CJuly 12 (oilprice.com) ompanies are gearing up for exploration drilling in deepwater blocks offshore Uruguay in the hope that the South Atlantic margin offshore South America could hold a lot of oil, similar to the recent discoveries offshore Namibia in Africa. Uruguay, with a limited exploration drilling history of three wells spudded, all dry,... Continue Reading →
Floating Wind Farm Offshore France Reaches Full Power
July 10 (offshoreWIND.biz) The 30 MW Éoliennes Flottantes du Golfe du Lion (EFGL) floating offshore wind farm, located off France’s Mediterranean coast, has reached full power, Ocean Winds (OW), the owner and developer of the project, said. With three 10 MW turbines located 16 kilometers off the Occitanie coast and installed on semi-submersible floaters, this... Continue Reading →
TotalEnergies Ships First ECA LNG Cargo from Mexico to Asia
July 10 (OE) TotalEnergies has shipped the first cargo produced by the ECA LNG Phase 1 export terminal on Mexico's Pacific coast to Asia as the facility undergoes commissioning. The company holds a 16.6% stake in the project alongside operator Sempra Infrastructure and will offtake 1.7 million tonnes per annum of LNG for 20 years... Continue Reading →
Brazil keeps 12% oil export tax, to review measure in 30 days
July 9 (Reuters) - Brazil's government on Thursday approved the extension of a 12% tax on crude oil exports for another 60 days, a measure introduced in March amid rising oil prices linked to the Iran war. The decision was taken by Gecex, the executive management committee of Brazil's foreign trade chamber Camex, which said in... Continue Reading →
Karoon Completes Well Intervention at BAÚNA FIELD and Announces Production Growth
July 8 (PN) Karoon Energy recorded an increase in production at the Baúna field, in the Santos Basin, following the completion of an intervention on well SPS-92, which resumed operations after the replacement of its electric submersible pump (ESP). The well's output reached 8,600 barrels of oil equivalent per day (boe/d), raising the field's total... Continue Reading →
Guyana earns almost US$2B from oil in first half of 2026
July 8 (oilnow.gy) Guyana received just under US$2 billion in petroleum revenues during the first six months of 2026, according to official notifications published in the Official Gazette. The two Gazette notifications show that US$1.996 billion was deposited into the Natural Resource Fund (NRF) between January and June through profit oil and royalty payments generated... Continue Reading →
NextFloat Floating Wind Pilot Clears Key Spanish Regulatory Hurdle
July 8 (OE) The PlemCat floating offshore wind test site in the Spanish Mediterranean has secured a favorable Environmental Impact Assessment (EIA), clearing a key regulatory hurdle for deployment of X1 Wind's 8.5 MW X100 platform under the NextFloat project. The approval was officially published in Spain's Boletín Oficial del Estado on July 8 and... Continue Reading →
Equatorial and Iberdrola in talks to buy Enel assets in Brazil, Valor reports
July 6 (Reuters) - Brazilian power firm Equatorial and Spain's Iberdrola are in talks with Enel to buy assets of the Italian firm in Brazil, Brazilian newspaper Valor Economico reported on Monday, citing sources. Enel is in a spat over its power concession in Sao Paulo, with authorities considering revoking the approval due to a series of outages in recent... Continue Reading →
PRIO Production Data June 2026
July 3, 2026 - 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 June. Key: (1) The fourth well at the Wahoo Field was opened on June 16, thereby completing the opening of all producing wells planned for the... Continue Reading →
Brava Energia Production Data June 2026
July 3 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of June 2026. Potiguar – The Company continues the gradual resumption of operations at its facilities in the Potiguar Basin. The increase in oil production recorded in... Continue Reading →