Petrobras Takes Technical Precautions and Studies New Solutions to Explore Resources in the Equatorial Margin

Nov. 10 (PN) The great potential to be discovered in the basins of the Equatorial Margin motivated Petrobras to undertake a long and arduous environmental licensing process with IBAMA (Brazilian Institute of Environment and Renewable Natural Resources). Having overcome this stage, the oil company is now beginning to face the technical and economic challenges. Currently,... Continue Reading →

November 10, 2025 0

5 Countries with the Most FPSOs in the World: Brazil Leads with 46 FPSOs and Accelerates Pre-Salt Development

Nov. 7 - The countries with the most FPSOs in the world concentrate large-scale offshore production; the pre-salt layer drives demand for offshore logistics and strengthens maritime operations in the sector. The global map of countries with the most FPSOs in the world reveals a reshaping of power in offshore production. Brazil leads with 46... Continue Reading →

November 9, 2025 0

South America to Anchor Non-OPEC+ Oil Supply Through 2030

Nov. 7 (oilprice.com) Oil production from offshore Brazil, Guyana and Suriname, as well as Argentina’s Vaca Muerta shale is well-positioned to supply cost-competitive barrels until 2030. Global oil demand is expected to remain robust throughout the 2030s, putting pressure on currently producing assets to keep pace. Rystad Energy’s research forecasts global liquids demand to peak... Continue Reading →

November 9, 2025 0

Petronas, Chevron Sign Contracts for Production Offshore Suriname

Nov. 5 (Reuters) Two consortia led separately by Malaysia's Petronas and U.S. Chevron have signed production-sharing contracts with Suriname's Staatsolie to explore and develop two offshore areas in the South American country, the state company said on Wednesday. Under the 30-year contracts, Staatsolie will conduct a competitive process to select foreign companies to explore and produce oil and... Continue Reading →

November 5, 2025 0

Peru’s Upland challenges disqualification from relaunch of top Amazon oilfield

Nov 3 (Reuters) - Peruvian oil firm Upland Oil and Gas said on Monday it would ask the South American nation's regulator to review its application to operate in Block 192, once Peru's largest Amazon oilfield, after it was disqualified days earlier. State agency Perupetro disqualified Upland, which operates other reserves in the country's Amazon... Continue Reading →

November 3, 2025 0

Brazil’s Petrobras studying logistics base in Amapa, says state’s governor

Oct 30 (Reuters) - Brazil's Petrobras has authorized studies for a logistics center in the Amazonian state of Amapa, where the state-run oil firm started exploring in a promising offshore block last week, state Governor Clecio Luis told Reuters. The company's logistics subsidiary Transpetro will do the studies, Luis said, adding the center would support... Continue Reading →

October 30, 2025 0

BP Steps Up Appraisal Activities on Bumerangue Offshore Discovery in Brazil

Oct. 30 (OE) BP is advancing appraisal planning for its Bumerangue offshore discovery in Brazil after laboratory analysis confirmed a large hydrocarbon column in the pre-salt Santos Basin, and CO2 levels in the reservoir that the company believes can be managed. BP said tests following its August discovery indicate a roughly 1,000-metre gross hydrocarbon column,... Continue Reading →

October 30, 2025 0

ANP 4th Permanent Production Sharing Offer: Registered companies can declare interest in blocks to begin a new cycle

Oct. 29 - The ANP (National Agency of Petroleum, Natural Gas and Biofuels) informs that eight exploratory blocks are available in the Permanent Production Sharing Offer (OPP) tender. Therefore, any of the fifteen companies currently registered in the OPP may open a new bidding cycle by submitting a declaration of interest in one or more... Continue Reading →

October 29, 2025 0

Petrobras requests authorization from Ibama to drill three more wells in the Foz do Amazonas Basin

Oct. 24 - Petrobras has requested authorization from Ibama (Brazilian Institute of Environment and Renewable Natural Resources) to drill three contingent wells in the block. The oil company is currently drilling the Morpho well, in a water depth of 2,887 meters – the drilling is expected to last approximately five months. The drillship used in... Continue Reading →

October 24, 2025 0

Guyana among few countries in the world where investments in O&G exploration remain robust

Oct. 23 (oilnow) While global oil and gas exploration has slowed dramatically over the past decade, Guyana stands as one of the few nations bucking the trend. According to Palzor Shenga, Vice President – Upstream Research at Rystad Energy, the South American country remains a leading light in an industry that has seen annual discoveries... Continue Reading →

October 23, 2025 0

Category: Exploration