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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 →
(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 →
(Reuters) - Soaring oil and gas production from Argentina's Vaca Muerta shale formation in the first quarter of 2025 is fueling the nation's push for energy self-sufficiency and ambitious plans to become an important liquefied natural gas exporter, Rystad Energy analysts said on Tuesday. Vaca Muerta, a vast unconventional oil reserve, is pivotal for Argentina... Continue Reading →
(oilnow.gy) Just across the Corentyne River, Suriname is watching. It has seen Guyana go from oil discovery to oil power in less than a decade, GDP booming, rigs multiplying and an international attention growing. But where Guyana surged ahead, Suriname is moving with caution. Guyana’s momentum was driven by multiple factors: a stable investment climate, a business-friendly... Continue Reading →
(oilnow.gy) Since ExxonMobil’s historic Liza discovery in 2015, the Stabroek Block offshore Guyana has yielded a string of world-class oil finds. While Liza remains the biggest discovery to date, several subsequent wells have encountered major oil-bearing reservoirs. Here is a ranking of the top discoveries after Liza, based on the thickness of high-quality oil or... Continue Reading →
(CNN) Shell expects to drill an exploratory oil well in the Pelotas Basin, a new exploration frontier, in 2028, said Lucio Prevatti, the company's general manager for exploration and development in Brazil, during an event in Rio de Janeiro. According to him, Brazil needs to find new producing areas to replenish its reserves and meet... Continue Reading →
(OE) BW Energy has made a final investment decision (FID) for the Maromba development offshore Brazil, which will feature an integrated drilling and wellhead platform (WHP) and a refurbished floating production, storage and offloading (FPSO) unit. The Maromba development targets 500 million barrels of oil in place in the highly delineated and tested Maastrichtian sands.... Continue Reading →
(Reuters) - The main Colombian guild for oil, gas, and energy service companies proposed on Tuesday several measures to mitigate the drop in exploration and production (E&P) of oil and to take on the natural gas deficit in the South American country. Campetrol's proposed measures include declaring offshore projects necessary for future gas supply, adjusting... Continue Reading →
Suriname is experiencing renewed optimism for its oil industry with the approval of the GranMorgu project and significant investment from international energy companies. The country hopes to leverage its offshore oil discoveries to address economic challenges and reduce poverty, drawing inspiration from neighboring Guyana's successful oil boom. Several offshore blocks, including Block 58 and Block... Continue Reading →
Brazil Energy Insight 