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Aug.18 (agenciapetrobras.com) The Buzios field, operated by Petrobras, broke its record and surpassed daily production of 900,000 barrels of oil this weekend. Located in the pre-salt layer of the Santos Basin, approximately 180 kilometers off the coast of Rio de Janeiro, Búzios was discovered by Petrobras in 2010 and began operations in 2018. With this... Continue Reading →
Aug 15 (Reuters) - A U.S. appeals court on Friday granted Argentina's request to put on temporary hold a judge's order that it turn over its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion judgment won by two investors. In a brief order, the 2nd U.S. Circuit Court of Appeals... Continue Reading →
Aug.18 (Reuters) Petrobras is considering an investment in sugar and ethanol producer Raizen as a way to re-enter the ethanol market, local newspaper O Globo reported on Saturday, citing sources. Petrobras had previously said it was eying a return to the ethanol sector after having announced in its 2017-2021 strategic plan it would no longer... Continue Reading →
Aug. 18, 2025 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), informs its shareholders and the market in general that on Friday, August 15, 2025, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) decided to stop production on the Peregrino FPSO, operated by Equinor do Brasil Ltda. (“Equinor”), as communicated to the consortium partners... Continue Reading →
Aug 18 (Reuters) - Brazilian power company Eletrobras has partnered with C3 AI to apply artificial intelligence to help operate the electric power transmission network in Latin America's largest economy, the two companies told Reuters on Monday. Eletrobras, Brazil's largest operator in the segment, will implement the C3 AI Grid Intelligence tool, which focuses on monitoring... Continue Reading →
Aug. 15 (PN) FPSO Almirante Tamandare (Búzios 7 Project) reached yesterday (14) the highest production flow rate per unit in Petrobras' history, three months ahead of schedule, November of this year: 225,000 barrels per day. The FPSO began operations in February in the Buzios field, in the Santos Basin pre-salt layer. The record confirms expectations... Continue Reading →
(Reuters) - A South African court has rescinded an environmental authorization granted to TotalEnergies and its joint venture partner Shell to explore for oil in a block off the Cape coast, a court judgment seen by Reuters showed. However, the court said TotalEnergies should be given a chance to rectify deficiencies identified, including a failure to properly... Continue Reading →
Aug.14 (OE) Golar LNG Limited cemented its position as one of the most active players in the floating LNG (FLNG) market, announcing Q2 2025 results alongside major long-term contracts that add $13.7 billion to its Adjusted EBITDA backlog. The new deals—both with Argentina’s Southern Energy S.A. (SESA)—cover redeployment of the FLNG Hilli and the company’s... Continue Reading →
AUG.13 (Offshore Technology) Colombia's state oil company Ecopetrol, has reported a 46% decrease in net profit for the second quarter (Q2) due to declining global oil prices and slight production decreases. The company's net profit fell to approximately $450m (1.81trn pesos), down from the previous year's equivalent of $840m, with total sales also decreasing by... Continue Reading →
Aug 12 (Reuters) - Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the U.S. energy major finds reserves in a large deepwater area it was awarded on Tuesday to explore for oil and gas in the Caribbean country, Energy Minister Roodal Moonilal said. Moonilal was speaking at an event... Continue Reading →
Brazil Energy Insight 