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March 12 (oilnow.gy) Global offshore rig activity remained steady at the start of 2026, with several new drilling contracts awarded, including a major fixture offshore Trinidad and Tobago. In a March 11 LinkedIn update, Westwood Global Energy Group said the offshore rig market maintained stable utilisation levels across the global fleet. The firm reported that... Continue Reading →
March 12 (oilnow.gy) Eco (Atlantic) Oil & Gas Ltd. announced on March 11, 2026 that it has signed a binding agreement to acquire the remaining shares of JHI Associates, Inc., a move that deepens the company’s exposure to offshore Guyana while adding a new exploration position in the North Falkland Basin. The Toronto-based exploration company... Continue Reading →
March 12th , 2026 – Exail, a leader in marine robotics technologies, announces the sale of its DriX H-9 Uncrewed Surface Vessel (USV) for civil offshore operations to a European client. The DriX H-9, equipped with a Multibeam Echosounder (MBES), Side Scan Sonar (SSS), Sub-Bottom Profiler (SBP) and magnetometer, will be deployed for offshore infrastructure... 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 11 (OE) Energy and marine consultancy ABL has been contracted to provide marine warranty survey services for marine operations and installation activities on ExxonMobil’s Hammerhead development offshore Guyana. The Hammerhead project is expected to be the seventh development in the Stabroek Block, located around 200 km offshore Guyana in water depths ranging from 850... Continue Reading →
March 10, 2026 – Exail is supplying over 70 acoustic transponders and integrated navigation suites for two major deepwater energy projects in Brazil and Angola. These contracts mark a significant milestone in the global adoption of Exail’s Long Baseline (LBL) subsea positioning technology, supporting subsea construction, offshore infrastructure installation, and survey operations in complex environments... Continue Reading →
March 11 (OE) The first gas injection on Petrobras’ P-78 floating production, storage and offloading (FPSO) unit has been achieved just 61 days after the vessel reached first oil on December 31, 2025. The milestone, achieved on March 2, 2026, marks the transition of the vessel toward full operational readiness and expands production capability at... Continue Reading →
March 6 - Petrobras accelerated the pace of its investments last year. In total, the company spent US$20.3 billion in 2025, a 22.2% increase compared to the previous year. Furthermore, this is the company's highest investment level since 2019. The value was also 9.7% above the forecast in the company's 2025-2029 business plan, remaining within... Continue Reading →
March 6 (OE) Viridien has kicked off the Charrua 3D multi-client seismic survey offshore Uruguay, marking a new phase of exploration activity in the country’s offshore basins. Data acquisition will be carried out by the vessel BGP Prospector, with the company applying seismic imaging technologies including time-lag full-waveform inversion (TLFWI) to produce high-resolution subsurface images.... 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 