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July 9 (Reuters) - Brazil's government on Thursday approved the extension of a 12% tax on crude oil exports for another 60 days, a measure introduced in March amid rising oil prices linked to the Iran war. The decision was taken by Gecex, the executive management committee of Brazil's foreign trade chamber Camex, which said in... Continue Reading →
July 9 (Reuters) - Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras on its possible return to exploration and production in the country, while the company is also willing to help restructure state energy firm YPFB, Energy Minister Marcelo Blanco said on Thursday. The government of President Rodrigo Paz is looking... Continue Reading →
July 9, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosure made on April 17, 2026, announces that it has concluded the acquisition of the interest in and operatorship for Block 3, located offshore São Tomé and Príncipe, in Africa. Upon completion of the transaction, the consortium is now composed of Petrobras... Continue Reading →
July 8 - PetroReconcavo announced production of 24,000 barrels of oil equivalent per day (boe/d) in June. This volume represents a 0.8% increase compared to May, but a 10.4% decrease compared to the same month in 2025. At the Potiguar Asset, production totaled 12,300 boe/d, a 0.3% decline from the previous month. Of this total,... Continue Reading →
July 8 (PN) Equinor has completed the installation of the PLEM (Pipeline End Manifold) for the Raia project at a depth of approximately 2,700 meters in the Campos Basin. This subsea equipment connects the FPSO risers to the pipeline that will transport natural gas to shore. The Raia pipeline will span approximately 200 kilometers, linking... Continue Reading →
July 8 (PN) Karoon Energy recorded an increase in production at the Baúna field, in the Santos Basin, following the completion of an intervention on well SPS-92, which resumed operations after the replacement of its electric submersible pump (ESP). The well's output reached 8,600 barrels of oil equivalent per day (boe/d), raising the field's total... Continue Reading →
July 8 (PN) After several postponements, Petrobras is expected to stick to the deadline for opening bid envelopes for the FPSO that will operate in the Albacora field revitalization project in the Campos Basin. The tender process, originally launched in March 2025, has faced several delays along the way. The current deadline for submitting proposals... Continue Reading →
July 8 (oilnow.gy) Guyana received just under US$2 billion in petroleum revenues during the first six months of 2026, according to official notifications published in the Official Gazette. The two Gazette notifications show that US$1.996 billion was deposited into the Natural Resource Fund (NRF) between January and June through profit oil and royalty payments generated... Continue Reading →
July 8 (OE) The PlemCat floating offshore wind test site in the Spanish Mediterranean has secured a favorable Environmental Impact Assessment (EIA), clearing a key regulatory hurdle for deployment of X1 Wind's 8.5 MW X100 platform under the NextFloat project. The approval was officially published in Spain's Boletín Oficial del Estado on July 8 and... Continue Reading →
July 6 (Reuters) - Brazilian power firm Equatorial and Spain's Iberdrola are in talks with Enel to buy assets of the Italian firm in Brazil, Brazilian newspaper Valor Economico reported on Monday, citing sources. Enel is in a spat over its power concession in Sao Paulo, with authorities considering revoking the approval due to a series of outages in recent... Continue Reading →
