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Aug 5 (Reuters) - BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes well for Equinor's nearby interests and strong appetite for an October auction of oil blocks in the region. Discoveries nearly two decades ago in the region, defined by vast deepwater fields under... Continue Reading →
Aug 5 (Reuters) - Trinidad and Tobago's government has agreed to award U.S. oil major ExxonMobil acreage in an ultra-deep area that includes seven blocks to explore for oil and gas, two senior government officials told Reuters. The parties began negotiations earlier this year for the areas off the east coast of the Caribbean country, which... Continue Reading →
(Reuters) BP will launch a review of how best to develop and monetize its oil and gas production assets and consider more cost cuts to boost shareholder returns, the oil major said on Tuesday, as it beat second-quarter profit expectations. BP, under pressure from investors after years of underperforming rivals and also the target of... Continue Reading →
August 4, 2025 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosures made on April 17, 2024, and April 25, 2024, announces that it has concluded today the transfer of its entire participation (100%) in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco Petróleo e Gás... Continue Reading →
August 4, 2025 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of July. Key: (1) At the Frade field, the gas compressor had a failure at the end of July, which has already been resolved, and production has... Continue Reading →
(oilnow.gy) Suriname is set to surpass Guyana in exploration and appraisal drilling activity in 2025, according to Wood Mackenzie in the latest World Oil Regional Report on Guyana and Suriname. “In 2025, for the first time since the Liza discovery, WoodMac expects to see more exploration and appraisal wells drilled in Suriname than in Guyana,” the report outlined. ... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of July 2025. The Company renewed its historical production record in July, reaching a daily average of 90.9 thousand boe, an increase of 6.0% compared to the average recorded in... Continue Reading →
(TN) MODEC, a global leader in the operation of floating oil and gas production platforms, celebrates two important operational milestones this month: the 15th anniversary of the FPSO Cidade de Santos MV20 and the 10th anniversary of the FPSO Cidade de Itaguaí MV26. Together, the units have already surpassed the 465 million barrels of oil... Continue Reading →
(offshore-energy.biz) Hunting Subsea Technologies, the Texas-based subsidiary of London-headquartered precision engineering group Hunting, has provided the connections for a floating production storage and offloading (FPSO) to be deployed at a field offshore Guyana being developed by U.S energy giant ExxonMobil. The eight titanium stress joints (TSJs) delivered will be integrated into the FPSO unit Errea Wittu that... Continue Reading →
(Reuters) Chevron beat analyst estimates for second-quarter profit on Friday as record oil and gas production and lower capital expenditure helped the U.S. oil producer boost earnings despite weaker crude prices. The No. 2 U.S. oil major triumphed last month in a legal challenge from Exxon Mobil XOM.N in order to close its $55 billion... Continue Reading →
Brazil Energy Insight 