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Nov. 18 (oilnow.gy) ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s offshore Stabroek Block. Production from the Prosperity floating production, storage and offloading (FPSO) vessel began in November 2022 and hit 220,000 barrels per day (b/d) just two months later, three months ahead of schedule. That... Continue Reading →
Nov. 18 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) has expanded its offshore data acquisition work, with new geotechnical, underwater, and seismic surveys underway across the Stabroek Block. According to a notice from the Maritime Administration Department, geotechnical surveying operations commenced on November 15 and are scheduled to conclude on December 31, 2025. The work, being carried... Continue Reading →
Nov. 17 (OE) Energy data and intelligence firm TGS has outlined plans for the start of Pelotas Norte Phase I multi-client 3D survey in the Pelotas Basin, offshore southern Brazil. Phase I will encompass approximately 14,800 square kilometers across 21 exploration blocks, the majority of which lie in un-held acreage expected to be included in... Continue Reading →
Nov. 17 (OE) MODEC has outlined plans merge its wholly owned subsidiaries MODEC America and SOFEC from the start of 2026, bringing SOFEC fully into the group as a new Mooring Solutions Business Unit. SOFEC, known for its permanent mooring systems and fluid transfer technologies, will continue to supply SOFEC-branded mooring systems to clients across... Continue Reading →
Nov 17, (OE) ABS issued an approval in principle (AIP) to Petrobras for its safety-enhancing “sandwich hull” design concept for floating production storage and offloading (FPSO) tanks. The design uses parts of longitudinal and transverse elements constructed with steel-concrete-steel sandwich structures that allow tanks to remain free of internal obstructions, promising to improve operational efficiency... Continue Reading →
November 17, 2025 – Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of excellent quality oil in the pos-sal of the Campos Basin, in an exploratory well in the Sudoeste de Tartaruga Verde block. Well 4-BRSA-1403D-RJS is located 108 km from Campos dos Goytacazes-RJ city shore, at a water depth of... Continue Reading →
Nov. 14 - The Brazilian Institute of the Environment (Ibama) issued this week the operating license for the FPSO P-78 in the Búzios field, in the pre-salt layer of the Santos Basin. The platform has been in the field since September, awaiting approval from the environmental agency to begin operating. The first oil from the... Continue Reading →
Nov. 14 - Petrobras has postponed the deadline for receiving proposals for the construction of the platform that will serve the revitalization project of the Albacora field in the Campos Basin to May 25, 2026. The tender, originally announced in March 2025, stipulated a deadline of December 15, 2025. According to the company, the postponement... Continue Reading →
Nov. 13 (OE) Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales. The group’s net order book stood at about $12.8 billion (S$16.6 billion), covering 24 projects slated for delivery through 2031.... Continue Reading →
Nov. 13 (oilnow.gy) Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are strategically positioned updip of the prolific ‘Golden Lane’ trend. This is according to a November 11 report from global energy magazine GeoExPRO. “These targets are strategically positioned updip of the prolific ‘Golden Lane’... Continue Reading →
Brazil Energy Insight 