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April 1 (Reuters) - Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said. The London-based energy major has been trying for years to advance the 4.2-trillion-cubic-feet Dragon gas field... Continue Reading →
April 1, 2026 - 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 March. Key: (1) In the Valente cluster, the first producing well in the Wahoo field began production on March 18th and the second on March 25th. ... Continue Reading →
April 2, 2026 – Petróleo Brasileiro S.A. – Petrobras following up on the announcement of December 1, 2025, informs that the financial settlements related to the first redetermination of the Tupi Shared Reservoir, located in the Santos Basin, have been completed. This follows the approval of the Fourth Addendum to the Production Individualization Agreement (AIP)... Continue Reading →
April 1 (PN) Brazilian demand for platform supply vessels (PSVs) peaked at 140 vessel-years in 2025, driven by new offshore developments and high daily rates. This data comes from a survey by Rystad Energy, authored by Supply Chain specialists Victor Claro and Einar Michel. According to the consultancy, this scenario led shipowners to mobilize foreign-flagged... Continue Reading →
March 31 (oilnow.gy) The GranMorgu offshore project has entered full subsea build-out mode, with multiple subsea Christmas Trees (XTs) completed, according to a March 30 update by TotalEnergies Suriname General Manager Artur Nunes da Silva. The project recorded its first XT completion in December 2025. Since then, progress has accelerated. Nunes da Silva said, “We... Continue Reading →
March 31 (CNN) The president of Shell Brazil, Cristiano Costa, reported that the company surpassed the production of 500,000 barrels of oil equivalent per day (boed) on March 24th, producing 502,200 barrels of oil equivalent per day (boed). The executive highlighted the production of assets such as Parque das Conchas (BC-10), in the Campos Basin,... Continue Reading →
March 29 (ANCAP) On March 25, new companies formally joined Areas OFF-2 and OFF-7, operated by Shell, within the framework of the existing hydrocarbon exploration and production contracts. QatarEnergy entered Areas OFF-2 and OFF-7, while Chevron also joined Area OFF-7, as non-operating partners in all cases. As a result, in Area OFF-2, Shell now holds... Continue Reading →
March 30 - Brava Energia announced today that it has kicked off a campaign to drill four new wells, two in the Papa-Terra field, in the Campos Basin, and two in the Atlanta field, in the Santos Basin. The activities will be carried out with the Lone Star semi-submersible drilling rig, operated by Constellation, with... Continue Reading →
March 30 (OE) Yinson Production has started operating a pilot carbon capture and storage (CCS) unit on the Agogo floating production, storage and offloading (FPSO) vessel offshore Angola, which is deemed the world’s first post-combustion CO2 capture plant installed on an offshore facility. The system has been developed in collaboration with Azule Energy and Norway-based... Continue Reading →
March 30 (oilnow.gy) ExxonMobil Guyana is advancing plans for its next development offshore Guyana, with the Haimara discovery expected to serve as the anchor for the project in the southeast section of the Stabroek Block. Company President Alistair Routledge said at a recent press briefing that the development concept for that area groups discoveries from Longtail through... Continue Reading →
Brazil Energy Insight 