Brought to you by Quest Offshore & Southern Cone Consultants
March 12 (oilnow.gy) Global offshore rig activity remained steady at the start of 2026, with several new drilling contracts awarded, including a major fixture offshore Trinidad and Tobago. In a March 11 LinkedIn update, Westwood Global Energy Group said the offshore rig market maintained stable utilisation levels across the global fleet. The firm reported that... Continue Reading →
March 12 (oilnow.gy) Eco (Atlantic) Oil & Gas Ltd. announced on March 11, 2026 that it has signed a binding agreement to acquire the remaining shares of JHI Associates, Inc., a move that deepens the company’s exposure to offshore Guyana while adding a new exploration position in the North Falkland Basin. The Toronto-based exploration company... Continue Reading →
March 12 (offshoreWIND.biz) Spanish energy company Iberdrola has registered a public takeover bid to acquire the remaining shares of its Brazilian subsidiary Neoenergia, aiming to reach full ownership of the company. Iberdrola, which now officially submitted documentation to the Brazilian Securities and Exchange Commission (CVM) and Novo Mercado (Brazilian Stock Exchange – B3), launched the... Continue Reading →
March 12, 2026 – Asahi Kasei, a diversified global company, has started theinstallation of an Aqualyzer™-C3 containerized 1 MW-class alkaline-water electrolyzer atFinland’s first commercial hydrogen refueling station in Jyväskylä. This developmentmarks the start of the project’s next phase and an important milestone in Europe’shydrogen ecosystem. In July 2025, Asahi Kasei announced that it would supply... Continue Reading →
Rio de Janeiro, March 11, 2026 – Brava Energia (“Brava” or the “Company”) (B3: BRAV3) announces its results for the fourth quarter and full year of 2025 (“4Q25” or “2025,” respectively):. ¹corresponding to the stake held by the Company in each portfolio asset. ² including inter-Company transactions. 4Q25 & 2025 HIGHLIGHTS AND SUBSEQUENT EVENTSProgress across... Continue Reading →
March 12th , 2026 – Exail, a leader in marine robotics technologies, announces the sale of its DriX H-9 Uncrewed Surface Vessel (USV) for civil offshore operations to a European client. The DriX H-9, equipped with a Multibeam Echosounder (MBES), Side Scan Sonar (SSS), Sub-Bottom Profiler (SBP) and magnetometer, will be deployed for offshore infrastructure... Continue Reading →
March 11 (Reuters) - Colombia and Venezuela have agreed to repair a damaged section of a binational pipeline that will allow Bogota to import natural gas from its neighbor, Colombia's energy ministry said on Wednesday. The Antonio Ricaurte gas pipeline has been inactive for years. A roadmap for re-establishing operations was outlined in a meeting... Continue Reading →
March 11 - Brazilian engineering firm Oceânica Engenharia announced that it has signed long-term contracts with Petrobras worth approximately US$736 million. According to a statement, these new contracts increase Oceânica's order backlog to approximately R$12 billion. The contracts have a duration of four years. Operations are scheduled to begin in the first half of 2027... Continue Reading →
March 11- PRIO, the largest independent oil and gas company in the country, ended 2025 with total revenue of US$2.5 billion, driven by a 27% increase in production and sales compared to the previous year. The performance was marked by important achievements, such as the acquisition of the Peregrino field, the development of the Wahoo... Continue Reading →
March 11 (oilnow.gy) Petrobras is expanding local content expectations beyond formal contractual mandates in Brazil, according to a February 19 Rystad Energy analysis. In January 2025, Petrobras had noted that Brazil’s local content law aims to boost investments and optimize the country’s exploration and production activities. Petrobras hailed the law as an important milestone for Brazil’s oil... Continue Reading →
Brazil Energy Insight 