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Oct. 30 (OE) BP is advancing appraisal planning for its Bumerangue offshore discovery in Brazil after laboratory analysis confirmed a large hydrocarbon column in the pre-salt Santos Basin, and CO2 levels in the reservoir that the company believes can be managed. BP said tests following its August discovery indicate a roughly 1,000-metre gross hydrocarbon column,... Continue Reading →
Oct. 29(Reuters) Brazil's state-run oil firm Petrobras is in negotiations with SBM Offshore over two floating production vessels to be commissioned for its Sergipe deepwater projects, Petrobras head of Exploration and Production said on Wednesday. Petrobras hopes to lower costs and speed up delivery of the two vessels, Sylvia Anjos said on the sidelines of the OTC conference in... Continue Reading →
Oct. 29 (oilprice.com) Equinor booked lower-than-expected earnings for the third quarter as liquids prices dropped from a year earlier. The Norwegian energy major on Wednesday reported an adjusted operating income of $6.21 billion for the third quarter of 2025, lower than the company-provided consensus of 21 analysts who had expected $6.31 billion, and below the $6.89 billion booked in... Continue Reading →
Oct. 29 - The ANP (National Agency of Petroleum, Natural Gas and Biofuels) informs that eight exploratory blocks are available in the Permanent Production Sharing Offer (OPP) tender. Therefore, any of the fifteen companies currently registered in the OPP may open a new bidding cycle by submitting a declaration of interest in one or more... Continue Reading →
Oct. 29 (Reuters) Grupo Carso is reviewing the feasibility of the Lakach deepwater natural gas project in collaboration with state energy company Pemex and conducting new analyses to determine how to proceed, a company official said Tuesday. The company signed an agreement last year to partner with Pemex to develop the project in the Gulf... Continue Reading →
Oct. 28 - Oil company PRIO has signed an agreement with Shape Digital, a developer of Artificial Intelligence (AI)-driven digital solutions, for the deployment of Shape Lighthouse, an Intelligent Asset Management platform designed to enhance operational reliability, reduce maintenance costs, and maximize production. The technology will be implemented across PRIO’s three Floating Production Storage and... Continue Reading →
Maersk Supply Service, with the support of Maritime Developments (MDL), has completed a complex dynamic riser assembly installation at Brazil’s Mero field in the pre-salt Santos Basin, connecting the deepwater site to a Permanent Reservoir Monitoring (PRM) sensor grid. The project featured MDL’s largest equipment spread to date, mobilized from Peterhead, Scotland, on board the... Continue Reading →
Oct. 28 – Petróleo Brasileiro S.A. – Petrobras announces that the FPSO Almirante Tamandaré, operating in the Búzios field, located in the pre-salt layer of the Santos Basin, reached a record instantaneous production flow equivalent to 270,000 barrels of oil per day (bpd) last Saturday (October 25). On average, the platform’s production exceeded 250,000 bpd... Continue Reading →
Oct. 27 (Reuters) Portugal's Galp Energia reported an 11% increase in adjusted third-quarter core profit on Monday, beating analysts' estimates, driven by a jump in refining margins and robust gas trading. The energy firm reported adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of 911 million euros ($1.06 billion), surpassing the company-provided consensus of... Continue Reading →
Oct. 24 - Petrobras produced 2.52 million bpd of oil in Brazil in the quarter, up about 18%. Beyond the new 11 wells, the firm said the output increase came from a floating production vessel reaching peak production, another increasing capacity and four ramping up. The firm's total oil, gas and gas liquids production stood... Continue Reading →
Brazil Energy Insight 