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The Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) issued installation licenses for the P-80 and P-82 platforms, which are destined for the Búzios field in the Santos Basin pre-salt area. The P-80 and P-82 will rank among Brazil's largest platforms. Each will have the capacity to produce up to 225,000 barrels of... Continue Reading →
July 21 - BRAVA ENERGIA S.A. (“Brava” or the “Company”) (B3: BRAV3), in compliance with CVM Resolution No. 44/2021, and further to the Material Fact notice dated July 15, 2026, hereby informs its shareholders and the market in general that it has received from Ecopetrol Investimentos do Brasil Ltda. (“Offeror”) the notice attached to this Material... Continue Reading →
July 17 (Reuters) - U.S. energy firms this week added rigs for a fifth week in a row for the first time since early June, boosting the total count to its highest since April 2025, energy services firm Baker Hughes said in its closely followed report on Friday. The total rig count, an early indicator of... Continue Reading →
July 17 (OE) Grupo Carso has signed a binding agreement with TotalEnergies to acquire its entire 30% interest in offshore Block 30 in Mexico's Isthmus Saline Basin. The acquisition will be carried out through Mx Dlta Nrg 1, a subsidiary of Zamajal, in which Grupo Carso holds an 80% interest and Control Empresarial de Capitales... Continue Reading →
July 16 (Reuters) - Portugal and Brazil are seeking to attract Brazilian investors to build one or two advanced biofuel and sustainable aviation fuel plants in Portugal, the country's energy minister said on Thursday. Maria da Graca Carvalho said she would discuss the project — which targets both the domestic and European markets — when... Continue Reading →
July 16 (africa.businessinsider.com) An African island nation offered oil companies control of as much as 85% of three offshore blocks. Only two investors came forward. São Tomé and Príncipe has now reportedly rejected every bid submitted in its latest licensing round, delivering another setback to the Central African country’s decades-long search for a commercially viable... Continue Reading →
July 16 (oilnow.gy) ExxonMobil’s planned Longtail development offshore Guyana is among the major projects expected to support stronger global subsea tree contract activity during the second half of 2026. Westwood Global Energy Group on July 15 identified Longtail as a key future source of demand as offshore operators advance large developments requiring subsea production equipment. Subsea... Continue Reading →
July 16 (Bloomberg) -- The US decision to hit Brazil with 25% tariffs renews a trade fight with President Luiz Inacio Lula da Silva's government just months ahead of elections, potentially influencing the outcome of a highly polarized race. While the Trump administration cited unfair trade practices for imposing tariffs on certain Brazilian goods from... Continue Reading →
July 16 (oilprice.com) It’s not often that wind power and oil and gas are mentioned in the same breath. The rare occasion concerns a new type of offshore wind turbine launched in China that will power the extraction of fossil fuels by offshore oil platforms. Developed by the China National Offshore Oil Corporation (CNOOC), the... Continue Reading →
July 16 (OE) STS joint venture, formed by SBM Offshore and Technip Energies, and TotalEnergies EP Suriname have signed an agreement with French company Beyond the Sea to evaluate wind-assisted kite traction towing for the GranMorgu floating production, storage and offloading (FPSO) vessel offshore Suriname. The partners will develop, install, test and operate a Wind... Continue Reading →
