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(TN) ANP released the Monthly Bulletin of Oil and Natural Gas Production for April 2025, which contains consolidated data on national production. The month recorded a new record in pre-salt oil and gas production, with 3.734 million barrels of oil equivalent per day (boe/d). This represents an increase of 0.5% compared to the previous month... Continue Reading →
(PN) Petrobras is keeping an eye on the potential of the pre-salt layer in the Campos Basin. The company is expected to start drilling a pioneer well in the Agua Marinha block, auctioned in 2022, this June. The state-owned company is the operator of the area, with a 30% stake, in partnership with TotalEnergies (30%),... Continue Reading →
(oilnow.gy) Just across the Corentyne River, Suriname is watching. It has seen Guyana go from oil discovery to oil power in less than a decade, GDP booming, rigs multiplying and an international attention growing. But where Guyana surged ahead, Suriname is moving with caution. Guyana’s momentum was driven by multiple factors: a stable investment climate, a business-friendly... Continue Reading →
The National Petroleum Agency (ANP) published the new versions of the notice and contracts for the Permanent Production Sharing Offer (OPP). One of the new features was the exclusion of the Mogno block, as it is located outside the Brazilian Exclusive Economic Zone, where there are still no guidelines applicable to the production sharing regime.... Continue Reading →
(oilnow.gy) Since ExxonMobil’s historic Liza discovery in 2015, the Stabroek Block offshore Guyana has yielded a string of world-class oil finds. While Liza remains the biggest discovery to date, several subsequent wells have encountered major oil-bearing reservoirs. Here is a ranking of the top discoveries after Liza, based on the thickness of high-quality oil or... Continue Reading →
(CNN) Shell expects to drill an exploratory oil well in the Pelotas Basin, a new exploration frontier, in 2028, said Lucio Prevatti, the company's general manager for exploration and development in Brazil, during an event in Rio de Janeiro. According to him, Brazil needs to find new producing areas to replenish its reserves and meet... Continue Reading →
(TN) MODEC's fleet continues to stand out in the Brazilian offshore production scenario. According to the Dynamic Oil and Natural Gas Production Panel, from April 2025, made available by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), FPSO Guanabara MV31, FPSO Almirante Barroso MV32 and FPSO Carioca MV30 are among the ten largest... Continue Reading →
(OE) EOG Resources Trinidad (EOG) and BP Trinidad and Tobago, equal joint venture partners in the Mento development, have produced first gas at the field off Trinidad’s southeast coast. The Mento development features a 12-slot, attended facility that is located in acreage jointly licensed by EOG and BP Trinidad and Tobago, owned by BP (70%)... Continue Reading →
(Reuters) Portugal's Galp expects to boost its oil and gas production in Brazil by around 40% over the next few years, when the promising offshore field Bacalhau reaches peak output, executive board member Nuno Bastos told reporters. Galp produces 110,000 barrels of oil equivalent per day (boepd) in Brazil through a 70%-30% joint venture with... Continue Reading →
In the final week and a half of April 2025, Guyana’s offshore oil production witnessed an uptick, with both the Liza 2 and Payara projects averaging approximately 260,000 barrels per day (b/d) each. This indicates that ExxonMobil, the operator of the Stabroek Block, has begun tapping into the optimized production capacities of these developments. ExxonMobil... Continue Reading →
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