Brought to you by Quest Offshore & Southern Cone Consultants
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 →
March 30 (OE) Iberdrola has awarded contracts to Siemens Energy and Prysmian, worth more than $4 billion (€3.5 billion), for the development of the Eastern Green Link 4 subsea electricity interconnector between Scotland and England. Under the agreements, Siemens Energy will supply two high-voltage direct current converter stations, while Prysmian will provide more than 640... Continue Reading →
March 27 (Reuters) - Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston this week, ending years of underinvestment in exploration. In recent years, the shale revolution in the U.S. promised abundant, flexible supply, while growth... Continue Reading →
March 27 - Petrobras announced the renewal of the operating license from the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) for drilling the Mãe de Ouro well, which is located in deep waters in the Potiguar Basin. The license allows the drilling of three wells: Mãe de Ouro, Inhame, and Taianga. The wells... Continue Reading →
March 27 - The board of the National Petroleum Agency (ANP) approved a new version of the tender for the Permanent Production Sharing Offer (OPP). The update includes 15 new exploration blocks, which are added to the eight already foreseen, totaling 23 areas available for the next OPP cycles. The technical-economic parameters were also revised.... Continue Reading →
March 27 (offshoreWIND.biz) The Crown Estate has unveiled plans for the UK’s Offshore Wind Leasing Round 6 to be held in the first half of 2027, targeting the development of at least 6 GW of new capacity. The upcoming leasing process will focus on areas primarily located in the northeast of England. The sites are... Continue Reading →
March 26 (Reuters) - The world will not be able to reach carbon neutrality by 2050 as outlined in the Paris Agreement, French oil major TotalEnergies said on Thursday, and the company will have to adapt its own climate ambitions as a result. Total had previously said it had an ambition to be carbon neutral... Continue Reading →
March 27, 2026 - PRIO S.A. (the “Company” or “PRIO”) (B3: PRIO3), in compliance with best corporate governance practices, hereby informs its shareholders and the market in general that it has opened the second producing well at the Wahoo Field, whose production has stabilized at 12,000 barrels of oil per day. The opening schedule for... Continue Reading →
March 26 - Foresea has signed a long-term contract with Petrobras, valued at approximately US$465 million, for the operation of the ultra-deepwater drillship ODN I at the pre-salt Mero Field in the Santos Basin. The contract is valid for 1,443 days (approximately 4 years). The drillingcampaign is scheduled to begin in early 2027, shortly after... Continue Reading →
March 26 - NOV announced plans to virtually double the capacity of its submarine flexible pipe manufacturing unit at the Porto do Açu, in São João da Barra (RJ), through a US$200 million investment over the next three years. According to Jose Bayardo, chairman, president and CEO of NOV, the expansion of the unit comes... Continue Reading →
Brazil Energy Insight 