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PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of May. Key: (1) Following the scheduled shutdown, the resumption of Frade’s operations was impacted by a failure in the gas compression system, which is expected to be resolved in the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs it has submitted a declaration of interest for exploratory blocks on the offshore areas of the Ivory Coast, a country located on the west coast of Africa. The Ivory Coast government, through its Council of Ministers, approved Petrobras' declaration of interest for nine blocks. This is the first phase... Continue Reading →
A new bill passed by Japan’s House of Representatives on 3 June will enable offshore wind projects to be built in the country’s Exclusive Economic Zone (EEZ), beyond the 22-kilometre (12-nautical-mile) line of Japan’s territorial waters. The bill, which was approved by the House of Councillors on 11 April, amends the existing Act on Promotion... Continue Reading →
(Reuters) - An oil-producing consortium in Guyana comprising Exxon Mobil, Hess and CNOOC posted a 64% surge in 2024 profit to $10.4 billion, Exxon said on Tuesday, as facility updates allowed sustained output growth. Due to fast production expansion and relatively low government royalties and taxes, Guyana has become a profitable operation for the group's members, which... Continue Reading →
(OE) TotalEnergies has signed an agreement with Shell Brasil Petróleo to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field. Through the agreement TotalEnergies will increase its interest in the operated Lapa offshore field to 48% by acquiring an additional 3%... Continue Reading →
(TN) ANP released the Monthly Bulletin of Oil and Natural Gas Production for April 2025, which contains consolidated data on national production. The month recorded a new record in pre-salt oil and gas production, with 3.734 million barrels of oil equivalent per day (boe/d). This represents an increase of 0.5% compared to the previous month... Continue Reading →
(PN) Petrobras is keeping an eye on the potential of the pre-salt layer in the Campos Basin. The company is expected to start drilling a pioneer well in the Agua Marinha block, auctioned in 2022, this June. The state-owned company is the operator of the area, with a 30% stake, in partnership with TotalEnergies (30%),... Continue Reading →
Portuguese company Mota-Engil announced that it has signed a new and important contract with Petrobras worth approximately R$1.56 billion (around 240 million euros). The agreement is estimated to last 60 months and involves a wide range of services related to the decommissioning of subsea assets in three oil fields in the Campos Basin: Marlim, Marlim... Continue Reading →
(OE) Amplus Energy Services has selected Astican Shipyard in Las Palmas de Gran Canaria to undertake a major multi-million-dollar work scope to prepare its newly-acquired Petrojarl I floating production, storage and offloading (FPSO) unit for redeployment. The Petrojarl I - most recently in operation offshore Brazil - will undergo a critical reactivation and readiness program... Continue Reading →
(oilnow.gy) Just across the Corentyne River, Suriname is watching. It has seen Guyana go from oil discovery to oil power in less than a decade, GDP booming, rigs multiplying and an international attention growing. But where Guyana surged ahead, Suriname is moving with caution. Guyana’s momentum was driven by multiple factors: a stable investment climate, a business-friendly... Continue Reading →
