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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 →
Oct. 24 - Petrobras has requested authorization from Ibama (Brazilian Institute of Environment and Renewable Natural Resources) to drill three contingent wells in the block. The oil company is currently drilling the Morpho well, in a water depth of 2,887 meters – the drilling is expected to last approximately five months. The drillship used in... Continue Reading →
Spot Auction will offer 4 million barrels with shipment scheduled between February and August 2026 Oct. 23 - PPSA (Pre-Salt Oil) began the process for holding the 5th Spot Oil Auction, scheduled for December 10, 2025. The event foresees the commercialization of four loads of 1 million barrels of oil from the Union each, coming... Continue Reading →
Oct. 24 (offshore-energy.biz) Texas-headquartered manufacturer of pipes and related services Tenaris has secured a contract for the delivery of casing and tubing for what will be Mexico’s first deepwater oil development. Tenaris’ scope includes the supply of 12,000 tons of casing and tubing, including 1,600 tons in the Super 13 Chrome steel grade, for the Trion... Continue Reading →
Oct. 23 (oilnow) While global oil and gas exploration has slowed dramatically over the past decade, Guyana stands as one of the few nations bucking the trend. According to Palzor Shenga, Vice President – Upstream Research at Rystad Energy, the South American country remains a leading light in an industry that has seen annual discoveries... Continue Reading →
October 22, 2025 – Petróleo Brasileiro S.A. – Petrobras announces that it has acquired both blocks in the Campos Basin for which it submitted offers during the 3rd Cycle of the Permanent Production Sharing Offer conducted by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), successfully securing 100% of the bids submitted. Petrobras... Continue Reading →
Oct. 22 - The 3rd Cycle of the Permanent Sharing Offer had seven pre-salt blocks for sale: Esmeralda and Ametista, in the Santos Basin; and Citrino, Itaimbezinho, Ônix, Larimar, and Jaspe, in the Campos Basin. A group of 15 companies are eligible to submit bids during the bidding process: Petrobras, 3R Petroleum, BP Energy, Chevron,... Continue Reading →
Oct. 22 (PN) Petrobras wasted no time in starting drilling the pioneer well in block FZA-M-59, in the Foz do Amazonas Basin, on the Equatorial Margin. The drilling, expected to last approximately five months, began on Monday (20), the same day that Ibama (Brazilian Institute of Environmental Protection) issued the environmental license authorizing the operation.... Continue Reading →
Brazil Energy Insight 