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Dec. 8 (Reuters) Petrobras could start producing at the Sudoeste de Tartaruga Verde block in about two years, Sylvia Anjos, the state-run oil firm's head of exploration and production, said on Friday. The firm made a discovery at the block, located in the country's Campos basin, in November. It was "brilliant," Anjos said on the... Continue Reading →
Nov 28 (Reuters) - Colombian state-run energy firm Ecopetrol will invest between 22 trillion and 27 trillion pesos ($5.88 billion-$7.21 billion) next year, it said late on Thursday, roughly in line with 2025 as it pledged "disciplined" capital allocation. Ecopetrol plans to drill between 380 and 430 development wells - 95% in Colombia and 5% in... Continue Reading →
Nov. 28 - The company's new strategic plan for the period between 2026 and 2030 reveals a paradigm shift in the search for new reserves. Although the pre-salt layer will continue to receive a significant amount of investment, the Equatorial Margin will receive the largest share of the state-owned company's resources over the next five... Continue Reading →
Nov. 28 (oilprice.com) After the discovery of oil in Suriname’s territorial waters in January 2020, the government in the capital Paramaribo pitched its hopes on an oil boom matching that of neighboring Guyana. You see, decades of economic mismanagement, excessive spending, and corruption wreaked havoc on the former Dutch colony’s economy. Over the last decade, gross... Continue Reading →
Nov. 25 (oilnow.gy) Guyana’s Stabroek Block now has 51 discoveries filed with the Ministry of Natural Resources. ExxonMobil confirmed the figure in a release on Sunday, stating, “We have announced more than 30 significant discoveries in the Stabroek Block, while filing 51 Notices of Discovery with the Ministry.” ‘Significant discoveries’ are those that materially impact... Continue Reading →
Nov 19 (OE) BW Energy has completed drilling operations on the Kharas-1 appraisal well in the Kudu license area, offshore Namibia, confirming the presence of hydrocarbons. The well, drilled with Odfjell Drilling-managed Deepsea Mira rig, reached a total depth of 5,100 m and intersected multiple reservoir intervals. The well will now be plugged, and abandoned... Continue Reading →
Nov. 19 - Petrobras has extended the charter of the Transocean Deepwater Mykonos rig. The charter period, previously scheduled to end in October of this year, has been extended by 60 days, until December, with an option for another 120 days, until April 2026 Built at the Samsung Heavy Industries shipyard in South Korea, the... Continue Reading →
November 17, 2025 – Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of excellent quality oil in the pos-sal of the Campos Basin, in an exploratory well in the Sudoeste de Tartaruga Verde block. Well 4-BRSA-1403D-RJS is located 108 km from Campos dos Goytacazes-RJ city shore, at a water depth of... Continue Reading →
Nov 13 (Reuters) - Colombia's state oil producer Ecopetrol on Thursday reported a 30% drop in net profit in the third quarter from a year earlier, citing weaker sales volumes and lower crude prices. Net profit landed at 2.56 trillion pesos ($689 million) from 3.65 trillion pesos in the year-ago period, while total sales also fell... Continue Reading →
Nov. 13 (oilnow.gy) Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are strategically positioned updip of the prolific ‘Golden Lane’ trend. This is according to a November 11 report from global energy magazine GeoExPRO. “These targets are strategically positioned updip of the prolific ‘Golden Lane’... Continue Reading →
Brazil Energy Insight 