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Oct 14 (Reuters) - Brazil's environmental agency Ibama has requested additional information from state-run oil firm Petrobras as part of the licensing process for drilling in the Foz do Amazonas Basin, according to documents seen by Reuters on Tuesday. The agency also proposed a meeting on Thursday after a new technical report flagged "pending issues and... Continue Reading →
Oct. 14 (moneytimes) PetroReconcavo announced to the market the completion of a farm-out with Mandacaru Energia on October 10th. A farm-out is a type of agreement in which one party transfers part of its stake in a concession to another, which assumes responsibility for exploration and/or development activities within that concession. The transaction involves the... Continue Reading →
Oct. 14 (Reuters) Oil production by a consortium led by Exxon Mobil in Guyana rose to 770,000 barrels per day (bpd) following the start-up of the group's fourth floating output facility, the company's chief for the South American country said on Monday. Average production by The Exxon group, which controls all crude and gas production... Continue Reading →
Oct. 13 - M&O is proud to announce our new partnership with Score Group, a global leader in advanced valve engineering and management solutions, as it enters Brazil’s offshore industry. Score brings world-class valve expertise and extensive inventory to ensure operators have the reliability, performance, and support they need. For over 40 years, Score has... Continue Reading →
Oct. 13 - BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, and following the Material Fact of October 9, 2025, informs its investors and the market in general that the audit carried out by the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) in the Potiguar Basin was... Continue Reading →
Oct. 13 (OE) Oil and gas company Sintana Energy has agreed to acquire Challenger Energy, which holds interest in two blocks offshore Uruguay as well as other assets in broader region. The all-share transaction, valued at about $60 million, will create a combined exploration platform spanning eight licenses in Namibia and Uruguay, as well as... Continue Reading →
Oct. 10 (Reuters) Equinor has scrapped plans to cut greenhouse gas emissions by connecting several offshore platforms to Norway's onshore power grid, the company told the government on Friday, citing soaring costs. The oil and gas sector is Norway's largest source of climate emissions, accounting for about a quarter of the total. Around 80% of industry emissions... Continue Reading →
Oct.10 (offshore-energy.biz) Chevron Suriname Exploration, a subsidiary of U.S.-based energy giant Chevron, is preparing to embark on drilling activities off the coast of Suriname with a rig owned by Noble Corporation, an American offshore drilling giant. Chevron is set to drill the Korikori-1 exploration well this month, after receiving a permit for the drilling operations at the... Continue Reading →
Oct. 8 - Brazil's government has set a minimum total payment of 10.2 billion reais for an upcoming auction offering stakes in three pre-salt oil fields already in production but not yet contracted, state-run firm Pre-Sal Petroleo (PPSA) said. The auction, scheduled for December 4 at the Sao Paulo-based B3 stock exchange, will offer stakes... Continue Reading →
Oct 7 (Reuters) - Drilling and fracking activity in Argentina's Vaca Muerta, the world's fourth-largest unconventional oil reserve, is plateauing due to lower oil prices and rising costs, a slowdown that could complicate the political agenda of libertarian President Javier Milei. The huge Vaca Muerta formation in western Argentina accounts for 64% of the country's... Continue Reading →
Brazil Energy Insight 