Petrobras Requests Authorization to Include Constellation Drilling Rig in Exploration of the Foz do Amazonas Basin

May 1 - Petrobras has requested authorization from IBAMA (Brazilian Institute of Environment and Renewable Natural Resources) to use the Amaralina Star (NS-43) drillship, owned by Constellation, in exploratory activities in block FZA-M-59, in the Foz do Amazonas Basin. This measure aims to increase operational flexibility in the Equatorial Margin, allowing for optimized resource allocation... Continue Reading →

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Vessel Sector Deep Dive: WTIVs

The changing global bottom-fixed offshore wind turbine and foundation installation market May 1 (OE) The last two or three years have seen a change in the underlying stakeholder support for the energy transition, resulting in the energy trilemma being focused more on energy security and affordability than transition, which means a pivot away from renewables... Continue Reading →

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Exxon Beats Q1 Earnings Estimate

May 1 (Reuters) Exxon Mobil beat estimates for quarterly adjusted earnings on Friday, helped by higher output in Guyana and the Permian Basin, though unadjusted profit dropped to its lowest level in five years due to disruptions from the Iran war that could hit production further in the current quarter. Adjusted earnings for the first... Continue Reading →

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Petrobras 1Q26 Production & Sales Report

April 30 - Petrobras' average production of oil, natural gas liquids (NGL), and natural gas in the first quarter of 2026 reached a record 3.23 million barrels of oil equivalent per day (MMboed). This figure is 3.7% higher than the fourth quarter of 2025 and 16.1% higher than the first quarter of last year, mainly... Continue Reading →

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Mexico’s Sheinbaum expects oil firm Pemex to reach agreement with Brazil’s Petrobras

April 30 (Reuters) - Mexican ​President Claudia Sheinbaum said on ‌Thursday she expects state oil firm Pemex (PEMX.UL) and its Brazilian counterpart Petrobras ​to reach an agreement, ​after Brazil's president pitched a partnership ⁠earlier this year. Sheinbaum told her ​regular morning press conference she ​would travel to Brazil to sign a deal with President Luiz Inacio... Continue Reading →

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