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June 23 (oilnow.gy) Venezuela’s efforts to restructure more than US$150 billion in sovereign and oil company debt could improve investor confidence in its energy sector, but obligations to China may complicate any final agreement, according to experts interviewed by S&P Global. The June 12 report noted that Venezuela’s total external debt is estimated at between... Continue Reading →
June 23 (OE) Italian energy services company Saipem has launched operations for the GranMorgu offshore project in Suriname with the arrival of the multi-purpose construction vessel Normand Navigator at the Jules Sedney Harbour commercial port in Paramaribo. The vessel is berthed and ready to begin preliminary activities for the project, which is located in Block... Continue Reading →
June 23 (OE) Energy and marine consultancy ABL has opened a new office in Salvador, Brazil, expanding its presence in the country and strengthening its asset integrity management offering for the oil and gas, maritime and industrial sectors. The new office will support asset integrity management projects in Brazil and across the wider Americas region,... Continue Reading →
June 18 (offshore-energy.biz) A multi-client 3D seismic survey is on the agenda at one of the frontier regions in Brazilian waters, with Norway’s energy data and intelligence company TGS and its joint venture (JV) partner, U.S.-headquartered SLB, at the helm of the campaign that will help boost the hydrocarbon exploration momentum in the South American... Continue Reading →
June 17 (Reuters) - Brazil will end subsidies for diesel and gasoline if the price of crude oil stabilizes around $80 per barrel due to progress toward a U.S.-Iran deal to end their conflict, the executive secretary of the Finance Ministry, Rogerio Ceron, told Reuters. Ceron said in a Tuesday interview that de-escalation in the... Continue Reading →
June 17 (Reuters) Venezuela's state oil company PDVSA and Spanish energy group Repsol REP.MC have signed a crude and gas agreement to boost output in northwestern Venezuela, officials from the two companies said on Tuesday. PDVSA President Hector Obregon said at an event at the government palace the deal offers "exploration opportunities" on the eastern... Continue Reading →
June 16, 2026 - PRIO S.A. (the “Company” or “PRIO”) (B3: PRIO3), in compliance with best corporate governance practices, hereby informs its shareholders and the market in general that it has opened the fourth producing well at the Wahoo Field (“Field”), stabilizing its production at 10,000 barrels of oil per day. As a result, PRIO... Continue Reading →
June 16 (oilnow.gy) ExxonMobil Guyana is moving ahead with fresh exploration drilling at the Barreleye-3 well in the Stabroek Block, continuing work to evaluate one of the discoveries that could help shape the next wave of development offshore Guyana. The drilling campaign is scheduled to begin on June 13 and continue until August 31, 2026,... Continue Reading →
June 16 (oilnow.gy) ExxonMobil Guyana Limited has proposed a new exploration and appraisal drilling campaign that could see up to 35 wells drilled in the Stabroek Block between 2028 and 2033. The Guyana Environmental Protection Agency (EPA) announced on June 14 that it has opened a 28-day public consultation period on the proposed campaign, inviting... Continue Reading →
12 June 2026 – Trafigura has received a licence from Brazil's National Electric Energy Agency (ANEEL) to trade wholesale power in Brazil, marking the company’s entry into Latin America’s largest and most developed power market. With the licence now granted, Trafigura’s Brazil power desk is positioned to participate actively in the country’s electricity market. The desk... Continue Reading →
Brazil Energy Insight 