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Nov. 19 - Petrobras has extended the charter of the Transocean Deepwater Mykonos rig. The charter period, previously scheduled to end in October of this year, has been extended by 60 days, until December, with an option for another 120 days, until April 2026 Built at the Samsung Heavy Industries shipyard in South Korea, the... Continue Reading →
Nov. 18 (oilnow.gy) ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s offshore Stabroek Block. Production from the Prosperity floating production, storage and offloading (FPSO) vessel began in November 2022 and hit 220,000 barrels per day (b/d) just two months later, three months ahead of schedule. That... Continue Reading →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
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 →
Brazil Energy Insight 