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March 27 - Petrobras announced the renewal of the operating license from the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) for drilling the Mãe de Ouro well, which is located in deep waters in the Potiguar Basin. The license allows the drilling of three wells: Mãe de Ouro, Inhame, and Taianga. The wells... Continue Reading →
March 27 - The board of the National Petroleum Agency (ANP) approved a new version of the tender for the Permanent Production Sharing Offer (OPP). The update includes 15 new exploration blocks, which are added to the eight already foreseen, totaling 23 areas available for the next OPP cycles. The technical-economic parameters were also revised.... Continue Reading →
March 27, 2026 - PRIO S.A. (the “Company” or “PRIO”) (B3: PRIO3), in compliance with best corporate governance practices, hereby informs its shareholders and the market in general that it has opened the second producing well at the Wahoo Field, whose production has stabilized at 12,000 barrels of oil per day. The opening schedule for... Continue Reading →
March 26 - Foresea has signed a long-term contract with Petrobras, valued at approximately US$465 million, for the operation of the ultra-deepwater drillship ODN I at the pre-salt Mero Field in the Santos Basin. The contract is valid for 1,443 days (approximately 4 years). The drillingcampaign is scheduled to begin in early 2027, shortly after... Continue Reading →
March 25 (offshore-energy.biz) As the industry’s shift from automation-assisted drilling to repeatable, scalable well construction automation continues, the U.S.-headquartered oilfield services player Halliburton has tucked a new milestone under its belt by pooling resources with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team to advance digital well construction off the coast of Guyana. The... Continue Reading →
March 24 - Constellation Oil Services, the largest offshore oil well drilling company in Brazil, presented its financial results for 2025, a year marked by consistent advances in its operational and financial performance. The company recorded adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of US$233 million in 2025, 37% above the initial guidance... Continue Reading →
March 24 (Reuters) Norway's Equinor has begun drilling producer and injector wells for its offshore Raia natural gas project in Brazil, while also planning fresh exploratory activities in the South American nation, its top executive in the country told Reuters. The project in the Campos basin is on track to start production in 2028 and... Continue Reading →
March 24 - SBM Offshore is pleased to announce it has been awarded contracts by ExxonMobil Guyana Limited, an affiliate of Exxon Mobil Corporation, to perform Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the Longtail development project in Guyana. The FEED contracts award triggers the... Continue Reading →
March 23 (oilnow.gy) Guyana will remain a net carbon sink through 2030 even as it expands oil production with multiple offshore projects, according to an environmental impact assessment (EIA) for ExxonMobil’s proposed Longtail development. The assessment, prepared by ExxonMobil consultant Acorn International, found that cumulative greenhouse gas emissions from existing activities, the Longtail project and associated... Continue Reading →
March 23 (oilnow.gy) ExxonMobil Guyana plans to boost production at its Yellowtail offshore oil project by roughly 10% as it conducts a new optimization study, company President Alistair Routledge said on March 19. Yellowtail, which started production in August 2025, reached its initial target production of 250,000 barrels per day (b/d) by November. ExxonMobil has since... Continue Reading →
Brazil Energy Insight 