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March 11 (OE) Energy and marine consultancy ABL has been contracted to provide marine warranty survey services for marine operations and installation activities on ExxonMobil’s Hammerhead development offshore Guyana. The Hammerhead project is expected to be the seventh development in the Stabroek Block, located around 200 km offshore Guyana in water depths ranging from 850... Continue Reading →
March 11 - PRIO S.A. (“Company” or “PRIO) informs to its shareholders and the market in general that it has published a new reserve certification report, prepared by DeGolyer & MacNaughton (“D&M”), dated January 1, 2026, which includes the reserves of the Polvo and TBMT (Bravo) cluster, Frade and Wahoo (Valente) cluster, the Albacora Leste field and the Peregrino field. Summary of reserves:... Continue Reading →
March 10, 2026 – Exail is supplying over 70 acoustic transponders and integrated navigation suites for two major deepwater energy projects in Brazil and Angola. These contracts mark a significant milestone in the global adoption of Exail’s Long Baseline (LBL) subsea positioning technology, supporting subsea construction, offshore infrastructure installation, and survey operations in complex environments... Continue Reading →
March 11 (OE) The first gas injection on Petrobras’ P-78 floating production, storage and offloading (FPSO) unit has been achieved just 61 days after the vessel reached first oil on December 31, 2025. The milestone, achieved on March 2, 2026, marks the transition of the vessel toward full operational readiness and expands production capability at... Continue Reading →
March 11 (OE) TotalEnergies and its partners Repsol and Shell have started production from the Lapa South-West project in Brazil’s Santos Basin. Located approximately 300 km offshore, the project consists of three wells tied back to the existing Lapa floating production, storage and offloading (FPSO) unit and is expected to increase production from the Lapa... Continue Reading →
March 30 - Equinor has reached a significant milestone in the construction of the Raia FPSO (BM-C-33 project) with the completion of the lifting of modules at the Seatrium Angra dos Reis shipyard (formerly BrasFELS). In November 2025, the modules manufactured in Brazil were completed and shipped to Singapore, where they will be integrated into... Continue Reading →
March 9 (valorinternational.globo.com) Uncertainty stemming from the conflict in the Middle East still makes it impossible to identify a clear oil price trend, but Petrobras’s pricing policy will not change because of the crisis, company executives said in assessing the current geopolitical environment and its effects on Brazil. They said, however, that the oil giant... Continue Reading →
March 9 (Reuters) Oil major Shell inked several oil agreements with the Venezuelan government that span offshore natural gas and onshore oil and gas opportunities, the company said in a statement. It also signed several technical and commercial agreements with Venezuelan engineering company VEPICA, as well as with KBR and U.S. oil services firm Baker... Continue Reading →
March 8 (oilprice.com) Following the United States intervention in Venezuela on 3rd January, which brought an end to President Nicolás Maduro’s 13-year dictatorship, all eyes have been on the South American country’s oil industry. Once one of the world’s biggest oil producers, output has waned in recent years. However, with U.S. President Trump setting his sights on Venezuelan... Continue Reading →
March 7 (Reuters) - Dozens of U.S. and other investors ranging from hedge fund managers to energy investors plan to travel to Venezuela in the coming weeks with hopes of meeting the country's top politicians and business leaders and scouting out investment opportunities, according to event organizers and participants. Three investor trips are being organized... Continue Reading →
Brazil Energy Insight 