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Jan. 6 (OE) Chinese multinational oilfield equipment and services provider Jereh Group has delivered slop treatment units and oil purifiers to CIMC Raffles for Petrobras’ P84 and P85 floating production storage and offloading (FPSO) units, bound for deployment at the Atapu and Sépia fields, off Brazil. The equipment will support slop water and oil separation... Continue Reading →
Jan. 5 - In November 2025, Brazil produced 4.921 million barrels of oil equivalent per day (boe/d) of oil and natural gas. The data was released today by the ANP in its Monthly Oil and Natural Gas Production Bulletin. Regarding oil, 3.773 million barrels per day (bbl/d) were extracted, a 6.4% decrease compared to the... Continue Reading →
Jan. 5 (Reuters) Brazilian state-run oil firm Petrobras expects to start production at its P-79 oil platform in the Santos Basin in the second quarter, director for engineering, technology and innovation Renata Baruzzi told Reuters on Friday. Petrobras had previously projected the start of production at the P-79 platform for August this year. The platform... Continue Reading →
Jan. 3 (oilprice.com) Suriname’s government, in the capital Paramaribo, has been hungrily eyeing neighboring Guyana’s massive world-class oil boom since before the 2020 pandemic. Both impoverished South American nations of less than one million share the Guyana Suriname Basin. The offshore basin is delivering an oil boom that is exceeding all expectations, making Guyana, based... Continue Reading →
Jan. 2, 2026 - Petrobras began oil production from the P-78 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, this Wednesday, December 31. Búzios 6 (P-78) has the capacity to produce 180,000 barrels of oil and 7.2 million m³ of gas per day. The... Continue Reading →
Jesper Skjong, Contributor Dec. 20 (OE) Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened in the latter part of the year, long-term demand - driven by deepwater projects and global energy infrastructure-... Continue Reading →
Dec. 30 - Petrobras has approved the final investment decision (FID) for the development of the Sergipe Deep Waters Module 2 (SEAP II) project in the Sergipe-Alagoas Basin. The project is strategic for expanding the availability of domestic gas, as well as opening a new production frontier in the Northeast region. The SEAP II project... Continue Reading →
Dec. 29 (oilnow.gy) Guyana’s total revenues from oil production have climbed to over US$8 billion since output began in December 2019, bolstered by rising production from offshore projects operated by ExxonMobil. Cumulative revenues from oil sales and royalties exceeded US$8.25 billion, according to Bank of Guyana reports, with the milestone reached in October when inflows from crude... Continue Reading →
Dec. 29 (OE) Deep Value Driller has agreed with Saipem to extend the bareboat charter for its seventh-generation drillship Deep Value Driller and to prolong the period during which Saipem may exercise an option to buy the vessel. Under the amended agreement, the parties have agreed to a firm 31-day extension of the charter through... Continue Reading →
Dec. 29 (oilnow.gy) ExxonMobil’s Yellowtail offshore oil project in Guyana averaged 258,000 barrels per day (b/d) in November, exceeding its 250,000 b/d design capacity, according to newly released government data. Total offshore output across the four producing developments in Guyana’s Stabroek Block averaged about 894,000 b/d in November, up from 841,000 b/d in October, the data... Continue Reading →
Brazil Energy Insight 