Petrobras Forecasts Daily Production of 1.5 Million Barrels in Buzios and Announces R$78 Billion in Investments in Brazilian Shipyards

Petrobras expects to reach a production of 1.5 million barrels of oil per day in the Búzios field in the near future. The information was given by the CEO of the state-owned company, Magda Chambriard, during a Transpetro event. According to her, the increase in production will be supported by a robust hiring of support... Continue Reading →

Suriname oil development could be most expensive to date in Guyana Basin

(oilnow.gy) Staatsolie said Suriname’s first oil development in the shared basin could cost US$13.2 billion. This would represent the highest development expense for such a project, costing more than any of the six projects already sanctioned for nearby Guyana in the same basin.  TotalEnergies, the operator for the Gran Morgu project, had said the project’s estimated cost is... Continue Reading →

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