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Eco (Atlantic) Oil & Gas has received final ministerial approval to transfer a 60% participating interest in three exploration licenses offshore Namibia to BP, clearing the final governmental consent required for the transaction. The approval covers PEL97, PEL99 and PEL100 in the Walvis Basin, comprising the Cooper, Guy and Tamar licenses. BP Namibia Energy will... Continue Reading →
Oct. 2 - Petrobras has found another oil-bearing interval in the Morpho well (1-BRSA-1405-APS), which constitutes a new discovery in block FZA-M-59, located in ultra-deep waters off the coast of the state of Amapá, at a water depth of 2,886 meters. The continued drilling of the well, following the discovery announced in August 2026, was... Continue Reading →
Sept. 30 (Reuters) Qatari producer UCC Oil and Gas Holding is in talks for its possible entrance into new fields in Venezuela, the company's head of Upstream, Erik Keskula, said on Tuesday at a conference in Caracas. UCC, British BP and XRG, a unit of United Arab Emirates' state company ADNOC, last month were granted... Continue Reading →
Sept.29 - BRAVA ENERGIA S.A. ("Brava" or the "Company") (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that it commenced production at well PPT-52 on this date, following authorization from the Brazilian Institute of the Environment and Renewable Natural Resources (“Ibama”). The well is part of... Continue Reading →
Sept. 28 (Exxon) Producing one billion barrels of oil is an extraordinary milestone anywhere in the world. In Guyana, it represents a story of vision, partnership, and excellence that has reshaped the nation and the global energy landscape. Just over a decade ago, ExxonMobil and our co-venturers made a world-class discovery in Guyana's Stabroek block.... Continue Reading →
Sept. 28 (offshore-energy.biz) Just three months after installing a brand-new electrical system to boost its flagship Brazilian offshore field, Karoon Energy, an ASX-listed international oil and gas exploration and production player, is heading back to the drawing board. After noting a fault on the monitoring system of the SPS-92 well at the Baúna field, Karoon... Continue Reading →
Sept. 24 - Petrobras plans to install a production platform at the Mãe de Ouro field—which has not yet been drilled—in the Potiguar Basin, should the discovery's potential be confirmed, stated Petrobras CEO Magda Chambriard. Ibama authorized offshore drilling for this block and three others in March of this year. "If this discovery plays out... Continue Reading →
Sept 23 (Reuters) - British energy major Shell and Trinidad and Tobago's National Gas Company have agreed terms for natural gas supplies from Shell's Aphrodite field, ending a pricing dispute that had delayed the project, NGC Chairman Gerald Ramdeen told Reuters on Wednesday. The agreement clears the way for development of the offshore field, with... Continue Reading →
Sept. 22 (Reuters) Brazilian state-run oil company Petrobras' analysis of oil discovered at the Morpho exploration well in the offshore Foz do Amazonas basin showed it to be "very high quality" crude, an executive told Reuters on Monday. The crude found at the well could prove superior to oil produced from Brazil's prolific pre-salt fields,... Continue Reading →
Sept. 17 - Norwegian ocean technology company Miros has secured double-digit offshore technology wins across South America in 2026, strengthening its commercial momentum in the region. The wins were secured between Q1 and Q3 2026, with Brazil accounting for the majority of activity and further deployments linked to offshore operations in Guyana. This activity reflects... Continue Reading →
