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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 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 6 - Petrobras accelerated the pace of its investments last year. In total, the company spent US$20.3 billion in 2025, a 22.2% increase compared to the previous year. Furthermore, this is the company's highest investment level since 2019. The value was also 9.7% above the forecast in the company's 2025-2029 business plan, remaining within... Continue Reading →
Feb 28 (oilprice.com) Last year was an event-filled period for South America’s growing oil industry. The continent’s energy map is being rewritten by a few unexpected world-class oil booms, which makes the region a key source of non-OPEC production growth. There is also the potential for Venezuela to reemerge as a major petroleum producer after U.S.... Continue Reading →
Feb 26 (Reuters) - Italian energy group Eni beat forecasts on Thursday with a 35% year-on-year jump in fourth-quarter adjusted earnings, driven by a strong performance in its exploration and production division and improved refining results. Adjusted net profit came in at 1.2 billion euros ($1.4 billion) between October and December, beating an analysts' consensus forecast... Continue Reading →
Feb 17 (Reuters) - Suriname and Guyana plan to create a joint technical team to explore the development of natural gas production projects between the two South American countries, Suriname's oil minister told Reuters. The team, which could be installed next month, would mark a major step forward for Suriname and Guyana, which have long... Continue Reading →
Feb. 18 (oilprice.com) Guyana’s sights are set much higher than just being the new oil darling of the Western hemisphere. It wants to be the gas darling too. That’s the frame coming out of Georgetown as Guyana lines up a second gas pipeline project, even before the first one is fully online. President Irfaan Ali... Continue Reading →
Feb. 10 - Petrobras' total oil and natural gas production exceeded the upper limit of its target by 2.8 percentage points (+4%), reaching 2.99 million barrels of oil equivalent per day (boed), representing an 11% increase compared to 2024 production. In 2025, Petrobras achieved its best result in the last ten years by adding 1.7... Continue Reading →
Feb. 6 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), informs its investors and the market in general of the preliminary and unaudited production data for the month of January 2026. Potiguar – The monthly results reflect the impact of the temporary shutdown of facilities in the region, resulting from the audit conducted by... Continue Reading →
February 6, 2026 – Petróleo Brasileiro S.A.– Petrobras announces that it has received R$ 1.65 billion from its partners in the Sépia and Atapu fields: TotalEnergies EP Brasil Ltda (28%), PETRONAS Petróleo Brasil Ltda (21%), and QatarEnergy Brasil Ltda (21%) in Sépia; and Shell Brasil Petróleo Ltda (25%) and TotalEnergies EP Brasil Ltda (22.5%) in... Continue Reading →
Brazil Energy Insight 