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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 →
Aug. 13 (oilprice.com) Over the past couple of years, Colombia’s clean energy transition has shifted into overdrive under President Gustavo Petro’s "Just Energy Transition" agenda, with the country pivoting away from fossil fuels towards wind and solar energy. Petro, Colombia’s first ever left-wing president, instituted a strict ban on signing new oil, gas and coal exploration contracts... Continue Reading →
Aug. 12 (oilnow.gy) Guyana’s expanding oil production is helping create more work for tanker owners as growing volumes of crude from the Americas are shipped to buyers farther east, according to S&P Global. The trend is part of a wider increase in Western Hemisphere crude supply from Guyana, the United States, Brazil and Argentina. More of those... Continue Reading →
Aug 10 (Reuters) - Argentina's state oil firm YPF on Monday reported a net profit of $1.21 billion in the second quarter of 2026, compared with $58 million seen a year earlier, citing higher shale production, record processing levels and a hike in international prices. The state-run producer's revenues reached $6.57 billion during the April-to-June... Continue Reading →
Aug.9 (oilnow.gy) Guyana is set to receive a larger share of the oil produced from the Stabroek Block after ExxonMobil and its co-venturers recovered about US$55 billion in investment and a substantial amount of operating costs. To understand why, it is important to understand how cost recovery works. ExxonMobil, Hess (owned by Chevron) and CNOOC... Continue Reading →
Aug 7 (Reuters) - azil's state-controlled oil company Petrobras will likely produce more oil than it had forecast for 2026, CEO Magda Chambriard said on Friday during an earnings call with analysts. She said the company's oil output in the second quarter was 200,000 barrels per day higher than its target. So far this year, Petrobras... Continue Reading →
Aug. 7 (oilprice.com) BP’s Bumerangue discovery is more than another giant Brazilian oil find: it could become the project that keeps both BP’s upstream portfolio and Brazil’s production boom alive well into the 2030s. With an estimated 2.5 billion barrels potentially recoverable and peak output that could reach 600,000 b/d, the ultra-deepwater development is large enough to... Continue Reading →
Aug 7 - BRAVA ENERGIA S.A. (“Brava” or the “Company”) (B3: BRAV3), in compliance with the provisions of CVM Resolution No. 44, hereby informs its shareholders and the market in general that it has entered into a new agreement for the purchase and sale of crude oil produced by PetroReconcavo S.A. (“PetroReconcavo”) in the Potiguar... Continue Reading →
August 4, 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 July. Key: (1) At the Frade field, the gas lift line replacement was completed on July 19, restoring production from the three wells that had been... Continue Reading →
Brazil Energy Insight 