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Feb. 10 - Petrobras' total oil and natural gas production exceeded the upper limit of its target by 2.8 percentage points (+4%), reaching 2.99 million barrels of oil equivalent per day (boed), representing an 11% increase compared to 2024 production. In 2025, Petrobras achieved its best result in the last ten years by adding 1.7... Continue Reading →
Feb 5 (Reuters) - Argentina could surpass last year's record energy trade surplus in 2026, supported by infrastructure that has improved the country's capacity to ship oil and gas from the Vaca Muerta shale formation, analysts said. The 2026 energy trade surplus could range from $8.5 billion to $10 billion, and would depend mainly on... Continue Reading →
Feb. 4 (PN) The Valaris DS-17 drillship has arrived in Rio de Janeiro to begin executing a new contract with Equinor in Brazil. The unit was contracted in 2024 for the exploration program of the Raia field in the Campos Basin. A total of six wells will be drilled. The agreement was signed after the... Continue Reading →
Feb. 2 (oilnow.gy) Guyana has allocated GY$10.7 billion in its 2026 budget to advance three clean energy initiatives: the Gas-to-Energy project, further gas-based power development, and the resuscitation of the Amaila Falls Hydropower Project. The allocation was outlined by Minister of Finance, Dr. Ashni Singh, during the presentation of Budget 2026 this week. Dr. Singh said the... Continue Reading →
Jan. 30 (brasilenergia.com.br) Petrobras launches tender for the supply of up to 518.3 km of flexible pipelines of the riser and flowline types. The bid also includes reel rental and area sharing agreement for reel and material storage, as well as supervision, assembly, engineering and logistics services. The tender is divided into two lots: the... Continue Reading →
Jan. 23 (OE) Global ocean services provider DeepOcean has completed trenching and survey operations on inter-array cables for a U.S. offshore wind project. DeepOcean’s scope of work encompassed trenching and surveying of the inter-array cables that connect turbines to the offshore substations. These critical operations ensure the long-term protection and stability of the subsea cable... Continue Reading →
By Rystad Energy Jan. 19 (oilprice.com) The country faces the challenge of reinforcing its pipeline network to absorb growing pre-salt gas while managing declining imports from Bolivia. Although higher volumes of Argentine gas are expected to reach Brazil via Bolivia over the medium to long term, network upgrades will be required to ensure security of supply... Continue Reading →
Jan. 16 - Vessels Contracted by Saipem Are Already En Route to the Campos Basin to Begin Construction of Gas Pipeline Spliethoff, a company based in Amsterdam, has been contracted by the Italian company Saipem to provide engineering, drilling, and construction services for the Raia project gas pipeline in the Campos Basin. The Dutch company... Continue Reading →
Jan. 11 (OE) French tubular solutions supplier Vallourec has secured a significant contract with Shell for oil and gas project offshore Brazil. The agreement covers the supply of oil country tubular goods (OCTG) products and services for Shell’s offshore operations in the development of the Orca project, formerly known as Gato do Mato. The expected... Continue Reading →
Jan. 2 (oilprice.com) Argentina, in a surprise development, overtook Colombia to become South America’s fourth-largest oil producer. The country is undergoing a once-in-a-generation unconventional hydrocarbon boom, which began with Buenos Aires nationalizing integrated energy major YPF in 2012. Since then, Argentina’s oil and natural gas output has kept soaring higher, regularly hitting new monthly highs as volumes... Continue Reading →
Brazil Energy Insight 