Oct. 30 (OE) Offshore drilling contractor Noble Corporation has secured approximately $560 million in new rig contracts across Africa, South America and Norway since its July fleet status report, bringing its contracted backlog to $6.7 billion. The awards span six drilling rigs and include exploration, development drilling, plug and abandonment (P&A) and light well intervention... Continue Reading →
Petrobras completes drilling with another oil discovery in Ultra-Deep Waters off the Coast of Amapá
Oct. 29 - Petrobras informs that it has identified another oil-bearing interval in the Morpho well, which constitutes the third discovery in block FZA-M-59, located in ultra-deep waters off the coast of the state of Amapá, at a water depth of 2,886 meters.The continued evaluation of other intervals of interest, following the discoveries announced in... Continue Reading →
Petrobras’ own oil and gas production hits new record, up 11.7% in one year
Oct. 28 (Petrobras) In 3Q26, our average production of oil, NGL, and natural gas reached a record of 3.512 MMboed, 11.7% higher than 3Q25 and 5.3% higher than 2Q26, due primarily to the highest production efficiency level in eight years, the ramp-up of P-78 and P-79 FPSOs in Búzios field, FPSO Alexandre de Gusmão reaching... Continue Reading →
Noble’s quarterly loss widens to US$117 million as tax expense surges
Oct. 27 (oilnow.gy) Noble Corporation reported a net loss of US$117 million in the third quarter of 2026, widening from US$37 million in the preceding quarter, as a sharp increase in income tax expenses outweighed its pretax earnings. The drilling contractor published its earnings on October 26, 2026. The offshore drilling contractor recorded an income... Continue Reading →
OEG secures seven-year tank deal amid growth in Brazil’s offshore sector
Oct. 26 - OEG, a global energy solutions company, has signed a seven-year agreement to supply 50 offshore chemical tanks to a major speciality chemicals company in Brazil, as operators move to lock in long-term access to equipment amid tightening supply. The 5,200-litre-capacity tanks will be rented to support the customer’s offshore operations in the... Continue Reading →
Liza Unity’s Fast4Ward blueprint grows into 13-hull program
Oct. 26 (oilnow.gy) SBM Offshore has ordered 12 additional Fast4Ward hulls since allocating the first unit to Guyana’s Liza Unity FPSO. The expansion has supplied floating production projects across Guyana, Brazil, and Suriname, while keeping hulls available for future contracts. The orders show how SBM Offshore has developed its approach to FPSO construction: commission standardized... Continue Reading →
OneSubsea, Oil Majors Complete All-Electric Subsea Technology Project in Brazil
Oct. 22 (OE) OneSubsea has completed a joint industry project in Brazil with TotalEnergies, Equinor, BP and Chevron to develop and qualify fully electric subsea production technologies for applications in water depths of up to 3,000 meters. The Brazil All-Electric Joint Industry Project (JIP), supported through the Brazilian National Petroleum Agency's (ANP) research and development... Continue Reading →
Exxon set to drill exploration well in Trinidad after completing seismic program, minister says
Oct. 21 (msn.com) ExxonMobil (XOM) is nearing completion of its seismic data acquisition program offshore Trinidad and Tobago, marking a key milestone in the company’s first year of exploration activities under its production sharing contract, and is expected to drill an exploration well in 2028, Energy Minister Roodal Moonilal said Tuesday. With the seismic campaign... Continue Reading →
United Oil & Gas eyes billion-barrel Jamaican drilling targets as it maps out next steps
Oct. 20 (offshore-energy.biz) With more than a billion barrels of oil in its sights, Ireland-headquartered and AIM-listed United Oil & Gas (UOG) is laying the groundwork for its next offshore move to sweeten the pitch for prospective partners in the Caribbean, with a fresh study that maps out a double-digit rig pool, local logistics, and... Continue Reading →
FPSO P-82 sets sail towards Brazil
Oct. 20 (TN) On October 18, the FPSO P-82 departed from the Tuas Boulevard Yard in Singapore, bound for the Búzios field in the pre-salt region of the Santos Basin—the field with the largest reserves and production volume in Brazil. The P-82 is one of six giant FPSOs commissioned by Petrobras; with a nominal production... Continue Reading →