Brought to you by Quest Offshore & Southern Cone Consultants
July 29 (Reuters) - The Paraguana Refining Center in Western Venezuela once symbolized the country's oil wealth and its ambition to turn vast crude reserves into fuels and export revenue. Today, the 955,000-barrel-per-day complex in Falcon state runs at a fraction of capacity, a decline decades in the making and unrelated to the strong earthquakes... Continue Reading →
July 26 (oilprice.com) Argentina’s massive shale oil and gas boom is going from strength to strength. The economically crisis-prone South American country yet again reported record monthly oil and natural gas production for May 2026. This couldn’t come at a better time for Argentina and South America. Rising global geopolitical risks, notably due to war in the Middle... Continue Reading →
July 24 - BRAVA ENERGIA S.A. (“Brava” or the “Company”) (B3: BRAV3), pursuant to Article 157, paragraph 4, of Law No. 6,404 dated, December 15, 1976, as amended, and CVM Resolution No. 44, dated August 23, 2021, further to the Material Facts disclosed on April 23, 2026, May 25, 2026, June 15, 2026 and July 7,... Continue Reading →
July 21 - BRAVA ENERGIA S.A. (“Brava” or the “Company”) (B3: BRAV3), in compliance with CVM Resolution No. 44/2021, and further to the Material Fact notice dated July 15, 2026, hereby informs its shareholders and the market in general that it has received from Ecopetrol Investimentos do Brasil Ltda. (“Offeror”) the notice attached to this Material... Continue Reading →
July 14 (Reuters) - Shell has begun tendering for drilling services for its Dragon offshore gas project in eastern Venezuela, part of a plan to drill four wells there beginning in the second quarter of 2027, according to two people familiar with the process. The contract is expected to be awarded by the end of September, the... Continue Reading →
CJuly 12 (oilprice.com) ompanies are gearing up for exploration drilling in deepwater blocks offshore Uruguay in the hope that the South Atlantic margin offshore South America could hold a lot of oil, similar to the recent discoveries offshore Namibia in Africa. Uruguay, with a limited exploration drilling history of three wells spudded, all dry,... Continue Reading →
July 10 (oilnow.gy) Staatsolie Maatschappij Suriname N.V. has received the fourth proposal under its Open Acreage model, extending a run of offshore proposal activity as Suriname works to advance its oil production ambitions. The state oil company announced on July 7, 2026, that it received a proposal for an area in Sector 2: SHO EAST,... Continue Reading →
July 9 (Reuters) - Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras on its possible return to exploration and production in the country, while the company is also willing to help restructure state energy firm YPFB, Energy Minister Marcelo Blanco said on Thursday. The government of President Rodrigo Paz is looking... Continue Reading →
July 9, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosure made on April 17, 2026, announces that it has concluded the acquisition of the interest in and operatorship for Block 3, located offshore São Tomé and Príncipe, in Africa. Upon completion of the transaction, the consortium is now composed of Petrobras... Continue Reading →
July 2 (cenarioenergia) - The Administrative Council for Economic Defense (Cade) has approved, without restrictions, Petrobras' entry into the Itaimbezinho exploration block, located offshore in the Campos Basin and contracted under the production-sharing regime. The transaction involves acquiring a 50% stake currently held by Equinor—a move that reinforces the Petrobras' strategy to expand its exploration... Continue Reading →
Brazil Energy Insight 