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(PN) The Brazilian Institute of the Environment (Ibama) granted the preliminary license for oil and gas production activities at the Raia Project, operated by Equinor in the pre-salt layer of the Campos Basin. Also, the National Petroleum Agency (ANP) approved the construction of the 200 km gas pipeline that will connect the Raia FPSO to... Continue Reading →
TotalEnergies has signed an agreement to acquire the 25% interest held by Moeve, formerly known as CEPSA, in Block 53, offshore Suriname, joining APA and Petronas as partner in the license. Block 53 lies directly east of Block 58, where TotalEnergies and its partners made the final investment decision (FID) for the GranMorgu development in October 2024.... Continue Reading →
(Reuters) - Shell denied that it was in talks to buy BP after the Wall Street Journal reported on Wednesday that the oil major was in early discussions over a takeover of its British rival. "No talks are taking place. As we have said many times before, we are sharply focused on capturing the value in... Continue Reading →
(OE) Miros, in partnership with Belga Marine, has enhanced its Oil Spill Detection (OSD) monitoring system system to include cloud-based monitoring capabilities that are now fully operational across several production assets offshore Brazil. The updated OSD monitoring system has been deployed across multiple production assets of a major Brazilian energy company. By integrating Miros’ technology... Continue Reading →
(PN) Petrobras began drilling well 3-BRSA-1400-SPS, in a water depth of 1,835 meters, using the West Auriga drillship. This is the sixth well drilled by the state-owned company in the block. The previous well, named 3-BRSA-1399-SPS, was drilled at the end of May, in a water depth of 1,866 meters. Aram was acquired in March... Continue Reading →
(Reuters) Brazilian oil company Prio expects to double its daily output next year when compared with 2024 levels, driven by the development of some key offshore fields, CEO Roberto Monteiro said on Monday. Prio forecasts production to exceed 200,000 barrels per day (bpd) next year, Monteiro told an event marking the company's 10th anniversary, up... Continue Reading →
(offshore-energy.biz) OneSubsea has delivered the 21st and final subsea tree for Petrobras’ Búzios project in Brazil, said to be the largest deepwater oil and gas field in the world, concluding a four-year journey for the project. OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, announced today, June 23, the completion of the... Continue Reading →
(OE) Australian oil and gas company Karoon Energy has secured interest in six blocks in the Santos Basin, offshore Brazil, in the ANP fifth Permanent Offer Bid Round for Concession Contracts. Two of the blocks, S-M-974 and S-M-1038, are located approximately 17 kilometers from the Neon field, and contain the Piracucá discovery. In addition, Karoon... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that it has acquired ten blocks in the Foz do Amazonas Basin and three blocks in the Pelotas Basin in the 5th Permanent Concession Offer Cycle of the National Agency of Petroleum, Natural Gas and Biofuels (ANP). In the Foz do Amazonas Basin, Petrobras acquired blocks FZA-M-1040, FZA-M-1042, FZA-M-188,... Continue Reading →
(OE) Portugal's Galp has been awarded three offshore blocks as part of Brazil’s fifth Open Permanent Concession bid round. Galp acquired offshore early-stage exploration blocks P-M-1670/1672/1741 in the Pelotas basin, in the southern region of the country. The awarded consortium is composed by Petrobras, as operator with 70%, and Galp with a 30% interest. The... Continue Reading →
Brazil Energy Insight 