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Oct. 2 (TN) The ANP Board of Directors approved (Oct 2) the delimitation of 11 new exploratory sectors in the Brazilian Equatorial Margin—within an area incorporated into the Brazilian Continental Shelf—and the configuration of 501 new exploratory blocks within these sectors. The decision updates the region's territorial organization following the extension of the Brazilian Continental... Continue Reading →
Eco (Atlantic) Oil & Gas has received final ministerial approval to transfer a 60% participating interest in three exploration licenses offshore Namibia to BP, clearing the final governmental consent required for the transaction. The approval covers PEL97, PEL99 and PEL100 in the Walvis Basin, comprising the Cooper, Guy and Tamar licenses. BP Namibia Energy will... Continue Reading →
Oct 1 (Reuters) - French oil company TotalEnergies plans to invest $10 billion in Argentina, Chief Executive Patrick Pouyanne said on Thursday at a conference in Paris. The investment will be spread across different projects, including the drilling of new wells in Tierra del Fuego and an expansion of its gas production in Neuquen. "We... Continue Reading →
Sept. 30 (PN) The Pelotas Basin, located in the Brazilian southern region, may hold approximately 1 trillion cubic meters of recoverable natural gas, according to a preliminary estimate by the Energy Research Office (EPE). The assessment also indicates a volume of approximately 3.4 billion barrels of recoverable oil. In total, the study estimates 17.9 billion... Continue Reading →
Sept 30 (Reuters) - Executives gathered in Caracas this week for the first large energy conference since Washington launched a $100 billion reconstruction effort for Venezuela's oil industry are warning about slow progress to clear the biggest obstacle for their expansion projects: unreliable power. With an unresolved electricity deficit of more than 1,500 megawatts (MW),... Continue Reading →
Sept 29 (Reuters) - Colombia's oil and gas producer GeoPark is planning a $7 billion investment in Venezuela's large Bare oilfield to increase crude output there to some 90,000 barrels per day by 2038 from a current 11,000 bpd, the company's chief executive, Felipe Bayon, said on Tuesday. With 15.7 billion barrels of original oil... Continue Reading →
Sept. 29 (oilnow.gy) Staatsolie Maatschappij Suriname N.V. has received a proposal for an offshore area in Sector 1: SHO West. The Surinamese state oil company announced the submission on Tuesday, September 22, 2026. Under its Open-Door process, qualified companies now have 90 days to submit competing proposals for the same area. The submission period opened... Continue Reading →
Sept. 24 - Petrobras plans to install a production platform at the Mãe de Ouro field—which has not yet been drilled—in the Potiguar Basin, should the discovery's potential be confirmed, stated Petrobras CEO Magda Chambriard. Ibama authorized offshore drilling for this block and three others in March of this year. "If this discovery plays out... Continue Reading →
Sept. 22 (Reuters) Brazilian state-run oil company Petrobras' analysis of oil discovered at the Morpho exploration well in the offshore Foz do Amazonas basin showed it to be "very high quality" crude, an executive told Reuters on Monday. The crude found at the well could prove superior to oil produced from Brazil's prolific pre-salt fields,... Continue Reading →
Sept 19 (Reuters) - French energy company TotalEnergies and its partners in the $12 billion GranMorgu offshore oil and gas project in Suriname are on track to inaugurate output in mid-2028, the head of state-run Staatsolie, Annand Jagesar, said on Saturday during a tour to oversee the development's progress. "Together, we are not only developing... Continue Reading →
