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July 3, 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 June. Key: (1) In the Frade field, the gas compression system was fully repaired, and production was normalized. (2) In the Polvo and Tubarão Martelo cluster,... Continue Reading →
(Reuters) - An Exxon Mobil-led oil consortium has returned 2,534 square kilometers of the Stabroek Block in Guyana back to the government, the Ministry of Natural Resources said in a statement on Wednesday. The relinquishment is part of a contractual requirement for Exxon to enter the final phase of exploration of the Stabroek Block, which contains... Continue Reading →
(offshore-energy.biz) Australia-based petroleum exploration company Pancontinental Energy has revealed the results of two studies exploring hydrocarbon properties of a petroleum exploration license (PEL) it operates in the Orange Basin, offshore Namibia. The Australian player said the new evidence provides increased confidence for the presence of a high net-to-gross reservoir system and the presence of hydrocarbons... Continue Reading →
(PN) Two new contracts were signed with Subsea7 for the supply of Rigid Jumpers for the projects in the Mero 4 and Búzios 8 fields, located in the heart of the Santos Basin pre-salt layer, at a depth of 2,200 meters. The contracts provide for the delivery of 28 Rigid Jumpers, 13 for the Mero... Continue Reading →
Petrobras CEO,Magda Chambriard, announced that the FPSO P-78 has begun its journey to Brazil. The unit, which will be installed in the Buzios field, in the pre-salt layer of the Santos Basin, was in Singapore undergoing integration and commissioning stages. The Keppel/Hyundai consortium was responsible for building the vessel. “And before anyone says that there... Continue Reading →
(oilnow.gy) Brazil’s Foz do Amazonas Basin is being viewed by top industry players as that country’s top offshore frontier opportunity, with Horizon Engage reporting that aggressive bidding there signals strong private-sector belief in the Equatorial Margin as “akin to Guyana’s Stabroek field”. According to Horizon Engage Senior Advisor for Brazil and Energy Transition, Mark Langevin, consortia including Petrobras, ExxonMobil,... Continue Reading →
(offshore-energy.biz) The steel-cutting ceremony for a floating production storage and offloading (FPSO) unit destined for a field offshore Brazil operated by the Brazilian subsidiary of the U.K.-headquartered energy giant Shell has been held at the Sumitomo Heavy Industries’ Yokosuka shipyard in Japan. Based on a social media post by Cristiano Pinto da Costa, President of Shell Brasil,... Continue Reading →
(PN) The Brazilian Institute of the Environment (Ibama) granted the preliminary license for oil and gas production activities at the Raia Project, operated by Equinor in the pre-salt layer of the Campos Basin. Also, the National Petroleum Agency (ANP) approved the construction of the 200 km gas pipeline that will connect the Raia FPSO to... Continue Reading →
TotalEnergies has signed an agreement to acquire the 25% interest held by Moeve, formerly known as CEPSA, in Block 53, offshore Suriname, joining APA and Petronas as partner in the license. Block 53 lies directly east of Block 58, where TotalEnergies and its partners made the final investment decision (FID) for the GranMorgu development in October 2024.... Continue Reading →
(OE) Shearwater Geoservices has secured a 3D marine seismic acquisition contract by TotalEnergies in Sao Tome & Principe on the STP-02 Block. The two-month exploration survey off the coast of Western Africa will start early in the third quarter of 2025 using the SW Empress, one of the world’s most capable 3D seismic vessels. TotalEnergies... Continue Reading →
Brazil Energy Insight 