Brought to you by Quest Offshore & Southern Cone Consultants
May 26 (OE) Karoon Energy has restarted production from the Baúna project offshore Brazil following a planned 28-day shutdown tied to maintenance and revitalization work on the floating production, storage and offloading (FPSO) unit. The company said production has ramped up to approximately 11,500 barrels of oil per day before natural decline resumes. Karoon expects... Continue Reading →
May 25 (oilnow.gy) ExxonMobil proposed Longtail development will incorporate multiple environmental safeguards aimed at reducing impacts on marine ecosystems, water quality, and coastal resources offshore Guyana, according to the project’s Environmental Impact Assessment (EIA) published by the Environmental Protection Agency (EPA) in March. The mitigation and monitoring approaches proposed for Longtail build on environmental management systems and... Continue Reading →
May 22 (oilprice.com) Brazilian President Luiz Inácio Lula da Silva has explicitly linked oil exploration and rare-earth mining to Brazil's national sovereignty, declaring that the country’s subsoil resources must be used to drive domestic industrialization rather than enrich foreign nations. Speaking at Petrobras’(NYSE:PBR) giant refinery, Refinaria de Paulínia (Replan), in São Paulo, Lula emphasized that Brazil must actively... Continue Reading →
May 22 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) has issued a request for information (RFI) seeking technical input from suppliers for the potential construction of up to two DP2 chemical carrier platform supply vessels (PSVs). The RFI, published on May 19, outlines plans for a service agreement covering DP2 chemical PSVs designed to carry type I,... Continue Reading →
May 22 (Reuters) Brazil's federal tax revenue surged in April, official data showed on Thursday, buoyed by higher oil-related receipts as elevated crude prices linked to the U.S.-Israel war on Iran lifted government intake under President Luiz Inacio Lula da Silva. Total revenue reached 278.823 billion reais ($55.86 billion), up 7.82% in real terms from... Continue Reading →
May 21 (oilnow.gy) Guyana’s Natural Resource Fund (NRF) surpassed the US$4 billion mark for the first time at the end of April 2026, supported by high crude prices and stable offshore crude production. According to the April report for the NRF, the fund closed the month with a balance of approximately US$4.1 billion (GY$856 billion).... Continue Reading →
May 21 (OE) Rockhopper Exploration has informed that the operator Navitas Petroleum is studying an accelerated expansion of the Sea Lion offshore oil development north of the Falkland Islands after signing a memorandum of understanding for a second floating production, storage and offloading vessel (FPSO). The additional FPSO could raise Sea Lion production capacity by... Continue Reading →
May 20 (offshore-energy.biz) French provider of tubular solutions Vallourec has secured two additional line pipe orders from ExxonMobil Guyana Limited (EMGL) for delivery to the Stabroek Block, under the long-term agreement the companies signed in 2021. The combined scope includes the supply of over 145 kilometers of coated line pipe for EMGL’s deepwater Hammerhead and Longtail... Continue Reading →
May 20 (oilnow.gy) Trinidad and Tobago will negotiate the commercial terms for cross-border natural gas projects with Venezuela in what officials say must serve the country’s national interest, as policymakers seek to ease tightening domestic gas supply, according to a May 18 Energy Chamber of Trinidad and Tobago report. Finance Minister Davendranath Tancoo told Parliament recently... Continue Reading →
May 20 (OE) BW Energy has made final investment decisions (FID) for the Bourdon development in the Dussafu license offshore Gabon and a new infill drilling campaign in the Golfinho license offshore Brazil, targeting combined 2P reserves of 68 million barrels of oil equivalent. The company said the two projects are expected to increase net... Continue Reading →
Brazil Energy Insight 