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Dec. 23 - Petrobras, following up on the announcement dated December 15, 2025, informs that, in light of the progress in negotiations related to Braskem and in order to expedite the necessary authorization procedures, Shine I Fundo de Investimento em Direitos Creditórios de Responsabilidade Limitada (FIDC) submitted today the potential transaction to Brazil’s Administrative Council for Economic Defense (CADE), with... Continue Reading →
Dec. 23 (PN) The year ends with a new important milestone for Brazil's oil and gas sector. The country will close 2025 with 433 exploration blocks under contract, the highest number in history, according to data from the National Petroleum Agency (ANP). The best result until then had been recorded last year, when there were... Continue Reading →
Dec. 23 (PN) Everything is fine with the P-68 floating production, storage and offloading (FPSO) vessel, which has resumed production in the Berbigão field, in the pre-salt layer of the Santos Basin. The unit's operation was suspended last Friday (19th) after a fire broke out in the water treatment unit panel of the platform. Production... Continue Reading →
Dec 23 (Reuters) - Brazilian state-run oil firm Petrobras' Tupi field briefly reached a production pace this week that, if sustained for a full day, would amount to 1 million barrels, three sources familiar with the matter told Reuters. The milestone suggests that the field, once Brazil's largest, is on track to return to output... Continue Reading →
Dec. 22 - The Brazilian National Petroleum Agency (ANP) has given its approval for the start of operations of the FPSO P-78 in the Búzios field, in the pre-salt layer of the Santos Basin. The vessel has a production capacity of 180,000 barrels of oil, in addition to compressing 7.2 million m³ of gas per... Continue Reading →
Dec. 22 (oilprice.com) Since the discovery of vast oil reserves in Guyana around a decade ago, the South American country’s oil industry has grown significantly following investment from several international oil majors and the beginning of offshore production. As Guyana begins to see the revenue from its black gold, the government is reinvesting some of... Continue Reading →
Dec. 22 (OE) Viridien has successfully completed the BM-S-2 seismic reimaging project in the southern Santos Basin, delivering a modern, high-fidelity 3D dataset across 8,468 sq km to support growing exploration activity in one of the most strategic, emerging offshore regions of Brazil. The project upgrades a large legacy survey with the latest advanced imaging... Continue Reading →
Dec 22 (Reuters) - ComBio, Brazil’s largest supplier of renewable thermal energy for industrial clients, expects to triple its revenue to about 2.4 billion reais ($430 million) within five years amid growing demand from corn ethanol producers, commercial director Ricardo Blandy told Reuters on Monday. Some 25 corn ethanol plants operate in Brazil, where another... Continue Reading →
Dec. 19 (oilnow.gy) Guyana’s Vice President Bharrat Jagdeo said on Thursday that the United States has assured Georgetown it will support and protect the country’s territorial integrity, including American assets operating in Guyanese waters, amid heightened tensions between Washington and Caracas. During a press conference in Georgetown, Jagdeo responded to questions about the possibility of... Continue Reading →
Dec. 19 (oilnow.gy) U.S. oilfield equipment maker NOV Inc. announced that it won a third-quarter contract from ExxonMobil Guyana to supply an actively heated flexible pipe system for the Hammerhead field development offshore Guyana. NOV said the scope of work includes the design, engineering, procurement, fabrication and testing of a complete flexible pipe system, expected... Continue Reading →
