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Oct. 17 (oilnow.gy) Guyana’s first competitive oil auction offered more shallow water blocks than deep water acreage. Eleven of the 14 blocks were in shallow water, and six were selected for negotiations in October 2023. The round, launched in December 2022 and closed in September 2023, formed part of efforts to attract additional operators to... Continue Reading →
Oct. 15 (TN) Equinor is celebrating the first year of production at the Bacalhau field, reaching the milestone of 25 offloading operations and 25 million barrels of oil produced. This achievement coincides with the company’s 25th anniversary in Brazil and underscores the field’s strategic importance to Equinor’s long-term growth in the country. Operated by Equinor—in... Continue Reading →
Oct 15 (Reuters) - Angola intends to implement faster exploration concessions from next year as part of a new long-term hydrocarbon strategy that aims to attract investment and stimulate oil and gas production, a senior government official said on the sidelines of an energy conference in Cape Town. Here are some details: The 25-year plan... Continue Reading →
Oct. 15 (offshore-energy.biz) Norway's TMC Compressors has been selected for the delivery of a compressed air system for a floating production, storage and offloading vessel (FPSO) that is currently being upgraded in China before deployment offshore Brazil for its third phase of life. The Maromba FPSO, formerly known as FPSO Polvo, is undergoing upgrades at... Continue Reading →
Oct. 8 (OE) Rockhopper Exploration has agreed to invest $44 million to acquire a 35% interest in the OSX-1 floating production, storage and offloading (FPSO) vessel, which is planned for the accelerated development of the Sea Lion oil field in the North Falkland Basin. The company has entered into a subscription agreement to acquire ordinary... Continue Reading →
Oct. 7 (OE) Nigeria has launched its 2026 oil and gas licensing round, offering 40 blocks spanning onshore, shallow-water and deepwater areas as the country seeks new investment and higher production. Nigerian Upstream Petroleum Regulatory Commission (NUPRC) Chief Executive Oritsemeyiwa Eyesan announced the round following approval from President Bola Tinubu, with Nigerian and international investors... Continue Reading →
October 5, 2026 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of September. Key:(1) At the Frade Field, the new producing well, MUP7, came online on September 5, with initial production of 5,000 barrels of oil per day.(2) Production... Continue Reading →
Oct. 5 (oilprice.com) Indian state-owned refiner Bharat Petroleum Corporation Limited (BPCL) prepares to issue a $3-billion bond to finance its share of a major offshore oil development in Brazil, as Indian companies move to expand in international upstream to secure crude oil supplies. BPCL, India’s second-largest state-controlled oil refiner, expects to raise the sum via... Continue Reading →
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 →
