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(offshore-energy.biz) Australia’s oil and gas company Karoon Energy is on the lookout for a new Chief Executive Officer (CEO) and Managing Director (MD), who will take over from its current CEO/MD next year, as the firm prepares to shift its key corporate teams and roles to Brazil and the United States of America (USA). While... Continue Reading →
July 23, 2025 – Petróleo Brasileiro S.A. – Petrobras hereby informs that the Production Individualization Agreement (AIP) of the Jubarte Pre-Salt Shared Reservoir, located in the Campos Basin, has been approved by the National Agency of Petroleum, Natural Gas, and Biofuels (ANP). The Jubarte Pre-Salt Shared Reservoir comprises: an area of the Jubarte Field (BC-60)... Continue Reading →
(Reuters) - Exxon Mobil has begun negotiations with the Trinidad and Tobago government to explore for oil and gas in up to seven deepwater blocks off the East Coast of the Caribbean country, which the top U.S. oil producer left more than two decades ago, two sources close to the talks told Reuters. The areas Exxon... Continue Reading →
(PN) Continuing its pre-salt drilling program, Petrobras began drilling well 9-BUZ-103D-RJS in the Buzios field, in the Campos Basin, in 1,700 meters of water. The operation is being conducted by the drillship Atlantic Zonda, owned by Eldorado Drilling and operated by Ventura Offshore. In February of this year, the company announced the discovery of oil... Continue Reading →
(Reuters) Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years. On Friday, the U.S. oil producer closed its $55-billion acquisition of Hess - among the largest ever oil and gas deals - and gained the... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general that, today, the Brazilian Institute of the Environment and Natural Renewable Resources (“Ibama”) has granted the Preliminary License (“LP”) of the Wahoo Field Production Development System and interconnection of the wells to the Frade FPSO.... Continue Reading →
Brazilian oil and gas company Brava Energia has connected two more wells at Atlanta field to the floating, production storage, and offloading (FPSO) unit, operating off Brazil, with the peak production expected to be reached in the coming months. The wells 2H and 3H have been connected to the Atlanta FPSO during the second week... Continue Reading →
by Ron Bousso - Reuters LONDON, July 18 - The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. Chevron is set to finalize its $53 billion acquisition of... Continue Reading →
(Reuters) - Chevron can quickly proceed with its $53 billion acquisition of Hess (HES.N), opens new tab, after winning a landmark legal battle against larger rival Exxon Mobil, gaining access to the largest oil discovery in decades. Chevron CEO Mike Wirth's strategy to turn around his company's lagging performance hinges on the acquisition, one of the largest energy deals in the past decade.... Continue Reading →
(offshore-energy.biz) Switzerland-based offshore drilling contractor Transocean has secured a new batch of contracts and extensions in Australia, Norway, Ivory Coast, and Brazil for four floaters, encompassing two drillships and two semi-submersible rigs. While the rig owner’s backlog was $7.9 billion in the fleet status report from April 2025, the company’s total backlog is approximately $7.2 billion as of July 16,... Continue Reading →
Brazil Energy Insight 