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April 6 (OE) Offshore drilling contractor Valaris has secured a multi-year contract extension with Petrobras offshore Brazil and entered into a strategic collaboration agreement with Petronas and Halliburton for offshore development in Suriname. The company said the drillship VALARIS DS-4 was awarded a 1,064-day contract extension with Petrobras, expected to begin in November 2027 in... Continue Reading →
April 6 (agenciabrasil) The next auction of pre-salt oil exploration blocks will offer 23 areas, the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the sector's regulatory body, announced this Monday (6). The confirmation was made through an update to the Permanent Production Sharing Offer (OPP) notice. Eight blocks were already included in the... Continue Reading →
April 6 (oilprice.com) Oil price shocks since the U.S. and Israel first struck Iran, the world’s fifth-largest oil producer, have global markets on edge. The sudden energy crisis, which emerged after Iran closed the Strait of Hormuz, preventing the passage of around a fifth of the world’s oil supply, emphasizes the importance of petroleum production in... Continue Reading →
April 6, 2026 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), in compliance with best corporate governance practices, hereby informs its shareholders and the market in general that it has opened the third producing well at the Wahoo Field, whose production has stabilized at 10,000 barrels of oil per day. As previously disclosed, the Company reduced... Continue Reading →
April 2 - Transocean announced new contracts and extensions adding approximately US$1 billion to its project portfolio, with notable agreements signed with Petrobras. The Deepwater Orion drillship had its contract extended by 1,095 days with the Brazilian oil company. This extension should add approximately US$420 million to Transocean's portfolio and will keep the unit contracted... Continue Reading →
April 2 (Reuters) - Rising petrochemical prices have buoyed the long-term prospects for Brazil's Braskem, even as the company is racing against the clock to deal with looming interest payments on its debt. The petrochemical producer, with operations in Brazil, the U.S., and Mexico, is considering whether to seek an injunction to avoid a painful... Continue Reading →
April 2 (TN) Vast Infraestrutura carried out the first ExxonMobil oil transshipment operation in Brazil, moving one million barrels from the Bacalhau Field to Vast's Oil Terminal (T-Oil), in the Porto do Açu, in the north of the state of Rio de Janeiro, destined for the international market. The operation involved two Suezmax class tankers... Continue Reading →
April 2 (ANP) Brazil broke its record for oil and natural gas production in February, with 5.304 million barrels of oil equivalent per day (boe/d). The previous record was set in October 2025, with 5.255 million boe/d. There were also records in separate oil and gas production. The data was released today (April 1st) by... Continue Reading →
April 1 (Reuters) - Shell is in advanced talks with Venezuela's government to develop four large areas near Trinidad and Tobago, in two of the South American country's largest offshore natural gas fields, two people familiar with the discussions said. The London-based energy major has been trying for years to advance the 4.2-trillion-cubic-feet Dragon gas field... Continue Reading →
April 1, 2026 - 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 March. Key: (1) In the Valente cluster, the first producing well in the Wahoo field began production on March 18th and the second on March 25th. ... Continue Reading →
