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Aug. 12 (OE) Borr Drilling reported lower revenue and adjusted earnings for the second quarter of 2026 as rig transitions, higher operating costs and delays getting the Odin to work weighed on results. The jack-up drilling contractor reported Q2 operating revenue of $232.3 million, down 6% from $247 million in the first quarter. Adjusted EBITDA... Continue Reading →
Aug. 11 (oilnow.gy) Two major offshore oil stories have unfolded on opposite sides of the Guyana-Suriname Basin, but the distance between discovery and production has been very different. Guyana went from the Liza discovery in May 2015 to first oil in December 2019, less than five years later. Its first final investment decision (FID) came in... Continue Reading →
Aug. 10 (offshore-energy.biz) Italian energy giant Eni has struck a deal with Texas-headquartered oil and gas company APA Corporation to acquire a stake in a block off the coast of Uruguay. APA has signed an agreement with Eni, enabling the Italian firm to become a strategic partner in Block 6 offshore Uruguay. As a result, the U.S.... Continue Reading →
Aug. 6 (PN) The Raia project, operated by Equinor in the Campos Basin pre-salt, has reached new milestones in its development phase. The company completed the installation of a 186-kilometer ultra-deepwater section of the gas pipeline that will connect the field to the coast of Rio de Janeiro, using pipes manufactured by Tenaris with 99%... Continue Reading →
Aug. 6 (Reuters) Angola's state-owned oil company Sonangol and concessionaire ANPG said on Thursday that the Katambi-2 offshore appraisal well crossed two productive intervals and confirmed good quality reservoirs. Initial tests recorded a stabilised production rate of 41 million standard cubic feet (MMscfd) of gas and 1,160 barrels a day (bpd) of condensate in the... Continue Reading →
Aug. 4 (oilnow.gy) The Stena Carron is carrying out exploration drilling at the Rockhead-1 prospect in Guyana’s Stabroek Block. According to a recent notice from the Maritime Administration Department (MARAD), drilling activities will conclude on August 31. “The Rockhead-1 is situated approximately 115.2 nautical miles (213.4 kilometers) off the Coast of Guyana and covers an... Continue Reading →
Aug. 4 (OE) Valaris has completed a two-well workover and completion campaign for BP offshore Trinidad, with its VALARIS 249 jack-up rig finishing the program nearly 17 days ahead of schedule. The company credited the performance of the VALARIS 249 crew for delivering the campaign safely. "I am extremely proud of the VALARIS 249 team's... Continue Reading →
Aug. 3 (offshore-energy.biz) Noble Corporation, a U.S.-based offshore drilling giant, has fitted one of its drillships with new equipment, reflecting its confidence in a strengthening offshore drilling market and busier years ahead for the global rig fleet. Noble has confirmed the installation of a stemless gate valve (SGV) on the Noble BlackHornet drillship. This technology, developed with Kinetic... Continue Reading →
Aug. 3 (oilprice.com) Middle East turmoil, centered on the U.S. war with Iran, is playing havoc with world energy markets. An ongoing dispute over access to the Strait of Hormuz, through which a fifth of world oil and natural gas supply is shipped, is causing prices to surge. This is a boon for South America's oil industry,... Continue Reading →
August 3, 2026 – Petróleo Brasileiro S.A. - Petrobras informs a new gas discovery in the Sandia-1 exploratory well, located in Block GUA-OFF-O in deep waters offshore Colombia. The Sandia-1 well is located approximately 42 kilometers from the coast, at a water depth of 1251 meters and 18 kilometers from the Sirius-1 (discovery) and Sirius-2... Continue Reading →
Brazil Energy Insight 