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April 6 (OE) Offshore drilling contractor Seadrill has secured a 1,095-day contract extension for the West Polaris drillship with Petrobras offshore Brazil, adding about $480 million to its backlog. The extension will see the ultra-deepwater drillship continue operations at the Búzios field in the Santos Basin, with the new term expected to begin in January... Continue Reading →
April 6 (OE) Offshore drilling firm Ventura Offshore has secured contract extensions for two offshore units operating in Brazil, adding more than $600 million in backlog. The company said the SSV Victoria semi-submersible rig was awarded a 1,455-day extension of its current contract with Petrobras, expected to contribute approximately $466 million in additional backlog. The... Continue Reading →
April 2 - Transocean announced new contracts and extensions adding approximately US$1 billion to its project portfolio, with notable agreements signed with Petrobras. The Deepwater Orion drillship had its contract extended by 1,095 days with the Brazilian oil company. This extension should add approximately US$420 million to Transocean's portfolio and will keep the unit contracted... Continue Reading →
March 30 - Brava Energia announced today that it has kicked off a campaign to drill four new wells, two in the Papa-Terra field, in the Campos Basin, and two in the Atlanta field, in the Santos Basin. The activities will be carried out with the Lone Star semi-submersible drilling rig, operated by Constellation, with... Continue Reading →
March 27 (Reuters) - Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston this week, ending years of underinvestment in exploration. In recent years, the shale revolution in the U.S. promised abundant, flexible supply, while growth... Continue Reading →
March 27 - Petrobras announced the renewal of the operating license from the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) for drilling the Mãe de Ouro well, which is located in deep waters in the Potiguar Basin. The license allows the drilling of three wells: Mãe de Ouro, Inhame, and Taianga. The wells... Continue Reading →
March 26 - Foresea has signed a long-term contract with Petrobras, valued at approximately US$465 million, for the operation of the ultra-deepwater drillship ODN I at the pre-salt Mero Field in the Santos Basin. The contract is valid for 1,443 days (approximately 4 years). The drillingcampaign is scheduled to begin in early 2027, shortly after... Continue Reading →
March 26, 2026 - Petróleo Brasileiro S.A. – Petrobras has identified the presence of excellent-quality oil in the pre-salt of the Campos Basin, through an exploration well drilled in the Marlim Sul Field. Well 3-BRSA-1397-RJS is located 113 km offshore, in the municipality of Campos dos Goytacazes (RJ), in 1,178 meters of water depth. The... Continue Reading →
March 25 (offshore-energy.biz) As the industry’s shift from automation-assisted drilling to repeatable, scalable well construction automation continues, the U.S.-headquartered oilfield services player Halliburton has tucked a new milestone under its belt by pooling resources with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team to advance digital well construction off the coast of Guyana. The... Continue Reading →
March 24 - Constellation Oil Services, the largest offshore oil well drilling company in Brazil, presented its financial results for 2025, a year marked by consistent advances in its operational and financial performance. The company recorded adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of US$233 million in 2025, 37% above the initial guidance... Continue Reading →
Brazil Energy Insight 