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(Reuters) BP will launch a review of how best to develop and monetize its oil and gas production assets and consider more cost cuts to boost shareholder returns, the oil major said on Tuesday, as it beat second-quarter profit expectations. BP, under pressure from investors after years of underperforming rivals and also the target of... Continue Reading →
August 4, 2025 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosures made on April 17, 2024, and April 25, 2024, announces that it has concluded today the transfer of its entire participation (100%) in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco Petróleo e Gás... Continue Reading →
August 4, 2025 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of July. Key: (1) At the Frade field, the gas compressor had a failure at the end of July, which has already been resolved, and production has... Continue Reading →
(TN) Petrobras has signed R$1.2 billion charter and nautical operation and hotel service contracts for two self-elevating Liftboat vessels. These vessels will support maintenance and readiness operations for fixed platforms to be decommissioned in the Sergipe-Alagoas and Rio Grande do Norte-Ceará basins. The commercial agreement, resulting from a bidding process, was signed with OOS International... Continue Reading →
(offshoreWIND.biz) According to a new market report from the Global Wind Energy Council (GWEC), there are now 83 GW of offshore wind capacity installed globally, with 48 GW more in the construction phase worldwide as of May this year. “Our report finds that there is now already 83 GW of offshore wind installed worldwide, keeping... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of July 2025. The Company renewed its historical production record in July, reaching a daily average of 90.9 thousand boe, an increase of 6.0% compared to the average recorded in... Continue Reading →
(OE) Norwegian offshore vessel operator Solstad Offshore has secured a contract with Petrobras for its construction support vessel (CSV) Normand Commander. The vessel will be on a bareboat contract from the vessel owner Solstad Maritime to Solstad Offshore, who holds the contract with Petrobras. The four-year contract will start in the first quarter of 2026.... Continue Reading →
(TN) "We announce two unprecedented milestones in our history in Brazil with new contracts with Petrobras for: • PDG (Permanent Downhole Gauge) Preparation and Installation Services • Specialized Technical Operation and Maintenance Services for Electrical Systems for Monitoring Signals from Subsea Downhole Sensors and ANMs." "This is the first time we have undertaken this scope... Continue Reading →
(TN) MODEC, a global leader in the operation of floating oil and gas production platforms, celebrates two important operational milestones this month: the 15th anniversary of the FPSO Cidade de Santos MV20 and the 10th anniversary of the FPSO Cidade de Itaguaí MV26. Together, the units have already surpassed the 465 million barrels of oil... Continue Reading →
(OE) Norwegian offshore supply vessel owner DOF Group has secured a contract with Petrobras for two of its anchor handling tug supply (AHTS) vessels. The two contracts, with a combined value of more than $220 million, are for Skandi Fluminense, a 2007 Brazilian-built AHTS vessel with 211t bollard pull, and Skandi Lifter, a foreign-flagged 250t... Continue Reading →
Brazil Energy Insight 