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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) - Mexican state energy company Pemex reported on Friday that its second-quarter net profit fell 69.7% year-on-year to 18.02 billion pesos ($1.03 billion), according to a filing with the Mexican stock exchange, as it struggled to boost oil production. Revenue during the April-to-June period totaled 510.44 billion pesos, while earnings before interest,... 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 $14.7 billion, or... Continue Reading →
July 30 (investnews.com.br) A recent decision by CARF (Administrative Council of Tax Appeals) overturned a tax claim of approximately R$ 400 million against Petrobras and set a precedent for other oil companies operating offshore platforms—including those in Brazil's pre-salt fields, where production takes place entirely at sea. The ruling was announced earlier this week. The... Continue Reading →
July 30 (oilprice.com) In a surprise development, the tiny South American nation of Guyana recently emerged as a major oil exporter. In a mere four years, the former British colony of one million went from first discovery to first oil. Guyana has cemented its place among South America’s leading oil producers, pumping nearly one million barrels per... Continue Reading →
July 30 (Reuters) Italian energy group Eni on Wednesday lifted its share buyback programme by €600 million to €3.4 billion ($3.9 billion) after reporting better than expected second-quarter results. The company's adjusted net profit more than doubled in April-June compared with the same period last year to €2.3 billion, beating an analyst consensus of €2.09... 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 →
July 29 (oilnow.gy) Subsea installation activities have started for ExxonMobil Guyana’s Whiptail development in the Stabroek Block, ahead of the arrival and installation of the Jaguar floating production, storage and offloading (FPSO) vessel being constructed by SBM Offshore. ExxonMobil confirmed to OilNOW on July 28 that the ongoing offshore installation activities are related to the project’s subsea umbilicals,... Continue Reading →
Brazil Energy Insight 