ExxonMobil halted production at the Liza Unity FPSO in Guyana’s Stabroek block after a small fire. Oil and gas operations will restart after required checks are completed.
The Tupi asset in Brazil’s pre-salt Santos Basin has reached cumulative production of 4 billion boe, the first Petrobras asset to reach that volume in its 73-year history.
Jadestone Energy has brought the EBA-07ST1 well online at 2,800 bopd at East Belumut, with the first two wells lifting field production by approximately 6,000 bopd.
Valeura Energy completed an eight-well drilling campaign at Nong Yao, increasing production to about 10,500 bbls/d while deploying its first multi-lateral development well.
Tullow Ghana plans to bring four more Jubilee wells online in 2026 as it works to support production and reservoir pressure offshore Ghana.
The EIA’s December outlook projects global crude supply up about 800,000 bpd in 2026, with Brazil, Guyana and Argentina providing nearly half of the increase as non-OPEC production continues to expand.
Petrobras cuts its dividend and investment forecasts in its revised five-year business plan for 2026-2030, with reduced spending amid lower oil price expectations.
Vaalco Energy has once again delayed its multi-well drilling campaign offshore Gabon, now set to begin in the fourth quarter as the company reports lower third-quarter earnings due to maintenance and weaker oil prices.
Lukoil declared force majeure at Iraq’s West Qurna 2 oilfield after US sanctions disrupted its operations and restricted US-dollar transactions, affecting one of the country’s key upstream projects.
