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Aug 11 (Reuters) - Brazilian businessman Nelson Tanure may give up on his bid to acquire a controlling stake in Latin America's largest petrochemical firm Braskem as his exclusive negotiations window nears closing without an agreement to resolve claims from an environmental incident linked to the company. Last May, Tanure signed a 90-day exclusivity document to discuss... Continue Reading →
(offshore-energy.biz) Norwegian vessel owner DOF Group has secured two new long-term contracts with Brazil’s state-owned energy giant Petrobras that have a combined value of more than $275 million. Skandi Carla and Geoholm have been contracted on four-year charters with Petrobras as remotely operated vehicle (ROV) support vessels, both expected to begin their contracts in December.... Continue Reading →
Aug.11(PN) The Energy Research Company (EPE) recommended authorization for the construction and installation project of the Sergipe Aguas Profundas (SEAP) gas pipeline, presented by Petrobras. The project was analyzed in ongoing dialogue with the National Petroleum Agency (ANP), seeking to ensure the compatibility of the new infrastructure with national energy planning. "EPE's analysis indicated the... Continue Reading →
Aug 6 (ANP) Brazil broke a record for oil and natural gas production in June of this year, with 4.9 million barrels of oil equivalent per day. This unprecedented result, released in the Monthly Oil and Natural Gas Production Bulletin of the National Agency of Petroleum, Natural Gas, and Biofuels (ANP), affiliated with the Ministry... Continue Reading →
(PN) Petrobras is conducting two initiatives focused on Tupi, the country's largest producing field, located in the Santos Basin pre-salt layer. The company's Director of Exploration and Production, Sylvia dos Anjos, announced that the asset is receiving special attention with the aim of extracting more value and increasing production in the area. Furthermore, the company... Continue Reading →
Aug 8 (Reuters) - An Exxon Mobil-led consortium began production at a fourth floating production, storage and offloading vessel at the Stabroek Block in Guyana on Friday, bringing total capacity from the oilfield to over 900,000 barrels of oil per day, Exxon said. The floating vessel named One Guyana brings the joint venture a step closer... Continue Reading →
Aug 8 (Reuters) - Hopes among foreign energy companies that Colombia's coast could serve as a key source of oil and gas for the future are being dashed as many exploration projects lag expectations, with unwelcomed regulation further deflating optimism. The disappointing finds and regulatory roadblocks are pushing some energy firms to abandon the Andean nation for... Continue Reading →
Aug 7 (Reuters) - Argentina's state-controlled energy company YPF on Thursday reported a nearly 90% plunge in second-quarter net profit to $58 million, dragged down by lower fuel prices. Revenues dropped 6% from a year earlier to $4.64 billion, as softer prices for refined products and lower seasonal demand for naphtha weighed on sales. YPF's performance... Continue Reading →
August 07, 2025 “Our operational performance in the second quarter was excellent, driven by the implementation of new production systems and improved efficiency in operating fields. These factors allowed us to increase oil and gas volumes, positively impacting financial results and mitigating the impacts of the decline in Brent prices. Net income and adjusted EBITDA,... Continue Reading →
Aug. 7 (oilnow.gy) The Noble Valiant has been added as the second drillship for TotalEnergies’ offshore Suriname campaign, the company announced in its latest fleet status report. The vessel will support development drilling in Block 58, where the French major and APA Corporation have sanctioned the GranMorgu project. Built in 2014, the Noble Valiant is capable of... Continue Reading →
Brazil Energy Insight 