Brought to you by Quest Offshore & Southern Cone Consultants
July 27 (Reuters) Portuguese energy company Galp Energia posted a 45% jump in second-quarter adjusted net profit on Monday, boosted by higher oil output in Brazil and stronger crude prices and refining margins brought on by Iran war supply disruptions. The company raised its earnings guidance for the year, and it said the board of... Continue Reading →
July 26 (oilprice.com) Argentina’s massive shale oil and gas boom is going from strength to strength. The economically crisis-prone South American country yet again reported record monthly oil and natural gas production for May 2026. This couldn’t come at a better time for Argentina and South America. Rising global geopolitical risks, notably due to war in the Middle... Continue Reading →
July 24 - BRAVA ENERGIA S.A. (“Brava” or the “Company”) (B3: BRAV3), pursuant to Article 157, paragraph 4, of Law No. 6,404 dated, December 15, 1976, as amended, and CVM Resolution No. 44, dated August 23, 2021, further to the Material Facts disclosed on April 23, 2026, May 25, 2026, June 15, 2026 and July 7,... Continue Reading →
July 24 (OE) KOIL Energy has secured its first contract in Brazil for subsea umbilical maintenance services, marking the company's entry into the world's largest deepwater offshore market. The contract covers the re-termination and testing of subsea umbilical components, including chemical injection and hydraulic control lines, as well as electrical cables. KOIL said it will... Continue Reading →
July 23 (Reuters) - Spanish energy group Repsol expects refining margins to stay high next year as geopolitical tensions around the Gulf region and Russia persist, it said on Thursday, after reporting that its second-quarter profit tripled on stronger margins and oil prices. Supply constraints linked to intermittent disruptions in the Strait of Hormuz and Ukrainian... Continue Reading →
July 22 (oilprice.com) Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran and Washington disrupting traffic in the Strait of Hormuz, through which a fifth of global hydrocarbon supplies are shipped. This has sparked greater demand for Brazil’s... Continue Reading →
July 22 (Reuters) - Equinor on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil and gas prices as the war in the Middle East disrupted global energy supplies. The Norwegian group's adjusted earnings before tax for the April to June period rose to $11.48 billion from $6.54 billion... Continue Reading →
July 21 (offshore-energy.biz) Canada-headquartered oil and natural gas exploration player Sintana Energy has shed light on the latest activities in Latin America, confirming the advancement of its offshore plans in Argentina and an extension for the Chevron-operated block off the coast of Uruguay. According to Sintana, the National Administration of Fuels, Alcohol and Portland Cement... Continue Reading →
July 21 (oinow.gy) Guyana is approaching oil production of one million barrels per day (b/d), less than seven years after the country produced its first commercial crude from the ExxonMobil-operated Stabroek Block. Production from four offshore projects averaged 903,000 b/d in April 2026, according to government data reviewed by OilNOW. The Uaru project, expected to begin... Continue Reading →
July 21 (Reuters) - Halliburton edged past Wall Street estimates for second-quarter profit on Tuesday as gains in its other international markets offset declines in the Middle East, but shares fell 4.3% in premarket trading on subdued demand in North America. The Middle East conflict has dominated energy markets this year as repeated flare-ups keep a crucial oil-producing... Continue Reading →
Brazil Energy Insight 