Brazil

The platform brings the field’s installed production capacity to 1.5 million BOPD.

Updates about global exploration and production activities and developments.

This paper assesses the technical feasibility of geological carbon storage in the operator’s Brazilian brownfields, focusing on mature oil fields and associated saline aquifers.

As COP30 wrapped up in Brazil, the country finds itself at an inflection point, positioned to deliver South America’s first carbon-dioxide injection by mid-2026.

Updates about global exploration and production activities and developments.

Your willingness to contribute ideas and field experience helped strengthen a global community committed to advancing safe and responsible energy development.

Production from the Búzios field now tops 1 million B/D with six floating production systems in operation and more on the way.

The supermajor says it aims to start appraisal activities in 2027 and is evaluating development possibilities for the deepwater find offshore Brazil, which is the company’s largest discovery in 25 years.

The Global CCS Institute released its Global Status of CCS 2025 report, which states that the number of operating CCS facilities has grown to 77 with a capability of storing 64 mtpa.

COP30 in Brazil represents a historic first, with the country being the first COP host to have a national CCUS law, an operating direct air capture plant, a project nearing CO₂ injection for pure geological storage, and more.