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(Reuters) Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore Block 52 in Suriname, state company Staatsolie said in a release on Saturday. Petronas hired Noble Corp to drill the wells through the Noble Developer drilling platform, which arrived in... Continue Reading →
McDermott has been awarded a sizeable offshore transportation and installation contract by Brava Energia for the Papa-Terra field in the Campos Basin and the Atlanta field in Block BS-4 within the Santos Basin, both offshore Brazil. Under the contract scope, McDermott will execute the transportation and installation of flexible pipelines, umbilicals and associated subsea equipment... Continue Reading →
July 3, 2025 - 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 June. Key: (1) In the Frade field, the gas compression system was fully repaired, and production was normalized. (2) In the Polvo and Tubarão Martelo cluster,... Continue Reading →
(Reuters) - An Exxon Mobil-led oil consortium has returned 2,534 square kilometers of the Stabroek Block in Guyana back to the government, the Ministry of Natural Resources said in a statement on Wednesday. The relinquishment is part of a contractual requirement for Exxon to enter the final phase of exploration of the Stabroek Block, which contains... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of June 2025. Brava renewed its historical quarterly production record in 2Q25, reaching a daily average of 85.9 thousand boe, an increase of 21% when compared to 1Q25. This result... Continue Reading →
(offshore-energy.biz) Australia-based petroleum exploration company Pancontinental Energy has revealed the results of two studies exploring hydrocarbon properties of a petroleum exploration license (PEL) it operates in the Orange Basin, offshore Namibia. The Australian player said the new evidence provides increased confidence for the presence of a high net-to-gross reservoir system and the presence of hydrocarbons... Continue Reading →
(PN) Two new contracts were signed with Subsea7 for the supply of Rigid Jumpers for the projects in the Mero 4 and Búzios 8 fields, located in the heart of the Santos Basin pre-salt layer, at a depth of 2,200 meters. The contracts provide for the delivery of 28 Rigid Jumpers, 13 for the Mero... Continue Reading →
ANP released the Monthly Bulletin of Oil and Natural Gas Production for May 2025, which contains consolidated data on national production. The month of May registered a record in national oil and gas production, considering pre-salt, post-salt and onshore. With regard to oil, 3.679 million barrels per day (bbl/d) were extracted, an increase of 1.3%... Continue Reading →
(Reuters) - A U.S. judge on Monday ordered Argentina to give up its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion court judgment, handing a defeat to the cash-strapped country. U.S. District Judge Loretta Preska in Manhattan said Argentina must transfer its YPF shares within 14 days to BNY Mellon,... Continue Reading →
(Reuters) - Guyana is looking for a company willing to build a natural gas liquids (NGL) facility as part of efforts to monetize its offshore gas reserves, according to a notice published by the South American government on Sunday. The storage and offloading facility would receive about 4,200 barrels per day (bpd) of liquids from... Continue Reading →
Brazil Energy Insight 