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Nov. 11 (oilnow.gy) Japan’s MODEC earned more construction revenue from ExxonMobil’s Hammerhead project offshore Guyana in the first nine months of 2026, the company said in its November 10 investor presentation. Group revenue rose 10.1% to US$3.69 billion, while profit attributable to shareholders increased 24.8% to US$306.5 million. MODEC said revenue from Hammerhead and Shell’s... Continue Reading →
Nov. 10 - In a quarter marked by strong operational performance, with record results in the E&P, Refining and Marketing segments, Petrobras reported net income of BRL 39.8 billion (US$ 7.7 billion) in the third quarter of 2024. Excluding one-off items in the quarter, net income reached BRL 47.9 billion (US$ 9.3 billion), representing a... Continue Reading →
Nov. 10 - Petrobras announces that it has raised its 2026 production projections. The estimate for total oil and gas production attributable to Petrobras has increased from 3.1 million boed to a range of 3.3 million to 3.4 million boed. The projection for oil and NGL production has increased from 2.5 million bpd to a... Continue Reading →
Nov. 8 (PN) On the eve of completing 50 years of production, the Campos Basin finds itself at a decisive juncture for its future within the Brazilian oil and gas industry. Responsible for more than half of all the oil ever produced in the country, the region is now grappling with the effects of field... Continue Reading →
Nov 9 (PN) Brazil’s oil production is projected to reach a peak of approximately 5 million barrels per day by 2028, driven primarily by the start of operations for new units in the pre-salt region. This forecast is included in the Oil and Natural Gas Production section of the Ten-Year Energy Expansion Plan 2036 (PDE... Continue Reading →
Nov. 7 (offshore-energy.biz) Brazil’s state-owned energy giant Petrobras has secured approval in principle (AiP) from classification society Lloyd’s Register (LR) for its floating production, storage, and offloading (FPSO) concept, advancing a redevelopment plan that adapts the proven P-68 FPSO design to cut risk, cost, and delivery time in Brazil’s Santos Basin. Lloyd’s Register, which awarded... Continue Reading →
Nov. 3 - The P-78 platform, installed in the Búzios field in the pre-salt area of the Santos Basin, reached the mark of 180,000 barrels of oil per day on Saturday (10/31), corresponding to the unit's nameplate capacity. Located 180 km off the coast of Rio de Janeiro, the Búzios field is Petrobras' largest producing... Continue Reading →
November 3, 2026 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and unaudited Operational Data for the month of October. November 3, 2026 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and unaudited Operational Data... Continue Reading →
Oct. 30 (OE) Seatrium has secured a floating production, storage and offloading (FPSO) vessel integration contract worth over $155 million (S$200) million from SBM Offshore for offshore developments in South America. The contract covers the fabrication of key mooring and riser support structures, a flare tower and associated topside support structures, as well as vessel... Continue Reading →
Oct. 28 (Petrobras) In 3Q26, our average production of oil, NGL, and natural gas reached a record of 3.512 MMboed, 11.7% higher than 3Q25 and 5.3% higher than 2Q26, due primarily to the highest production efficiency level in eight years, the ramp-up of P-78 and P-79 FPSOs in Búzios field, FPSO Alexandre de Gusmão reaching... Continue Reading →
