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(Reuters) - Brazil's government is preparing an extra auction this year of stakes in offshore oil areas to boost revenue, a plan gaining steam amid falling oil prices and rising global trade uncertainty, said four people familiar with the matter. Two of the sources, who spoke on condition of anonymity, said the auction will involve... Continue Reading →
SBM Offshore has signed a non-recourse sale and leaseback financing agreement for Cidade de Paraty floating, production storage and offloading (FPSO) unit, for the total amount of $400 million and with a tenor of eight years. The transaction is expected to be completed before the end of April 2025, following the fulfillment of certain closing... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of March 2025. (1) Papa-Terra: On April 16, 2024, 3R Offshore exercised, in accordance with the provisions of the Joint Operating Agreement (JOA), the right of compulsory assignment (forfeiture) of... Continue Reading →
(PN)The hull of the platform ship (FPSO) P-80 left the Chinese shipyard CIMC Raffles Offshore and headed to a new stage of the project. The vessel is on its way to the Seatrium shipyard in Singapore, where it will undergo the module integration phase. The platform is expected to enter into operation in the Búzios... Continue Reading →
Karoon announced the resumption of operations at the Baúna field in the Santos Basin, after a shutdown that began in early March. In addition, the company also said that it successfully completed the intervention and resumption of production at the SPS-88 well. Thus, production at the field reached 26,500 barrels per day, a level higher... Continue Reading →
(Reuters) - Mexico lowered its estimate for average crude oil production for this year by 129,000 barrels per day (bpd), citing a "prudent approach" that takes into account the trajectory of the first months of the year. This would bring the country below the ambitious 1.8 million bpd target set by President Claudia Sheinbaum. In... Continue Reading →
(eixos) Petrobras is expected to present the development plan for the ultra-deep water project to produce oil and gas in Sergipe, the Sergipe Deep Waters (Seap), by the end of April, said the state-owned company's executive manager for Gas and Energy, Álvaro Tupiassu, during a meeting of the Oil and Gas Technical Chamber (CTGás) of... Continue Reading →
(Reuters) - Discoveries made by Brazilian state-run oil firm Petrobras discoveries this year in the Campos and Santos basins and in the Buzios field are "significant," exploration and production head Sylvia dos Anjos said on Wednesday. Petrobras announced hydrocarbon discoveries in February and March at the Aram block, located in the Santos basin, and at... Continue Reading →
(PN) National oil production in February totaled 3.488 million barrels per day (bbl/d), an increase of 1.1% compared to the previous month and 1.2% compared to the same month in 2024. The data was released by the National Petroleum Agency (ANP). Natural gas production registered 158.76 million cubic meters per day (m³/d). The value represents... Continue Reading →
(offshore-energy.biz) Australia’s oil and gas company Karoon Energy is moving forward with the acquisition of a floating production, storage, and offloading (FPSO) vessel, which is deployed on its project off the coast of Brazil. Once the firm takes over the ownership of the unit from the FPSO’s current owner and operator, Altera & Ocyan (A&O),... Continue Reading →
Brazil Energy Insight 