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Nov. 5 (Reuters) Two consortia led separately by Malaysia's Petronas and U.S. Chevron have signed production-sharing contracts with Suriname's Staatsolie to explore and develop two offshore areas in the South American country, the state company said on Wednesday. Under the 30-year contracts, Staatsolie will conduct a competitive process to select foreign companies to explore and produce oil and... Continue Reading →
Nov. 4 (offshore-energy.biz) CGX, a Canadian-based oil and gas exploration company focused on oil exploration in the Guyana-Suriname Basin, has entered into a loan agreement with a subsidiary of Frontera Energy Corporation, its joint venture partner in a petroleum prospecting license for a block offshore Guyana. Thanks to a senior secured loan facility secured with... Continue Reading →
Nov. 4 (offshore-energy.biz) Foreseeing no financing woes to hinder its progress, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, is eyeing refinancing opportunities for two floating production, storage, and offloading (FPSO) units with new project bonds on the cards next year. With a lease-and-operate model as the crown jewel of its... Continue Reading →
November 4 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) announces its earnings for the third quarter of 2025. HIGHLIGHTS OF THE PERIOD Click here for the Earnings Release.
Nov. 4 - 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 October. Key: (1) In the Frade field, there was a temporary production shutdown on October 26, due to an unintentional activation of the fire and gas detection... Continue Reading →
Nov. 2 (oilnow.gy) Exxon’s proposed Longtail project will mark Guyana’s entry into gas development, setting the stage for the country’s first non-associated gas production. The project, which targets a final investment decision in 2026, is expected to operate for three decades and feature the largest gas-handling facility ever built in the Stabroek Block. Key facts about Longtail: Focus: Longtail... Continue Reading →
Nov 4 (Reuters) - Oil major BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong performance at all divisions led by refining helped to offset the impact of lower crude prices. However, there was no update on the closely-watched sale process for its Castrol lubricants unit, the centre-piece of... Continue Reading →
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 →
Brazil Energy Insight 