Nov. 18 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) has expanded its offshore data acquisition work, with new geotechnical, underwater, and seismic surveys underway across the Stabroek Block. According to a notice from the Maritime Administration Department, geotechnical surveying operations commenced on November 15 and are scheduled to conclude on December 31, 2025. The work, being carried... Continue Reading →
TGS Getting Ready for Multi-Client 3D Survey Offshore Brazil
Nov. 17 (OE) Energy data and intelligence firm TGS has outlined plans for the start of Pelotas Norte Phase I multi-client 3D survey in the Pelotas Basin, offshore southern Brazil. Phase I will encompass approximately 14,800 square kilometers across 21 exploration blocks, the majority of which lie in un-held acreage expected to be included in... Continue Reading →
Petrobras informs about another oil discovery in the Campos Basin
November 17, 2025 – Petróleo Brasileiro S.A. – Petrobras informs that it has identified the presence of excellent quality oil in the pos-sal of the Campos Basin, in an exploratory well in the Sudoeste de Tartaruga Verde block. Well 4-BRSA-1403D-RJS is located 108 km from Campos dos Goytacazes-RJ city shore, at a water depth of... Continue Reading →
QatarEnergy Joins Guyana Offshore Exploration Block
Nov. 17 (OE) QatarEnergy has signed a production sharing agreement for shallow-water Block S4 offshore Guyana. The block was awarded through the 2022 Guyana Licensing Round. Under the terms of the agreement, QatarEnergy will hold a 35% share, while its partners TotalEnergies will act as operator, holding 40%, with PETRONAS holding remaining 25% interest. Block... Continue Reading →
Ibama Grants Operating License for FPSO P-78 in the Buzios Field
Nov. 14 - The Brazilian Institute of the Environment (Ibama) issued this week the operating license for the FPSO P-78 in the Búzios field, in the pre-salt layer of the Santos Basin. The platform has been in the field since September, awaiting approval from the environmental agency to begin operating. The first oil from the... Continue Reading →
Petrobras Extends Tender Deadline for Albacora Field Revitalization FPSO
Nov. 14 - Petrobras has postponed the deadline for receiving proposals for the construction of the platform that will serve the revitalization project of the Albacora field in the Campos Basin to May 25, 2026. The tender, originally announced in March 2025, stipulated a deadline of December 15, 2025. According to the company, the postponement... Continue Reading →
Colombia’s Ecopetrol posts Q3 profit drop of 30%
Nov 13 (Reuters) - Colombia's state oil producer Ecopetrol on Thursday reported a 30% drop in net profit in the third quarter from a year earlier, citing weaker sales volumes and lower crude prices. Net profit landed at 2.56 trillion pesos ($689 million) from 3.65 trillion pesos in the year-ago period, while total sales also fell... Continue Reading →
Suriname Approves Petronas’ Commercial Gas Discovery
Nov. 13 (Reuters) Suriname's Staatsolie has approved the commercial declaration of the Sloanea gas discovery by Malaysia's Petronas at one of the country's most promising offshore areas, Block 52, the state-run company said on Thursday. The declaration follows a production sharing contract signed in 2013 to explore for oil and gas in the block, three... Continue Reading →
Exxon’s 2025 Golden Lane well targets positioned updip for optimal hydrocarbon recovery
Nov. 13 (oilnow.gy) Three of ExxonMobil’s 2025 exploration and appraisal wells in Guyana’s Stabroek Block — Hamlet-1, Barreleye-2, and Lukanani-2 — are strategically positioned updip of the prolific ‘Golden Lane’ trend. This is according to a November 11 report from global energy magazine GeoExPRO. “These targets are strategically positioned updip of the prolific ‘Golden Lane’... Continue Reading →
Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity
Nov. 13 (oilnow.gy) ExxonMobil Guyana announced on Wednesday that the country’s daily oil production has reached a new milestone of 900,000 barrels per day, following the ramp-up of the Yellowtail project to full capacity. Yellowtail, Guyana’s fourth offshore development, has achieved its designed production rate of 250,000 barrels of oil per day (bopd). This, combined... Continue Reading →