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Aug 21 (Reuters) - Brazil's oil discovery in an exploratory well in a controversial offshore frontier off the Amazon coast last week has handed President Luiz Inacio Lula da Silva a fresh boost for his reelection campaign, helping him burnish his pro-development credentials in a region that could prove crucial in electing a friendly Senate.... Continue Reading →
Aug. 20 (OE) Everllence has signed a contract with a Turkish shipyard within the high-speed segment. The contract comprises 16 × 175D gensets bound for 4 × Rampage 6000‑DE offshore terminal tugs designed by Robert Allen. These will be operated by Smit Lamnalco, a Boskalis company, in Guyana, South America to support an FPSO fleet... Continue Reading →
Aug. 20 - Alexandre de Gusmão FPSO, the fifth to be installed in the Mero field in the Santos Basin pre-salt, reached peak production, at 180,000 barrels of oil per day (bpd). Mero is the third largest producing field in Brazil, after Búzios and Tupi. “Each unit that reaches the maximum production level envisaged in the project not only contributes to the... Continue Reading →
Aug. 20 (oilnow.gy) The Errea Wittu floating production, storage and offloading vessel was positioned off Guyana’s coast on August 19, VesselFinder data showed. The automatic identification system data listed Georgetown, Guyana, as the vessel’s destination. It was traveling at 7.4 knots, with an estimated arrival time of 10 a.m. today. Arrival estimates can change based... Continue Reading →
Aug 18 (Reuters) - Guyana is now entitled to 39.8% of crude production from a large ExxonMobil-led offshore project, the country's President Irfaan Ali said on Tuesday. The change - expected to greatly increase the country's oil revenue - comes after the Exxon-led consortium, the only one producing oil and gas in Guyana, recovered the... Continue Reading →
Aug. 18 (offshore-energy.biz) Ecopetrol Investimentos do Brasil, a wholly owned subsidiary of Colombia’s state-owned oil and gas company Ecopetrol, has broadened its presence in Brazil’s energy sector by acquiring a controlling stake in local oil and gas producer Brava Energia. In a step that strengthens its growth platform in Brazil, Ecopetrol has completed the acquisition of a... Continue Reading →
Rio de Janeiro, August 14th, 2026 – Petróleo Brasileiro S.A. – Petrobras has identified the presence of hydrocarbons in an exploratory well currently being drilled in Block FZA-M-59, located in deep waters offshore Amapá, within the Foz do Amazonas Basin in Brazil's Equatorial Margin. The Morpho well (1-BRSA-1405-APS) is located approximately 175 km off the... Continue Reading →
Aug 14 (Reuters) - South Africa's Constitutional Court on Friday blocked offshore exploration led by Shell along the country's pristine Wild Coast, a setback for the oil major after years of legal challenges by local communities and environmentalists. The ruling is the latest outcome in a series of court cases that have dampened investor appetite and delayed... Continue Reading →
Aug. 14 (oilnow.gy) Guyana’s oil production fell in May and again in June, according to government data. ExxonMobil leads a consortium that has invested more than US$50 billion to explore and develop the resource offshore. Production averaged 869,000 barrels per day (b/d) in June. This was down from 895,000 b/d in May and 902,000 b/d... Continue Reading →
Aug. 14 - The Tupi asset, in the pre-salt area of the Santos Basin, has reached cumulative production of 4 billion barrels of oil equivalent (boe), becoming the first in the company's 73-year history to achieve this production volume. The first pre-salt system to begin commercial production, in 2010, it required the development of a new exploration model and pioneering... Continue Reading →
Brazil Energy Insight 