Brought to you by Quest Offshore & Southern Cone Consultants
Dec 4 (Reuters Breakingviews) - Shell’s status as Big Oil’s safest pair of hands has its limits. The $212 billion UK major's dividend is relatively more secure against oil price slumps than peers, its net debt is a low 21% of total capital, and operating costs are over 10% less than two years ago. Yet Shell... Continue Reading →
Dec. 4 - Petrobras informs that it has acquired the rights and obligations of the Union in Mero and Atapu units at the Non-Contracted Areas Auction held today by Pré-Sal Petróleo S.A. – PPSA. The consortium formed by Petrobras (80%), in partnership with Shell Brasil Petróleo Ltda (20%), acquired the Union’s 3.500% participation in the production sharing agreement of the Mero shared... Continue Reading →
Dec. 2- Brazilian oil and gas production — including pre-salt, post-salt, and onshore — hit a new record in October, reaching 5.255 million barrels of oil equivalent per day. In total, 4.030 million barrels of oil per day were produced, a 2.9% increase compared to September and a 23.2% increase compared to October 2024. Natural... Continue Reading →
December 1, 2025 – Petróleo Brasileiro S.A. – Petrobras announces that it has been notified by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) regarding the approval of the addendum to the Production Individualization Agreement (AIP) of the Tupi Shared Reservoir, located in the Santos Basin, which becomes effective as of today. The... Continue Reading →
Nov. 28 - Petrobras has postponed the contracting of two FPSO (floating production, storage and offloading) units until after 2030: one for the Albacora field revitalization project and the other for the second FPSO for Sergipe Águas Profundas (SEAP). Both units were left out of the horizon of the company's new 2026-2030 Business Plan. The... Continue Reading →
Nov. 28 - The company's new strategic plan for the period between 2026 and 2030 reveals a paradigm shift in the search for new reserves. Although the pre-salt layer will continue to receive a significant amount of investment, the Equatorial Margin will receive the largest share of the state-owned company's resources over the next five... Continue Reading →
Nov 27 (Reuters) - Brazilian state-run oil firm Petrobras has lowered its dividend forecast and cut expected investments by almost 2% in a new five-year business plan announced Thursday, as it grapples with lower crude prices. Petrobras expects to dole out between $45 billion and $50 billion during the 2026-2030 period in ordinary dividends, a... Continue Reading →
Nov. 28 (oilprice.com) After the discovery of oil in Suriname’s territorial waters in January 2020, the government in the capital Paramaribo pitched its hopes on an oil boom matching that of neighboring Guyana. You see, decades of economic mismanagement, excessive spending, and corruption wreaked havoc on the former Dutch colony’s economy. Over the last decade, gross... Continue Reading →
Nov. 27 - Shell Brazil has signed the concession contracts acquired in the 5th Cycle of the ANP's Permanent Offer, consolidating its strategic position in the Santos Basin and growing its position in the deepwater sector in Brazil. The following blocks were granted: S-M-1819, S-M-1821, S-M-1912 and S-M-1914. Shell has exploration rights as operator and... Continue Reading →
Nov. 26 (oilnow.gy) Guyana is preparing for another major expansion of oil output, with the Uaru project set to start production in 2026. The development, located in the Stabroek Block, is the fifth project approved offshore the country. It is expected to move the country’s production capacity to around 1.1 million barrels of oil per... Continue Reading →
Brazil Energy Insight 