Dec. 9 - Prio is studying the interconnection of the FPSOs of the Peregrino and Tubarão Martelo fields, leveraging the proximity and successful experience of previous interconnections in the Polvo/Tubarão Martelo cluster (Project Phoenix), to optimize costs, increase efficiency and maximize oil recovery, a strategic move following the acquisition of Peregrino from Equinor. Strategy Details:Opportunity:... Continue Reading →
Ghanaian firm to ink deal for oil and gas search offshore Guyana
Dec. 9 (oilnow.gy) Ghana-based Cybele Energy Limited is set to sign a petroleum agreement on Tuesday, December 9, to explore for oil and gas offshore Guyana. This will be the second block awarded from the country’s first competitive offshore auction. The ceremony will take place at the Pegasus Suites and Corporate Center in Georgetown, where... Continue Reading →
YPF CEO sees green light for Argentina LNG project with Eni, XRG in mid-2026
Dec 4 (Reuters) - The chief executive of Argentina's state-controlled energy company YPF expects a final investment decision on a $20 billion, 12 million metric ton per year liquefied natural gas project around the middle of next year, he told Reuters on Thursday. Horacio Marin added that he expected YPF and its partners in the project,... Continue Reading →
Brava Energia Production Data November 2025
Dec. 4 - 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 November 2025. The company recorded an average production of 70,3 thousand boe/d during the period. The month's result was impacted by scheduled maintenance at Papa-Terra and... Continue Reading →
PRIO Operational Data for November 2025
December 2, 2025 - 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 November. Key: (1) Production at the Albacora Leste field was impacted by a failure in the gas compression system, which lacks adequate redundancy, that is expected... Continue Reading →
Shell’s output hole is a reason to gulp down Galp
Dec 4 (Reuters Breakingviews) - Shell’s status as Big Oil’s safest pair of hands has its limits. The $212 billion UK major's dividend is relatively more secure against oil price slumps than peers, its net debt is a low 21% of total capital, and operating costs are over 10% less than two years ago. Yet Shell... Continue Reading →
PPSA Announces Postponement of Union Oil Auction from Bacalhau Field
PPSA (Pré-Sal Petróleo) has postponed the spot auction of Union oil from the Bacalhau Field to early 2026, previously scheduled for the 10th. The auction will be divided into two phases: the first will take place on January 14th at 11:00 AM, with an offer of 1 million barrels; the second is scheduled for March... Continue Reading →
Brazilian Oil and Gas Production Hits New Record in October
Dec. 2- Brazilian oil and gas production — including pre-salt, post-salt, and onshore — hit a new record in October, reaching 5.255 million barrels of oil equivalent per day. In total, 4.030 million barrels of oil per day were produced, a 2.9% increase compared to September and a 23.2% increase compared to October 2024. Natural... Continue Reading →
Brava Energia ADR Program Implementation
Dec. 1 - BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, and, following the Material Fact disclosed on September 18, 2025, hereby informs its investors and the market in general that, on December 1, 2025, the Company’s Level I American Depositary Receipts program (“ADR” and “ADR Program,” respectively) was... Continue Reading →
Petrobras announces approval of redetermination of the Tupi Shared Reservoir
December 1, 2025 – Petróleo Brasileiro S.A. – Petrobras announces that it has been notified by Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) regarding the approval of the addendum to the Production Individualization Agreement (AIP) of the Tupi Shared Reservoir, located in the Santos Basin, which becomes effective as of today. The... Continue Reading →