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March 24 - SBM Offshore is pleased to announce it has been awarded contracts by ExxonMobil Guyana Limited, an affiliate of Exxon Mobil Corporation, to perform Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the Longtail development project in Guyana. The FEED contracts award triggers the... Continue Reading →
March 23 (Reuters) - Chevron is seeing progress in Venezuela as its oil production in the OPEC country rises, but more work is needed to change key energy legislation and secure conditions for investment, CEO Mike Wirth said on Monday. "There's still things that need to happen to encourage investment at the scale that people... Continue Reading →
March 23 (oilnow.gy) Guyana will remain a net carbon sink through 2030 even as it expands oil production with multiple offshore projects, according to an environmental impact assessment (EIA) for ExxonMobil’s proposed Longtail development. The assessment, prepared by ExxonMobil consultant Acorn International, found that cumulative greenhouse gas emissions from existing activities, the Longtail project and associated... Continue Reading →
March 23 (oilnow.gy) ExxonMobil Guyana plans to boost production at its Yellowtail offshore oil project by roughly 10% as it conducts a new optimization study, company President Alistair Routledge said on March 19. Yellowtail, which started production in August 2025, reached its initial target production of 250,000 barrels per day (b/d) by November. ExxonMobil has since... Continue Reading →
March 23, 2026 - PRIO S.A. (the “Company” or “PRIO”) (B3: PRIO3), further to the Material Fact disclosed on March 19, 2026, informs that the first producing well of the Wahoo Field has reached stabilized production of 12,000 barrels of oil per day. The schedule for bringing the remaining wells online remains as planned, with... Continue Reading →
March 20 (Reuters) - As widening conflict in the Middle East roils global energy markets, one city in southern Brazil is planning to run more of its municipal fleet on an innovative homegrown biofuel designed to replace diesel entirely. Nestled among rolling expanses of soybean farms in the state of Rio Grande do Sul, the... Continue Reading →
March 19 - IBAMA (Brazilian Institute of Environment and Renewable Natural Resources) issued a correction to the drilling license for block BM-C-33 in the Campos Basin, where the Raia field is located. In the document, the federal agency authorized the drilling of three wells in the area using the DS-17 drillship, operated by Valaris. IBAMA... Continue Reading →
March 18 - Maha Capital, a Stockholm-listed oil company controlled by the Brazilian asset manager Starboard, exercised its right to acquire a 24% stake in a Venezuelan oil field following the easing of sanctions by the United States. The decision came after the US Treasury Department authorized transactions with the state-owned PDVSA this week, paving... Continue Reading →
March 19 (Reuters) - Brazilian oil regulator ANP will tell state-run oil firm Petrobras to supply the diesel and gasoline volumes that the company would have auctioned this week in deals later canceled, it said on Thursday. This comes within a package of measures to monitor fuel stocks and imports and prevent possible supply problems, the... Continue Reading →
March 18, 2026 /PRNewswire/ -- Sumitomo Corporation do Brasil and Cemvita, Inc. today announced the signing of a Memorandum of Understanding (MOU) to collaborate on integrated bio-methane (Renewable Natural Gas, RNG) and renewable bio-oil (FermOil™) projects in Brazil. The partnership is focused on accelerating the deployment of low-carbon, waste-based fuels and strengthening Brazil's position as a... Continue Reading →
Brazil Energy Insight 