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March 29 (ANCAP) On March 25, new companies formally joined Areas OFF-2 and OFF-7, operated by Shell, within the framework of the existing hydrocarbon exploration and production contracts. QatarEnergy entered Areas OFF-2 and OFF-7, while Chevron also joined Area OFF-7, as non-operating partners in all cases. As a result, in Area OFF-2, Shell now holds... Continue Reading →
March 27 (Reuters) - Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston this week, ending years of underinvestment in exploration. In recent years, the shale revolution in the U.S. promised abundant, flexible supply, while growth... Continue Reading →
March 26, 2026 - Petróleo Brasileiro S.A. – Petrobras has identified the presence of excellent-quality oil in the pre-salt of the Campos Basin, through an exploration well drilled in the Marlim Sul Field. Well 3-BRSA-1397-RJS is located 113 km offshore, in the municipality of Campos dos Goytacazes (RJ), in 1,178 meters of water depth. The... Continue Reading →
March 24 (Reuters) - Venezuela opposition leader Maria Corina Machado told Reuters on Tuesday that early interest in Venezuela's oil sector is positive but she called for more transparency and contract security, including a new oil law, to further increase crude and gas output in the South American country. In January, Venezuela's National Assembly approved... Continue Reading →
March 25 (Reuters) Brazil's Petrobras will discuss a possible partnership with Mexico's Pemex during a visit to Mexico next month, Mexican President Claudia Sheinbaum said on Tuesday, after her Brazilian counterpart proposed joint projects in the Gulf of Mexico for the two state-run oil companies. Sheinbaum added during her daily morning press conference that she... Continue Reading →
March 24 (Reuters) Norway's Equinor has begun drilling producer and injector wells for its offshore Raia natural gas project in Brazil, while also planning fresh exploratory activities in the South American nation, its top executive in the country told Reuters. The project in the Campos basin is on track to start production in 2028 and... Continue Reading →
March 19 - IBAMA (Brazilian Institute of Environment and Renewable Natural Resources) issued a correction to the drilling license for block BM-C-33 in the Campos Basin, where the Raia field is located. In the document, the federal agency authorized the drilling of three wells in the area using the DS-17 drillship, operated by Valaris. IBAMA... Continue Reading →
March 18 (oilnow.gy) Halliburton and ExxonMobil Guyana Limited have completed the industry’s first fully automated closed-loop well placement offshore Guyana, the companies said in a March 16 release. The project was carried out with Sekal, Noble, and the Wells Alliance Guyana team. The automated workflow links geological data, well placement decisions, and rig control systems... Continue Reading →
March 18 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) will continue development drilling at the Uaru Project’s UA_4P04 drill center in the Stabroek Block offshore Guyana, according to a notice from the Maritime Administration Department (MARAD). Operations began on March 12, 2026, within Guyana’s Exclusive Economic Zone. The MODU Noble Tom Madden is conducting the drilling campaign.... Continue Reading →
March 18, 2026 – Petróleo Brasileiro S.A. - Petrobras informs a new gas discovery in the Copoazu-1 exploratory well, located in Block GUA-OFF-O in deep waters offshore Colombia. This discovery consolidates the gas province and the gas potential in the Colombian offshore, while also adds a greater volume of gas to contribute to the region’s... Continue Reading →
Brazil Energy Insight 