Core Insights - Petrobras and its partners have commenced oil production at the Búzios 6 project using the P-78 FPSO unit, located in the pre-salt layer of Brazil's Santos Basin, 180km off the coast of Rio de Janeiro [1] - The Búzios 6 development is expected to increase the field's production capacity to nearly 1.15 million barrels of oil per day and enhance Brazil's gas supply by up to 3 million cubic meters per day [2] Production and Infrastructure - The P-78 platform is designed to produce 180,000 barrels of oil and 7.2 million cubic meters of gas daily, representing the seventh platform in production at the Búzios field [1][2] - The project involved drilling 13 wells, including six producers and seven injectors, equipped with intelligent completion systems for improved production management [5] Technological Advancements - The P-78 platform incorporates technologies aimed at reducing emissions and increasing efficiency, such as an exhaust gas recovery system and variable speed drives for pumps and compressors [4] - The platform's construction adhered to the FORTALECE Programme, which aimed to enhance technical quality and efficiency through operational lessons learned from earlier units [3] Local Content and Economic Impact - The contract for the P-78 platform mandated at least 25% local content, with ten out of the 23 topside modules constructed at the BrasFELS shipyard in Angra dos Reis, Rio de Janeiro [3] - Petrobras projects an overall production of 2.5 million barrels per day for the year, with a significant portion expected to come from the Búzios field, which is the largest in Brazil in terms of reserves and production [5]

Russian oil production rose in September to 9.321 million barrels per day, up 148,000 bpd from August, as the world's leading oil producing countries continued to ramp up production, OPEC monthly data... ...

OPEC's oil output rose further in September after an OPEC+ agreement to raise production, a Reuters survey found on Thursday, mainly due to higher production by the United Arab Emirates and Saudi Arab... ...

OPEC+ will likely approve another oil production increase of at least 137,000 barrels per day at its meeting next Sunday, as rising oil prices encourage the group to try to further regain market share, three sources familiar with the talks said.OPEC+ has reversed its strategy of output cuts from April and has already raised quotas by more than 2.5 million barrels per day, representing about 2.4% of world demand, to boost market share and after coming under pressure from President Trump to lower oil prices.E ...