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Dec. 29 (OE) Deep Value Driller has agreed with Saipem to extend the bareboat charter for its seventh-generation drillship Deep Value Driller and to prolong the period during which Saipem may exercise an option to buy the vessel. Under the amended agreement, the parties have agreed to a firm 31-day extension of the charter through... Continue Reading →
Dec. 29 (OE) Petronas has completed drilling of the Caiman-1 exploration well in Block 52 offshore Suriname, marking the first well in its four-well 2025–2026 drilling campaign in the block. The Caiman-1 well was spudded on July 21, 2025 and safely plugged and abandoned on December 6, 2025. The well delivered encouraging results and represents... Continue Reading →
Dec. 23 (PN) The year ends with a new important milestone for Brazil's oil and gas sector. The country will close 2025 with 433 exploration blocks under contract, the highest number in history, according to data from the National Petroleum Agency (ANP). The best result until then had been recorded last year, when there were... Continue Reading →
Ded. 15 (OE) BW Energy has signed a long-term lease agreement for the Maromba drilling and wellhead platform, converting a short-term lease for the Super Gorilla class jack-up rig BW MAROMBA B into a project lease with Minsheng Financial Leasing (MSFL). The new agreement covers the rig purchase and all costs required to bring the... Continue Reading →
Dec. 12 (OE) Offshore drilling contractor Valaris has secured a multi-year contract with Shell for its VALARIS DS-8 drillship, which will be put to work offshore Brazil. The contract is expected to start in the first quarter of 2027, with an estimated duration of approximately 800 days. The total contract value for the VALARIS DS-8,... Continue Reading →
Singapore, 10 Dec 2025 – Seatrium Offshore Technology, the flagship offshore jack-up designer forSeatrium Group, has been awarded a repeat contract by International Maritime Industries (IMI), thelargest shipyard in the MENA region, for the supply of equipment and license for a LeTourneau Super116E Class Self-Elevating Drilling Unit (SE-MODU), Kingdom 4. This latest award follows the... Continue Reading →
Dec. 10 (OE) Rockhopper Exploration has taken a final investment decision (FID) on Phase 1 of the Sea Lion oil development north of the Falkland Islands, allowing the long-delayed project to proceed after securing financing commitments and regulatory approvals. Partner and operator Navitas Petroleum has also approved FID. Rockhopper said both boards have approved financing... Continue Reading →
Dec. 9 (oilnow.gy) Suriname’s long-discussed gas-to-shore ambitions are gaining new momentum following PETRONAS’ recent declaration of commerciality for the Sloanea field in Block 52. The Sloanea-1 discovery, drilled in 2020, is now confirmed as a commercially viable gas field following appraisal work and technical studies carried out over the past two years. PETRONAS holds an 80... Continue Reading →
Dec. 8 (Reuters) Petrobras could start producing at the Sudoeste de Tartaruga Verde block in about two years, Sylvia Anjos, the state-run oil firm's head of exploration and production, said on Friday. The firm made a discovery at the block, located in the country's Campos basin, in November. It was "brilliant," Anjos said on the... Continue Reading →
Nov 28 (Reuters) - Colombian state-run energy firm Ecopetrol will invest between 22 trillion and 27 trillion pesos ($5.88 billion-$7.21 billion) next year, it said late on Thursday, roughly in line with 2025 as it pledged "disciplined" capital allocation. Ecopetrol plans to drill between 380 and 430 development wells - 95% in Colombia and 5% in... Continue Reading →
Brazil Energy Insight 