Oct. 1 - The National Energy Policy Council (CNPE) approved, this Wednesday (October 1st), a resolution establishing guidelines for the inclusion of oil and natural gas exploration blocks under the production-sharing regime located beyond 200 nautical miles, in accordance with the Brazilian Continental Shelf Survey Plan (Leplac). The decision represents a regulatory milestone for the... Continue Reading →
CNPE Authorizes Auction of Production Individualization Agreements for the Mero, Atapu, and Tupi Oil Fields
Oct.1 -The National Energy Policy Council (CNPE) approved, this Wednesday (October 1st), a resolution authorizing Pré-Sal Petróleo (PPSA), a state-owned company linked to the Ministry of Mines and Energy (MME), to hold the Auction for the Sale of Rights and Obligations arising from the Production Individualization Agreements (AIPs) for the Mero, Atapu, and Tupi Shared... Continue Reading →
PRIO – Offering of Senior Notes and Tender Offer
October 1, 2025 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), informs its shareholders and the market in general that PRIO Luxembourg Holding S.à r.l., its subsidiary, incorporated under the laws of the Grand Duchy of Luxembourg (“PRIO Lux”), has begun efforts for the issuance of a new series of debt securities, in the form... Continue Reading →
Construction of Vaca Muerta pipeline in Argentina is 35% complete official says
Sept 30 (Reuters) - The construction of a flagship pipeline to transport oil output from Argentina's Vaca Muerta shale region to the coast is 35% complete, the country's head of energy, Daniel Gonzalez, said at a conference on Tuesday. The 437-kilometer Vaca Muerta South pipeline by a holding company led by state-controlled YPF will connect Argentina's most important... Continue Reading →
Government Sets Minimum 60% Local Content for Offshore Support Vessels
Oct. 1 (PN) The board of the National Energy Policy Council (CNPE) this Wednesday (1st), approved a resolution that defines minimum local content rates for offshore support vessels built in Brazil. Under the new rule, projects must achieve at least 60% local content and at least 50% in two of the three investment groups: engineering;... Continue Reading →
Brava Energia on closing of the purchase and sale transaction of gas midstream infrastructure with Petroreconcavo
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, and following the Material Fact disclosed on May 5, 2025, informs its investors and the market in general that the Asset Purchase and Sale transaction (“Agreement”) with PETRORECONCAVO S.A. (“PetroReconcavo”), regarding the sale of 50% of the gas midstream infrastructure in... Continue Reading →
Guyana’s First: Saipem Builds Complex Subsea Structure for ExxonMobil’s Uaru Field
Oct. 1 (OE) Saipem has completed the first complex subsea structure ever built in Guyana, set for deployment at ExxonMobil’s Uaru field, marking a key milestone in the development of the Country's industrial capabilities in the subsea sector. This is the Pipeline End Termination (PLET), a terminal structure installed at the end of a subsea... Continue Reading →
Vallourec Signs Another OCTG Order from Petrobras
Oct. 1 - French tubular solutions supplier Vallourec has secured a new order from Petrobras for its Submagnético Free Flow oil country tubular goods (OCTG) solution designed to prevent inorganic scaling in production strings. The order covers the production and installation of more than 30 units, to be delivered and installed in Brazil’s offshore pre-salt... Continue Reading →
Petrobras FPSO P-78 arrives at the Búzios Field
Sept. 30 - After departing the Benoi shipyard in Singapore on July 13th, the FPSO P-78 arrived today, September 30th, at the Búzios Field, in the pre-salt layer of the Santos Basin. The unit will now be connected to the wells to begin production shortly. The Búzios Field is located in ultra-deep waters of the Santos Basin at depths of up to 2,100... Continue Reading →
Carlos Slim Doubles Down on Pemex With $2B Drilling Deal
Sept. 30 (oilprice) Billionaire Carlos Slim’s Grupo Carso SAB has signed a $1.99 billion contract with state oil company Pemex to drill 32 wells at the Ixachi natural gas field in Veracruz over the next three years. The Ixachi field, one of Mexico’s most important onshore deposits, currently produces about 93,000 barrels of oil and... Continue Reading →