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(TN) MODEC's fleet continues to stand out in the Brazilian offshore production scenario. According to the Dynamic Oil and Natural Gas Production Panel, from April 2025, made available by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), FPSO Guanabara MV31, FPSO Almirante Barroso MV32 and FPSO Carioca MV30 are among the ten largest... Continue Reading →
(Reuters) Portugal's Galp expects to boost its oil and gas production in Brazil by around 40% over the next few years, when the promising offshore field Bacalhau reaches peak output, executive board member Nuno Bastos told reporters. Galp produces 110,000 barrels of oil equivalent per day (boepd) in Brazil through a 70%-30% joint venture with... Continue Reading →
In the final week and a half of April 2025, Guyana’s offshore oil production witnessed an uptick, with both the Liza 2 and Payara projects averaging approximately 260,000 barrels per day (b/d) each. This indicates that ExxonMobil, the operator of the Stabroek Block, has begun tapping into the optimized production capacities of these developments. ExxonMobil... Continue Reading →
(PN) British company BP has taken new steps in its exploratory activities in Brazil. This week, the company began drilling the wildcat well 1-BP-13-SPS, in the Bumerangue block, in the pre-salt layer of the Santos Basin. The activity is being carried out in a water depth of 2,372 meters with the drillship Valaris Renaissance. The... Continue Reading →
(oilnow.gy) Wood Mackenzie projects that the three exploration prospects currently being developed in Suriname’s offshore basin this year hold a combined total of approximately 900 million barrels of oil equivalent (mmboe). The wells are Macaw-1, Korikori-1 and Akaru Deep-1; each hold 300 mmboe. Macaw-1 is in Suriname’s Block 64. Spanning 6,262 km² and located 250... Continue Reading →
(offshore-energy.biz) Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has crossed off the task list the mooring of its new floating production, storage, and offloading (FPSO) vessel, which will enable the start of production from ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana.... Continue Reading →
(PN) The National Petroleum Agency (ANP) is advancing preparations for the next auction of the Permanent Concession Offer, which will be held on June 17. The regulatory agency reported that 12 companies presented declarations of interest and offer guarantees for the 16 sectors that will be offered in the event. In addition, the agency also... Continue Reading →
(PN) Petrobras is expanding its exploration efforts in the promising Aram block, located in the pre-salt layer of the Santos Basin. In recent days, the company began drilling a new well in the area, named 3-BRSA-1399-SPS, in a water depth of 1,866 meters. The operation is being conducted by the Valaris DS-4 drillship. In addition... Continue Reading →
(OE) AIS Bardot, a supplier of subsea umbilicals, risers and flowlines, has secured a contract from Saipem for TotalEnergies’ Kamiho deepwater oil and gas project, off Angola. The contract is for the manufacture and supply of three complete hybrid riser lines of 100 meters each. The riser lines will be used to pump seawater to... Continue Reading →
(Reuters) - Top U.S. oil producer Exxon Mobil and Hess will meet face-to-face on Monday in a court hearing to determine the fate of Chevron's $53 billion deal to buy Hess and with it a prized stake in Guyana's prolific oilfields. The planned acquisition, announced in October 2023, is one of the oil industry's biggest deals in years. It is key... Continue Reading →
Brazil Energy Insight 