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ANP reports new record for the pre-salt layer, for the month of September with a production of 4.143 million barrels of oil equivalent per day. The volume represents an increase of 2.7% compared to the previous month and 12.5% compared to September 2024. Pre-salt production, which occurred through 169 wells, accounted for 81.1% of the... Continue Reading →
Oct. 31 - The Búzios field, operated by Petrobras in the Santos Basin, reached on Wednesday (10/29) a record daily average production of 1 million barrels per day, surpassing the previous mark of 900 thousand reached in August. The largest field in the country in reserves, Búzios is the second Petrobras field to exceed the production mark of 1 million barrels per day. The... Continue Reading →
Nov. 3 (oilprice.com) U.S.-Venezuela tensions are again rippling through energy and security markets, prompting President Donald Trump to rule out immediate military strikes while maintaining a buildup of American naval assets in the Caribbean. His comments followed reports of U.S. patrols and maritime interdictions targeting narcotics routes linked to Caracas, a campaign that has drawn... Continue Reading →
Oct 31 (Reuters) - Chevron beat analyst estimates on Friday as record oil and gas production, boosted by its $55 billion acquisition of Hess, and stronger refining margins lifted the No. 2 U.S. oil producer's results for the third quarter. Adjusted earnings for the three-month period ended September 30 were $3.6 billion or $1.85 per share,... Continue Reading →
Oct. 30 (OE) BP is advancing appraisal planning for its Bumerangue offshore discovery in Brazil after laboratory analysis confirmed a large hydrocarbon column in the pre-salt Santos Basin, and CO2 levels in the reservoir that the company believes can be managed. BP said tests following its August discovery indicate a roughly 1,000-metre gross hydrocarbon column,... Continue Reading →
Oct. 29 (oilprice.com) Equinor booked lower-than-expected earnings for the third quarter as liquids prices dropped from a year earlier. The Norwegian energy major on Wednesday reported an adjusted operating income of $6.21 billion for the third quarter of 2025, lower than the company-provided consensus of 21 analysts who had expected $6.31 billion, and below the $6.89 billion booked in... Continue Reading →
Oct. 29 - The ANP (National Agency of Petroleum, Natural Gas and Biofuels) informs that eight exploratory blocks are available in the Permanent Production Sharing Offer (OPP) tender. Therefore, any of the fifteen companies currently registered in the OPP may open a new bidding cycle by submitting a declaration of interest in one or more... Continue Reading →
Oct. 29 (Reuters) Grupo Carso is reviewing the feasibility of the Lakach deepwater natural gas project in collaboration with state energy company Pemex and conducting new analyses to determine how to proceed, a company official said Tuesday. The company signed an agreement last year to partner with Pemex to develop the project in the Gulf... Continue Reading →
Oct. 28 - Oil company PRIO has signed an agreement with Shape Digital, a developer of Artificial Intelligence (AI)-driven digital solutions, for the deployment of Shape Lighthouse, an Intelligent Asset Management platform designed to enhance operational reliability, reduce maintenance costs, and maximize production. The technology will be implemented across PRIO’s three Floating Production Storage and... Continue Reading →
Maersk Supply Service, with the support of Maritime Developments (MDL), has completed a complex dynamic riser assembly installation at Brazil’s Mero field in the pre-salt Santos Basin, connecting the deepwater site to a Permanent Reservoir Monitoring (PRM) sensor grid. The project featured MDL’s largest equipment spread to date, mobilized from Peterhead, Scotland, on board the... Continue Reading →
Brazil Energy Insight 