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October 22, 2025 – Petróleo Brasileiro S.A. – Petrobras announces that it has acquired both blocks in the Campos Basin for which it submitted offers during the 3rd Cycle of the Permanent Production Sharing Offer conducted by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP), successfully securing 100% of the bids submitted. Petrobras... Continue Reading →
Oct. 22 - The 3rd Cycle of the Permanent Sharing Offer had seven pre-salt blocks for sale: Esmeralda and Ametista, in the Santos Basin; and Citrino, Itaimbezinho, Ônix, Larimar, and Jaspe, in the Campos Basin. A group of 15 companies are eligible to submit bids during the bidding process: Petrobras, 3R Petroleum, BP Energy, Chevron,... Continue Reading →
Oct. 22 (PN) Petrobras wasted no time in starting drilling the pioneer well in block FZA-M-59, in the Foz do Amazonas Basin, on the Equatorial Margin. The drilling, expected to last approximately five months, began on Monday (20), the same day that Ibama (Brazilian Institute of Environmental Protection) issued the environmental license authorizing the operation.... Continue Reading →
Oct 22 (Reuters) - Brazil's state-run oil firm Petrobras and Norway's Equinor were the big winners in an auction for blocks in Brazil's pre-salt area, acquiring one block each and partnering up for a third one, oil regulator ANP made public on Wednesday. Australia's Karoon Energy also acquired one block, and China's CNOOC and Sinopec formed a consortium to acquire... Continue Reading →
Oct 21 (Reuters) - Brazilian state-run oil company Petrobras'could start oil and gas production in the Foz do Amazonas basin within seven years if large reserves are confirmed, the company's Chief Executive Magda Chambriard told Reuters on Tuesday. Brazil's environmental agency Ibama on Monday greenlit Petrobras to drill an exploratory well in Foz do Amazonas, near the... Continue Reading →
Oct 21 (Reuters) - Portugal's Galp is in advanced talks with several oil majors to sell a 40% stake in its promising offshore Mopane field in Namibia and expects to choose a partner by the end of the year, Executive Board Member Nuno Bastos said on Tuesday. The Mopane field has estimated reserves of at least 10 billion... Continue Reading →
Oct. 20 – Petróleo Brasileiro S.A. – Petrobras informs that it received today the environmental license from Ibama to drill an exploratory well in block FZA-M-059, located in deep waters off Amapá, 500 km from the mouth of the Amazon River and 175 km from the coast, on the Brazilian Equatorial Margin. The drill rig... Continue Reading →
Oct. 17 (moneytimes) Prio obtained authorization from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) to resume production at the FPSO Peregrino, operated by Equinor. According to the relevant fact released to the market, the production ramp-up process will begin immediately. The shutdown occurred in mid-August of this year due to pending safety... Continue Reading →
Oct. 17 (offshore-energy.biz) U.S. offshore engineering and construction firm McDermott has delivered its first subsea project in Angola, as part of which it worked for TotalEnergies on the Begonia field development. McDermott announced on October 16 the completion of engineering, procurement, construction, installation (EPCI), pre-commissioning and commissioning activities for the development located in Block 17/06,... Continue Reading →
Oct. 16 - Petrobras reported that it has submitted the information requested by Ibama related to the licensing process at Foz do Amazonas. According to the company, the environmental agency considered that all outstanding issues were duly clarified and that the information presented is sufficient to continue analyzing the process. "Petrobras remains confident that the... Continue Reading →
Brazil Energy Insight 