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Sept. 24 - Petrobras received approval from Ibama on Wednesday, September 24th, for the Pre-Operational Assessment (APO), the emergency response simulation conducted by the company in August of this year, as the final stage of the environmental licensing process for block FZA-M-59, located in deepwater areas of Amapá. The report approving the APO was filed... Continue Reading →
The Brazilian oil and gas sector is expected to receive approximately R$17 billion in new onshore investments from the extension of contracts for 139 onshore oil and natural gas production fields originated in Round Zero. This figure was released by the National Petroleum Agency (ANP). The so-called Round Zero was held in 1998, following the... Continue Reading →
Sept. 23 (TN) The ANP Board of Directors approved the inclusion of 275 new blocks and five areas with marginal accumulations in the Permanent Concession Offer (OPC) notice, located in the Campos, Ceará, Espírito Santo, Parnaíba, Potiguar, Recôncavo, Santos, São Francisco, Tacutu, and Tucano Sul basins. The new version of the notice, including the approved... Continue Reading →
Sept. 22 (offshore-energy.biz) As three oil and gas players — Chevron, Anadarko, and Westlawn — have forged a consortium to pursue hydrocarbon exploration off the coast of Peru, the results of a previously undertaken 3D marine seismic survey are the first item on their agenda, followed by a drill-or-drop decision. The trio’s formalization of their... Continue Reading →
This year marked the return to boosting oil and gas production, and with it—increased exploration efforts in key basins and promising new frontiers. Guyana, Suriname, Namibia, and Brazil have seen major oil discoveries in recent years. Big oil scaled back on renewable energy investment and has returned to oil and gas exploration. Sept. 19 (oilprice.com)... Continue Reading →
Sept 18 (Reuters) - Colombian state-run energy company Ecopetrol is set to exceed its 2025 goal of drilling 10 oil wells by between 20% and 40%, the company's vice president for hydrocarbons, Rafael Guzman, said on Thursday. The company drilled six wells in the first half of the year, two of which were successful, it has said. "I think... Continue Reading →
Sept. 18 (OE) Energy data and intelligence firm TGS has started PAMA Phase II 3D multi-client survey in the Equatorial Margin area offshore Brazil. The first phase covered 19,343 square kilometers and more than 25 future exploration blocks within the Pará-Maranhao Basin, one of the world’s largest, most unexplored, and highly prospective basins. PAMA Phase... Continue Reading →
Brazil's oil production growth is primarily driven by massive investments from Petrobras in prolific pre-salt offshore oilfields, aiming for 5 million barrels per day by 2030. Argentina has become a leading South American oil producer, with significant growth stemming from the successful exploitation of the vast Vaca Muerta shale formation. Guyana's oil production is surging... Continue Reading →
Sept. 18 (OE) The high-specification ultra-deepwater drillship Tidal Action, owned by Hanwha Ocean, has started its maiden contract with Petrobras at Roncador field, offshore Brazil. The Tidal Action arrived in the Guanabara Bay in Rio de Janeiro on July 7, 2025, and has now been deployed to the Roncador field in the Campos Basin offshore... Continue Reading →
Sept. 18 (Reuters) An auction of deepwater oil and gas exploration and production blocks in Trinidad and Tobago has failed to attract significant interest from foreign investors, with bids submitted for just four of the 26 areas on offer. The bidding round closed on Wednesday with bids from China's CNOOC for three areas and a... Continue Reading →
