ABB has secured a large order by Seatrium, a global provider of marine engineering solutions based in Singapore, for the supply of electrical equipment and automation solutions on a new generation of floating production storage and offloading (FPSO) vessels for operator Petrobras. The two vessels, P-84 and P-85, will be deployed in the Atapu and... Continue Reading →
EPE completes new technical approval for the Equinor Raia gas pipeline project
(PN) The Energy Research Company (EPE) has completed the technical analysis of the documentation submitted by Equinor to request authorization to begin early construction and installation activities for the gas pipeline to transport specified gas from the Raia Project. EPE considered the project compatible with the sectoral planning and recommended its authorization, highlighting its importance... Continue Reading →
Petrobras finds oil signs in Alto Cabo Frio Central block
(PN) Petrobras notified the National Petroleum Agency (ANP) about the discovery of oil signs in well 3-BRSA-1398-RJS, located in the Alto de Cabo Frio Central block, in the pre-salt area of the Campos Basin. The well is located in a water depth of 2,276 meters. The drilling of the well began at the end of... Continue Reading →
Petrobras Targets Africa as Its Main Exploration Area Outside Brazil
(Reuters) Petrobras aims to make Africa its main region of development outside Brazil, the state-run oil giant's CEO told Reuters on Thursday during a wide-ranging interview about the company's strategy. Ivory Coast has extended the "red carpet" for Petrobras to explore deep and ultra-deep waters off its coast, when it gave the company preference in... Continue Reading →
Petrobras submits a declaration of interest for exploratory blocks in the Ivory Coast
Petróleo Brasileiro S.A. – Petrobras informs it has submitted a declaration of interest for exploratory blocks on the offshore areas of the Ivory Coast, a country located on the west coast of Africa. The Ivory Coast government, through its Council of Ministers, approved Petrobras' declaration of interest for nine blocks. This is the first phase... Continue Reading →
Shell Makes FID for Trinidad Offshore Gas Project
(Reuters) Energy producer Shell has made a positive final investment decision on its Aphrodite gas project offshore Trinidad and Tobago, the company said on Tuesday. The project is expected to produce first gas in 2027 and have a peak production of 18,400 barrels of oil equivalent per day, it added in a release. Shell is... Continue Reading →
TotalEnergies and Shell Exchange Lapa and Gato do Mato Stakes
(OE) TotalEnergies has signed an agreement with Shell Brasil Petróleo to exchange its 20% non-operated interest in the Gato do Mato project for an additional 3% interest in Lapa, a producing offshore oil field. Through the agreement TotalEnergies will increase its interest in the operated Lapa offshore field to 48% by acquiring an additional 3%... Continue Reading →
Record Brazil pre-salt oil and natural gas production set in April
(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 →
Petrobras expects to drill pioneer well in the Agua Marinha block, in the Campos Basin
(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 →
How Suriname compares to Guyana: Lessons from a neighbor’s oil journey
(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 →