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Aug. 20 (oilnow.gy) The Errea Wittu floating production, storage and offloading vessel was positioned off Guyana’s coast on August 19, VesselFinder data showed. The automatic identification system data listed Georgetown, Guyana, as the vessel’s destination. It was traveling at 7.4 knots, with an estimated arrival time of 10 a.m. today. Arrival estimates can change based... Continue Reading →
Aug 19 (Reuters) - Oil service provider SLB and private equity firm Formentera Partners are working to either reactivate oil rigs in Venezuela or import additional rigs into the country in the coming months, executives from both firms said on Wednesday during a conference in Houston. Energy-focused Formentera is in discussions with international service providers to... Continue Reading →
Aug 19 (Reuters) - Brazil's largest thermal power plant, GNA II, said on Wednesday its operations have been interrupted since August 10 after a failure in the steam turbine circuit breaker affected the unit's step-up transformer. The gas-fired plant is located in the Acu port in Rio de Janeiro and has 1.7 gigawatts of installed... Continue Reading →
Aug. 19 (oilprice.com) Venezuela has signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, Bloomberg reported, citing a TV statement made by the South American country’s oil minister, Paula Henao. One of the deals involves development of two fields and the other... Continue Reading →
Aug. 18 - Petrobras has filed a request to drill three wells with the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) for an environmental license to advance its oil and natural gas exploration campaign in the Foz do Amazonas Basin. This area is located along the Equatorial Margin, off the coast of... Continue Reading →
Aug. 18 (offshore-energy.biz) Ecopetrol Investimentos do Brasil, a wholly owned subsidiary of Colombia’s state-owned oil and gas company Ecopetrol, has broadened its presence in Brazil’s energy sector by acquiring a controlling stake in local oil and gas producer Brava Energia. In a step that strengthens its growth platform in Brazil, Ecopetrol has completed the acquisition of a... Continue Reading →
Aug 17 (Reuters) - Palantir chair and co-founder Peter Thiel has bought a 1% stake in Argentina's Vista, one of the largest oil companies operating in the country's Vaca Muerta shale formation, according to a U.S. Securities and Exchange Commission filing. The filing, published on Friday, comes four months after the tech billionaire met with... Continue Reading →
August 17, 2026 Bergen, Norway and Rio de Janeiro - Corvus Energy, global market leader in marine energy storage systems, has entered into a strategic partnership with Belga Marine, a distinguished maritime and offshore service provider based in Brazil, to deliver specialized local support, expert aftermarket battery system services, and on-the-ground spare parts storage to... Continue Reading →
Rio de Janeiro, August 14th, 2026 – Petróleo Brasileiro S.A. – Petrobras has identified the presence of hydrocarbons in an exploratory well currently being drilled in Block FZA-M-59, located in deep waters offshore Amapá, within the Foz do Amazonas Basin in Brazil's Equatorial Margin. The Morpho well (1-BRSA-1405-APS) is located approximately 175 km off the... Continue Reading →
Aug. 14 (oilnow.gy) Guyana’s oil production fell in May and again in June, according to government data. ExxonMobil leads a consortium that has invested more than US$50 billion to explore and develop the resource offshore. Production averaged 869,000 barrels per day (b/d) in June. This was down from 895,000 b/d in May and 902,000 b/d... Continue Reading →
