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Sept. 30 (oilprice) Recently, the International Energy Agency (IEA) identified Brazil as a key non-OPEC oil producer responsible for driving global production growth. A swathe of world-class ultra-deepwater pre-salt oil discoveries, the first made in the Lula field during 2006, are driving a massive offshore oil boom. Not only is Brazil Latin America’s largest oil producer, but the... Continue Reading →
Sept. 30 (OE) MODEC has been awarded the full engineering, procurement, construction, and installation (EPCI) scope to develop a floating production, storage and offloading (FPSO) vessel for the Hammerhead project in Guyana following a final investment decision (FID) by ExxonMobil. In April 2025, MODEC received a Limited Notice to Proceed (LNTP) enabling it to commence FPSO design... Continue Reading →
Sept 29 (Reuters) - Equatorial Guinea will open a new oil and gas licensing round in April to boost exploration and counter dwindling oil output, its minister of hydrocarbons and mining development Antonio Oburu Ondo said on Monday. "This ronda (licensing round) will be launched in the second quarter of 2026 right after the details... Continue Reading →
Sept. 29 (OE) Baker Hughes, an energy technology company, has secured a contract from Petrobras to supply up to 50 subsea tree systems and associated services to support offshore oil and gas production across multiple fields in Brazil. The modern subsea systems will enhance recovery in established fields including Albacora, Jubarte and Barracuda-Caratinga. They will... Continue Reading →
Sept. 26 (offshore-energy.biz) UK-headquartered energy technology provider TechnipFMC has tucked under its belt a new multimillion-dollar subsea assignment, which will enable it to help ExxonMobil Guyana, a subsidiary of the U.S.-headquartered ExxonMobil, to bring to life an offshore oil project in Guyana’s Stabroek block. While disclosing the award of a substantial subsea contract for ExxonMobil Guyana’s Hammerhead project,... Continue Reading →
Sept. 26 (OE) Italian offshore energy services firm Saipem has received the authorization to proceed with the execution of activities related to the engineering, procurement, construction and installation (EPCI) contract for the development of ExxonMobil's Hammerhead oil field, offshore Guyana. The contract with ExxonMobil Guyana, valued approximately $500 million, entails the EPCI work for subsea,... Continue Reading →
Sept. 24 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) continued developmental drilling on September 20 at the Yellowtail Project’s YT_1P10 drill center within the Stabroek Block. The Noble Don Taylor rig will carry out the operation until October 31, 2025, according to a recent notice from the Maritime Administration Department. The YT_1P10 drill center lies 105.7 nautical... Continue Reading →
Sept. 25 (Reuters) U.S. energy producer Chevron is expected to begin drilling at Suriname's shallow-water Block 5 next month, the country's oil minister, Patrick Brunings, said. "They will be drilling the Kori Kori well," he said in a TV interview this week. "If this well does indeed contain oil or gas, it will of course be very... Continue Reading →
Sept. 25 (OE) Global technology company SLB has secured a major contract from Petrobras to provide services and technology for up to 35 ultra-deepwater wells in the strategically important Santos Basin. The wells, which are part of the second development of the Atapu and Sépia fields, target massive pockets of oil and gas beneath thick... Continue Reading →
Sept. 24 - Petrobras received approval from Ibama on Wednesday, September 24th, for the Pre-Operational Assessment (APO), the emergency response simulation conducted by the company in August of this year, as the final stage of the environmental licensing process for block FZA-M-59, located in deepwater areas of Amapá. The report approving the APO was filed... Continue Reading →
Brazil Energy Insight 