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February 6, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that it has acquired a 42.5% stake in Block 2613, located offshore in the Republic of Namibia, Africa. The transaction was carried out in partnership with TotalEnergies, which also acquired 42.5% and will act as the operator of the block. The selling companies are Eight Offshore... Continue Reading →
Feb. 5 (OE) Stena Drilling’s Stena Evolution drillship has received the Abate (P+) notation from classification society DNV. The Abate (P+) qualifier confirms defined design and control of the vessel’s power generation systems, together with an emission and energy management system aligned with ISO 50001 principles. It also verifies the installation of technical and operational... Continue Reading →
Feb. 4 - The National Petroleum Agency (ANP) has authorized Petrobras to resume drilling in block FZA-M-059, in the Foz do Amazonas Basin, off the coast of Amapá. As a reminder, activity has been suspended since January 4th, following a loss of drilling fluid on the Foresea drillship ODN-II. In the official letter sent by... Continue Reading →
Feb. 4 (oilprice.com) Equinor posted lower earnings in the fourth quarter of 2025 compared with a year earlier, reflecting weaker liquids prices and impairment charges, even as the Norwegian energy major delivered record annual production and outlined measures to reinforce cash flow and competitiveness. Adjusted operating income for the quarter reached $6.2 billion, down from the same... Continue Reading →
Feb. 4 - SBM Offshore and ExxonMobil Guyana Ltd, an affiliate of Exxon Mobil Corporation, have completed the transaction related to the purchase of FPSO ONE GUYANA, ahead of the maximum lease term which would have expired in August 2027. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to... Continue Reading →
Feb 4 (Reuters) - Chevron and TotalEnergies are among the oil majors snapping up offshore blocks in West and Southern Africa as compelling geology, regulatory reforms, and the need to restock spur a hunt for the next Brazil. Companies are restocking their oil and gas assets given prospects for fossil fuel demand to stay higher for longer than predicted just a... Continue Reading →
Feb. 4 (PN) The Valaris DS-17 drillship has arrived in Rio de Janeiro to begin executing a new contract with Equinor in Brazil. The unit was contracted in 2024 for the exploration program of the Raia field in the Campos Basin. A total of six wells will be drilled. The agreement was signed after the... Continue Reading →
Feb. 3 (oilnow.gy) Data collected from new 3D marine seismic surveys across deepwater offshore blocks left unawarded or unresolved in Guyana’s first oil and gas auction will soon play a key role in establishing the country’s first Petroleum Data Repository. The Guyana government first signalled plans to operate a petroleum data repository in 2023, citing concerns that... Continue Reading →
Feb. 3 (TN) According to recent data released in the 2025 Production Consolidation Supplement of the ANP's Oil and Natural Gas Production Bulletin*, three FPSOs operated by MODEC are among the top 10 producers in Brazil. The FPSO Guanabara MV31 stood out as the leading oil and gas producer in 2025, maintaining the position it... Continue Reading →
Feb. 3 (TN) Shell Brasil Petróleo Ltda. (Shell Brasil), a subsidiary of Shell plc, has signed an agreement to sell a 20% stake in the Orca Project to Kuwait Foreign Petroleum Exploration Company (KUFPEC). Orca is a deepwater project in the pre-salt area of the Santos Basin. After the transaction is completed, Shell will remain... Continue Reading →
Brazil Energy Insight 