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Aug. 26 (OE) Sonardyne, a Kraken Robotics company, has expanded its industry-leading SPRINT-Nav technology into a complete, scalable family of underwater navigation systems for marine robots, built around a single shared architecture. For more than a decade, SPRINT-Nav has combined the key sensors needed for underwater navigation in a single pre-calibrated instrument. This has helped... Continue Reading →
Aug. 26 (Reuters) Chinese offshore oil and gas major CNOOC posted a record first-half net profit on Wednesday, as higher oil prices driven by the Iran war and rising production boosted earnings. Net profit attributable to shareholders rose 23.4% to 85.8 billion yuan ($12.9 billion) from 69.5 billion yuan a year earlier, according to a... Continue Reading →
Aug. 26 (OE) Petrobras has signed a two-year contract for the Normand Valiant construction support vessel (CSV), owned by Solstad Maritime (SOMA). The contract is expected to start in fourth quarter 2026 in direct continuation of the current agreement and subsequent class renewal. The vessel will provide accommodation services to support production activities on the... Continue Reading →
Aug. 25 (offshore-energy.biz) Navitas Petroleum, an Israeli oil and gas producer and developer that operates a project under development in the North Falkland Basin, is stepping up plans to expand its oil field project in the Falkland Islands through the acquisition of a second floating production, storage, and offloading (FPSO) vessel that could boost daily... Continue Reading →
Aug. 24 (oilnow.gy) A year after Chevron completed its acquisition of Hess, Guyana is emerging as a distinct part of the company’s longer-term production outlook, with a resource base that can support successive offshore developments through the 2030s. Chevron acquired Hess in July 2025, gaining a 30% interest in Guyana’s Stabroek Block along with producing and... Continue Reading →
Aug. 25 (Reuters) British oil major Shell has shelved its Aphrodite offshore gas project in Trinidad and Tobago after disagreements over commercial terms with Trinidad's National Gas Company, three people familiar with the decision said on Monday. Shell had given the project a positive final investment decision last year, but it has decided for now... Continue Reading →
Aug. 24 (oilprice.com) More than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven’t returned to operating oilfields in the world’s largest oil reserves holder. Chevron, which has operated in Venezuela throughout Maduro’s reign, is extracting and exporting oil to the U.S., but neither ExxonMobil... Continue Reading →
Aug. 24 (PN) Petrobras's board met last week and reached a decision that could alter the course of one of the sector's most anticipated projects. Due to discussions surrounding the "gas release" program, the company deemed it prudent to hit the brakes and reevaluate the export pipeline project for the Sergipe Deepwater (SEAP) development, anccording... Continue Reading →
Aug 23 (Reuters) - U.S. oil major ExxonMobil suspended operations at a facility off the coast of Guyana after a laundry-room fire broke out on a floating vessel, Bloomberg News reported on Sunday, citing a company statement. According to the report, the fire on the Liza Unity floating production, storage and offloading vessel was quickly... Continue Reading →
Aug. 23 (oilprice.com) Mexico’s state oil firm Pemex and Brazil’s national oil company Petrobras are joining efforts and expertise to drill prospects in Mexican waters in the Gulf of Mexico, hoping to unlock huge oil resources from source rock formations that are miles deeper and eight times older than the currently producing formations in the... Continue Reading →
Brazil Energy Insight 