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June 15 - OceanPact has signed a R$ 443.7 million contract with Petrobras to perform specialized services for the removal and recovery of flexible pipelines as part of the decommissioning of offshore production units. The work will be carried out on the risers of the P-18 platform, located in the Marlim Field, Campos Basin. The... Continue Reading →
June 12 (Reuters) - Brazilian refineries sold over 100 million liters of naphtha to a firm investigated in an alleged fraud scheme involving a criminal gang designated by the U.S. as a terrorist organization, according to a person close to the matter and documents seen by Reuters. One major supplier was Riograndense, a refinery in... Continue Reading →
June 11 (Reuters) - Venezuela signed five agreements with British oil major Shell on Thursday to advance oil and gas projects, including the company's participation in the coveted 7-trillion-cubic-feet Loran offshore gas field, the government said. The country had signed preliminary agreements for these and other projects earlier this year with Shell, one of the few... Continue Reading →
June 12 - Petrobras has updated its forecast for the completion of drilling at the Morpho well in the Foz do Amazonas Basin, off the coast of Amapá. The initial expectation was to finish work by the end of June, but the company informed IBAMA (Brazilian Institute of Environment and Renewable Natural Resources) that it... Continue Reading →
June 11 (offshore-energy.biz) Brazilian state-owned energy heavyweight Petrobras has initiated a revenue stream with the first oil offloading from its eighth floating production, storage and offloading (FPSO) unit, which is working at a field in the Santos Basin off the coast of Brazil. Following its departure from Hanwha Ocean’s South Korean shipyard in Geoje in November 2025,... Continue Reading →
June 11 (OE) SLB has signed a long-term framework agreement with Venezuela's state oil company PDVSA to support the modernization and development of the country's oil and gas sector. The memorandum of understanding establishes a framework for cooperation across exploration, field development, production, digital enablement, and workforce training and development. The companies said the collaboration... Continue Reading →
June 11 (OE) Shearwater Geoservices has been awarded a distributed acoustic sensing (DAS) seismic survey contract in the Stabroek Block offshore Guyana by ExxonMobil Guyana. The contract covers a two-month program comprising source-only seismic acquisition in support of a baseline DAS reservoir surveillance survey over the Yellowtail development area. Shearwater has deployed the vessel SW... Continue Reading →
June 10, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has entered into an agreement with Equinor Brasil Energia Ltda. (Equinor) for the acquisition of a 50% interest in the Itaimbezinho block, in the offshore area of the Campos Basin. Equinor currently holds a 100% interest in the Itaimbezinho block and, upon completion... Continue Reading →
June 9 (Reuters) - U.S. oil major Exxon Mobil on Tuesday reported $4.67 billion in profit from its Guyana operations in 2025, slightly lower than the previous year when oil prices were weaker. Exxon leads the consortium that produces all of Guyana's oil output and currently produces more than 900,000 barrels per day from the country.... Continue Reading →
June 8 (oilnow.gy) Going back to Venezuela might be a stretch for big oil with other more attractive places nearby like Guyana. That was the assessment from Texas-based energy attorney Ted Borrego in an S&P Global article published May 20, as analysts weighed whether Venezuela’s planned debt restructuring could eventually reopen the door to major... Continue Reading →
Brazil Energy Insight 