing concerns that... Continue Reading →
Feb. 3 (TN) According to recent data released in the 2025 Production Consolidation Supplement of the ANP's Oil and Natural Gas Production Bulletin*, three FPSOs operated by MODEC are among the top 10 producers in Brazil. The FPSO Guanabara MV31 stood out as the leading oil and gas producer in 2025, maintaining the position it... Continue Reading →
Feb. 3 (TN) Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, has signed an agreement to sell a 20% stake in the Orca Project to Kuwait Foreign Petroleum Exploration Company (KUFPEC). Orca is a deepwater project in the pre-salt area of the Santos Basin. After the transaction is completed, Shell will remain... Continue Reading →
Feb. 2 (ANP) In 2025, the average Brazilian annual production of oil and natural gas reached a historic mark of 4.897 million barrels of oil equivalent per day (boe/d), approximately 12.7% higher than the previous record, achieved in 2023, which was 4.344 million barrels of oil equivalent/day. Compared to 2024, which totaled 4.322 million boe/d,... Continue Reading →
Jan. 30 (oilnow.gy) ExxonMobil Guyana Limited continued exploration drilling at the Barreleye-3 well site on January 27, 2026, as it advances appraisal work in Guyana’s Stabroek Block. The operation is being carried out by the mobile offshore drilling unit Noble Don Taylor. Drilling is scheduled to conclude on February 8, 2026. The Barreleye-3 site lies... Continue Reading →
Jan 30 (OE) Equinor has exercised a one-year priced option for Seadrill’s ultra-deepwater drillship West Saturn for operations offshore Brazil. The exercised option adds $114 million to contract backlog and extends the original contract, which started in 2022, through October 2027. West Saturn is a seventh-generation drill ship, adapted for water depths up to 3,600... Continue Reading →
Jan. 29 (oilnow.gy) Drilling activity offshore Guyana has been extended through 2029 after ExxonMobil awarded Noble Corporation plc additional rig years under its Commercial Enabling Agreement. The award applies evenly across four drillships operating in Guyana — Noble Sam Croft, Noble Don Taylor, Noble Tom Madden and Noble Bob Douglas — and is part of a broader... Continue Reading →
Jan. 29 (oilnow.gy) ExxonMobil Guyana averaged 892,000 barrels per day (b/d) of crude oil production in December 2025 across its four producing developments in the Stabroek Block, according to newly released government data. Production by project was 130,000 b/d at Liza 1, 244,000 b/d at Liza 2, 256,000 b/d at Payara, and 262,000 b/d at... Continue Reading →
January 28, 2026 – Petróleo Brasileiro S.A. – Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (U.S. Securities and Exchange Commission) regulation, estimated at 12.1 billion barrels of oil equivalent (boe), as of December 31, 2025. Oil and condensate, and natural gas correspond to 84% and 16% of this... Continue Reading →
Jan. 28 (TN) The Government of Sergipe, through the State Secretariat for Economic Development and Science and Technology (Sedetec), continues to closely monitor the progress of the ‘Sergipe Deepwater’ project (Seap), after the National Agency of Petroleum, Natural Gas and Biofuels (ANP) approved the development plan for deepwater fields in the state. The decision was... Continue Reading →
Brazil Energy Insight 