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April 22 (oilprice.com) U.S. intervention in Venezuela, with illegitimate President Nicolas Maduro snatched in a daring January 2026 night raid, opened the country's oil industry to foreign investment. While President Donald Trump is aggressively pushing for Big Oil to invest in Venezuela, energy majors are taking a more sober approach. Venezuela's heavily corroded oil infrastructure, responsible for a nationwide... Continue Reading →
March 31 (TN) SISTAC, a leader in the Brazilian market for inspection, maintenance, and repair of submerged structures for the oil and gas industry, announces that the company and Petrobras have signed a contract addendum extending the provision of services on platforms located in three basins—Santos, Campos, and Espírito Santo—for another year. Initiated in April... Continue Reading →
Maech 30 (Sinaval) Belov Engenharia has signed a total of eight contracts with Petrobras for chartering and providing shallow diving (up to 50 meters) and ROV services with DSV (Diving Support Vessels) type vessels, which will come into effect between the second half of 2026 and the second half of 2027. The signed contracts total... Continue Reading →
March 24 - SBM Offshore is pleased to announce it has been awarded contracts by ExxonMobil Guyana Limited, an affiliate of Exxon Mobil Corporation, to perform Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the Longtail development project in Guyana. The FEED contracts award triggers the... Continue Reading →
March 19, 2026 - PRIO S.A. (the “Company” or “PRIO”) (B3: PRIO3), in compliance with best corporate governance practices, hereby informs its shareholders and the market in general that it has opened the first producing well at the Wahoo Field. Following production stabilization and completion of fiscal metering procedures, the Company will release a further... Continue Reading →
March 18 (offshore-energy.biz) U.S.-headquartered energy technology giant Baker Hughes has won a multi-year deal with Brazil’s state-owned energy giant Petrobras to support critical turbomachinery equipment for the South American country’s offshore and refinery operations. The 60-month service award, for which an agreement was signed in February 2026 with Petrobras following an open tender process, will... Continue Reading →
March 11 (Reuters) - Colombia and Venezuela have agreed to repair a damaged section of a binational pipeline that will allow Bogota to import natural gas from its neighbor, Colombia's energy ministry said on Wednesday. The Antonio Ricaurte gas pipeline has been inactive for years. A roadmap for re-establishing operations was outlined in a meeting... Continue Reading →
March 11 - Brazilian engineering firm Oceânica Engenharia announced that it has signed long-term contracts with Petrobras worth approximately US$736 million. According to a statement, these new contracts increase Oceânica's order backlog to approximately R$12 billion. The contracts have a duration of four years. Operations are scheduled to begin in the first half of 2027... Continue Reading →
March 6 (electrek.com) Aikido Technologies has unveiled a concept that combines floating offshore wind turbines, battery storage, and AI data centers on a single platform. The offshore infrastructure company says its new platform, called AO60DC, is designed to co‑locate AI-grade computing directly with renewable energy generation at sea. Wind, batteries, and AI compute on one floating... Continue Reading →
March 5 (PN) SISTAC, which operates in the Brazilian market for inspection, maintenance, and repair of submerged structures for the oil and gas industry, announced that it has signed a contract with the Norwegian company BW Energy to perform subsea inspection services on the FPSO Cidade de Vitória, using the vessel SISTAC Esperança. The operations... Continue Reading →
Brazil Energy Insight 