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Feb. 4 (oilprice.com) Equinor posted lower earnings in the fourth quarter of 2025 compared with a year earlier, reflecting weaker liquids prices and impairment charges, even as the Norwegian energy major delivered record annual production and outlined measures to reinforce cash flow and competitiveness. Adjusted operating income for the quarter reached $6.2 billion, down from the same... Continue Reading →
Feb. 4 - SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed the transaction related to the purchase of FPSO ONE GUYANA, ahead of the maximum lease term which would have expired in August 2027. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to... Continue Reading →
Feb. 4 - 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 January. Key: (1) At the Frade field, production was temporarily impacted by a failure in the power generation system on January 8, with operation normalized on the... Continue Reading →
Feb. 4 (OE) Offshore accommodation rig provider Floatel International has signed a contract with Brava Energia for its Floatel Victory unit, which will be deployed offshore Brazil. Floatel Victory will provide Maintenance and Safety Unit (MSU) services for Brava Energia. The MSU assignment has a duration of six months, with options to extend the contract.... Continue Reading →
Feb. 3 (TN) According to recent data released in the 2025 Production Consolidation Supplement of the ANP's Oil and Natural Gas Production Bulletin*, three FPSOs operated by MODEC are among the top 10 producers in Brazil. The FPSO Guanabara MV31 stood out as the leading oil and gas producer in 2025, maintaining the position it... Continue Reading →
Feb. 3 (TN) Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, has signed an agreement to sell a 20% stake in the Orca Project to Kuwait Foreign Petroleum Exploration Company (KUFPEC). Orca is a deepwater project in the pre-salt area of the Santos Basin. After the transaction is completed, Shell will remain... Continue Reading →
Feb. 2 (ANP) In 2025, the average Brazilian annual production of oil and natural gas reached a historic mark of 4.897 million barrels of oil equivalent per day (boe/d), approximately 12.7% higher than the previous record, achieved in 2023, which was 4.344 million barrels of oil equivalent/day. Compared to 2024, which totaled 4.322 million boe/d,... Continue Reading →
Feb. 2 (oilnow.gy) Guyana has allocated GY$10.7 billion in its 2026 budget to advance three clean energy initiatives: the Gas-to-Energy project, further gas-based power development, and the resuscitation of the Amaila Falls Hydropower Project. The allocation was outlined by Minister of Finance, Dr. Ashni Singh, during the presentation of Budget 2026 this week. Dr. Singh said the... Continue Reading →
Jan. 30 (brasilenergia.com.br) Petrobras launches tender for the supply of up to 518.3 km of flexible pipelines of the riser and flowline types. The bid also includes reel rental and area sharing agreement for reel and material storage, as well as supervision, assembly, engineering and logistics services. The tender is divided into two lots: the... Continue Reading →
Jan. 30 (OE) MODEC has signed a statement of strategic intent with Eld Energy and Delta Electronics to collaborate on the development of a solid oxide fuel cell power generation system for offshore and maritime applications, including floating production, storage and offloading (FPSO) units. The agreement, signed on January 29, 2026, sets out plans to... Continue Reading →
Brazil Energy Insight 