Category: South America

SISTAC Extends Contract with Petrobras for Platform Maintenance in the Santos, Campos, and Espírito Santo Basins

March 31 (TN) SISTAC, a leader in the Brazilian market for inspection, maintenance, and repair of submerged structures for the oil and gas industry, announces that the company and Petrobras have signed a contract addendum extending the provision of services on platforms located in three basins—Santos, Campos, and Espírito Santo—for another year. Initiated in April... Continue Reading →

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Renewable energy producers downsize operations in Brazil due to operational restrictions

March 31 (Reuters) - Brazil's renewable energy sector is facing severe headwinds, with major ​power generators scaling back operations and cutting jobs due to generation restrictions that the national grid ‌operator imposed on wind and solar plants in 2023, companies told Reuters. Atlas Renewable Energy, owned by Global Infrastructure Partners (GIP) under BlackRock, Newave Energia,... Continue Reading →

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ExxonMobil’s Haimara gas field to form anchor for ninth offshore Guyana project

March 30 (oilnow.gy) ExxonMobil Guyana is advancing plans for its next development offshore Guyana, with the Haimara discovery expected to serve as the anchor for the project in the southeast section of the Stabroek Block. Company President Alistair Routledge said at a recent press briefing that the development concept for that area groups discoveries from Longtail through... Continue Reading →

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Stabroek output climbs further to 918,000 b/d in February

March 30 (oilnow.gy) Crude oil production offshore Guyana averaged about 918,000 barrels per day (b/d) in February 2026, reflecting continued gains from optimization work across ExxonMobil’s Stabroek Block developments. Government data shows that approximately 25.7 million barrels were produced during the month across four projects.  Output was distributed as follows:  Liza 1: 129,000 b/d Liza... Continue Reading →

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