Baker Hughes Expands Integrated Well Construction Contract with Petrobras

May 27 (OE) Baker Hughes announced Tuesday a major contract extension with Petrobras to provide integrated solutions for well construction across Brazil’s Santos Basin. Baker Hughes will expand the company’s comprehensive well construction operations in several of the basin’s oilfields. The company’s advanced portfolio – including the AutoTrak™ rotary steerable system, cutting-edge logging-while-drilling tools, and... Continue Reading →

May 27, 2026 0

Exclusive: Occidental takes 10% stake in Exxon deepwater block offshore Trinidad, sources say

May 26 (Reuters) - Occidental Petroleum is acquiring a 10% ‌stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter. Exxon was previously the sole owner of the large offshore block, known as UD(1), which lies in water depths of 2,000 to 3,000 meters and was first acquired... Continue Reading →

May 26, 2026 0

ExxonMobil’s Longtail development outlines layered safeguards for marine protection offshore Guyana

May 25 (oilnow.gy) ExxonMobil proposed Longtail development will incorporate multiple environmental safeguards aimed at reducing impacts on marine ecosystems, water quality, and coastal resources offshore Guyana, according to the project’s Environmental Impact Assessment (EIA) published by the Environmental Protection Agency (EPA) in March. The mitigation and monitoring approaches proposed for Longtail build on environmental management systems and... Continue Reading →

May 25, 2026 0

Staatsolie says investor confidence supported GranMorgu funding deal

May 19, (oilnow.gy) Staatsolie secured more than US$2 billion in financing in 2025 to fund its 20% participation in Suriname’s GranMorgu offshore oil development, according to Managing Director Annand Jagesar. In a message published in the company’s 2025 Annual Report released on May 15, Jagesar said Staatsolie raised US$516 million through the Staatsolie Bond 2025-2033 and secured... Continue Reading →

May 19, 2026 0

Petrobras decides to develop Aram discovery in Santos, says president

May 15 - Petrobras has decided to develop the Aram discovery in the pre-salt layer of the Santos Basin, said Petrobras president Magda Chambriard this Friday (15). The company expects to have at least two producing wells by 2030, said the executive, in a press conference to discuss the company's investments in the state of... Continue Reading →

May 16, 2026 0

ExxonMobil evaluating Guyana discoveries in waters nearing 3,000 meters

May 13 (oilnow.gy) ExxonMobil Guyana is evaluating discoveries in offshore waters approaching 3,000 meters deep as the company moves beyond the large oil projects that drove the first phase of development in the Stabroek Block. ExxonMobil Guyana Development Manager Kyle Countryman discussed the deeper-water prospects during a panel session at the Offshore Technology Conference (OTC)... Continue Reading →

May 13, 2026 0

Seadrill’s Backlog Reaches $3.1B with $860M in New Rig Deals

Seadrill has secured more than $860 million in new contract backlog since February fleet status report, driven by offshore drilling awards and extensions in Brazil, the U.S. Gulf and Angola, lifting its total contract backlog to about $3.1 billion. The offshore drilling contractor said recent awards included a three-year extension for the West Polaris drillship... Continue Reading →

May 11, 2026 0

Ventura Offshore Picks Weatherford for Búzios Field MPD Operations

May 8 (OE) Energy services company Weatherford has been awarded a managed pressure drilling (MPD) contract by Ventura Offshore for operations aboard the SSV Victoria semi-submersible drilling rig offshore Brazil. The contract covers operations in Petrobras’ Búzios Field and includes delivery of Weatherford’s G3 Integrated Riser Joint MPD system, along with rig preparation, system integration... Continue Reading →

May 8, 2026 0

PRIO 1Q26 Earnings Release

May 5, 2026 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) announces its earnings for the first quarter of 2026. HIGHLIGHTS OF THE PERIOD Click here for the Earnings Release.

May 6, 2026 0

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 →

May 1, 2026 0

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