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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 →
The Errea Wittu floating production, storage and offloading (FPSO) vessel is currently in West African water on its voyage to Guyana’s Stabroek Block, vessel tracking data shows. Marine Traffic placed the FPSO in the region after it departed Singapore in June. Separate automatic identification system data published by VesselFinder provides an estimated arrival date of August... Continue Reading →
Aug. 3 - In June 2026, Brazil produced 5.842 million barrels of oil equivalent per day (boe/d) of oil and natural gas. The data was released today (August 3) by the ANP in the Monthly Oil and Natural Gas Production Bulletin. Regarding oil, 4.475 million barrels per day (bbl/d) were extracted, an increase of 4%... Continue Reading →
July 31 (Reuters) - An ExxonMobil-led joint venture has recovered the billions of dollars it invested to develop a large oilfield in Guyana, its chief financial officer told Reuters, and the South American country will now receive more oil money. Guyana's Stabroek Block, estimated to hold at least 11 billion barrels of oil equivalent, has become... Continue Reading →
July 31 (Reuters) Chevron surpassed analyst estimates for second-quarter earnings on Friday, reporting its highest quarterly profit in at least six years as the U.S.-Israeli war with Iran disrupts world energy markets, boosting profits for the biggest oil companies. Adjusted earnings of $12 billion, or $6.06 per share, beat the average analyst estimate of $5.56... Continue Reading →
July 31 (Reuters) - ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, even as high oil prices and improved refining margins brought by the Iran war led to its biggest quarterly profit in four years. Adjusted earnings for the largest U.S. oil major by market capitalization rose 67% from the first quarter to $14.7 billion, or... Continue Reading →
July 30 (Reuters) Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle East conflict. Higher oil and gas prices, stronger liquefied natural gas (LNG) and oil trading and improved chemicals margins helped support the... Continue Reading →
