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(PN) The National Petroleum Agency (ANP) is advancing preparations for the next auction of the Permanent Concession Offer, which will be held on June 17. The regulatory agency reported that 12 companies presented declarations of interest and offer guarantees for the 16 sectors that will be offered in the event. In addition, the agency also... Continue Reading →
(PN) Petrobras is expanding its exploration efforts in the promising Aram block, located in the pre-salt layer of the Santos Basin. In recent days, the company began drilling a new well in the area, named 3-BRSA-1399-SPS, in a water depth of 1,866 meters. The operation is being conducted by the Valaris DS-4 drillship. In addition... Continue Reading →
(Reuters) - Top U.S. oil producer Exxon Mobil and Hess will meet face-to-face on Monday in a court hearing to determine the fate of Chevron's $53 billion deal to buy Hess and with it a prized stake in Guyana's prolific oilfields. The planned acquisition, announced in October 2023, is one of the oil industry's biggest deals in years. It is key... Continue Reading →
(Reuters) - Brazilian businessman Nelson Tanure has made an offer to acquire a controlling stake in Braskem, a securities filing showed on Friday, confirming local media and Reuters reports that cited sources earlier in the day. The tycoon is looking to acquire conglomerate Novonor's (ODBES.UL) stake in Braskem for an undisclosed value, according to the... Continue Reading →
(Reuters) - Mexico's Pemex, the world's most indebted energy company, plans to restructure parts of its business in an attempt to save costs, a May document seen by Reuters showed. Earlier reports, citing another document from last month suggesting it could include a layoff of over 3,000 tenured employees and save up to around 10.5... Continue Reading →
– Petróleo Brasileiro S.A. – Petrobras informs that the FPSO Alexandre de Gusmão started production today in the Mero field (Libra block), in the pre-salt Santos Basin, more than two months ahead of schedule in its Business Plan. The platform, chartered by Petrobras from SBM Offshore, has the capacity to produce 180,000 barrels of oil... Continue Reading →
Reuters) - Voters in Suriname, which is on the cusp of a predicted oil boom, will go to the polls on Sunday to elect a new parliament, which will later choose the South American country's next president. The contest, marked by fraud allegations, has seen little debate about what the next government, which will hold... Continue Reading →
(offshore-energy.biz) Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shed light on its activity in the first quarter of 2025. Prosafe reported a revenue of $33 million in Q1 2025, which is similar to the $34 million in the same period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to... Continue Reading →
The Marechal Duque de Caxias platform vessel, installed in the Mero field, in the pre-salt layer of the Santos Basin, reached peak production yesterday, May 19, with 180 thousand barrels of oil per day (bpd). The ramp-up - the period between the first extraction and the moment when the unit reaches its maximum planned capacity... Continue Reading →
Petrobras has signed an engineering, acquisition, construction and subsea installation (EPCI) contract for the Buzios 11 Project with the company Subsea7, worth R$8.4 billion, as a result of a competitive contracting process. The agreement is expected to generate more than a thousand direct and indirect employees. The contract establishes a minimum requirement of 40% local... Continue Reading →
Brazil Energy Insight 