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Jan 20 (Reuters) - Brazilian state-run oil firm Petrobras and its logistics subsidiary Transpetro on Tuesday signed contracts with shipyards for five gas carriers, 18 barges and 18 pushers, for 2.8 billion reais ($521 million). The companies made the deal official at an event in Brazil's southern Rio Grande do Sul state. Brazilian President Luiz Inacio... Continue Reading →
Jan. 21 (OE) Offshore drilling contractor Seadrill has secured multiple contract awards for its West Capella, West Elara and West Carina drilling rigs across Malaysia, Norway and Brazil. In Malaysia, the ultra-deepwater drillship West Capella secured a well-based contract with an undisclosed operator. The program is expected to start in the second quarter of 2026... Continue Reading →
Veolia and SBM Offshore have signed a Memorandum of Understanding to develop and deploy innovative freshwater floating production units (FPUs), combining advanced reverse osmosis desalination technology with proven offshore engineering expertise to offer a sustainable, ocean-based solution to address global water demand. As water scarcity increasingly impacts business continuity and regional stability, securing reliable freshwater... Continue Reading →
Jan. 19 (OE) DOF Group has secured a large turn-key contract by MODEC Guyana to carry out mooring pre-lay work for the Hammerhead floating production, storage and offloading vessel (FPSO) unit, set for deployment at ExxonMobil’s project offshore Guyana. Under the contract, DOF’s North America subsea team will deliver project management, engineering, procurement, logistics, transportation... Continue Reading →
Jan. 16 - Vessels Contracted by Saipem Are Already En Route to the Campos Basin to Begin Construction of Gas Pipeline Spliethoff, a company based in Amsterdam, has been contracted by the Italian company Saipem to provide engineering, drilling, and construction services for the Raia project gas pipeline in the Campos Basin. The Dutch company... Continue Reading →
Jan. 15 (OE) Offshore seismic services firm Shearwater Geoservices has secured a contract for a large 3D seismic acquisition program for ExxonMobil Trinidad and Tobago Deepwater. The deepwater survey offshore Trinidad and Tobago will cover approximately 6,000 square kilometers of full-fold area. The acquisition is scheduled to commence in the first quarter of 2026 and... Continue Reading →
Jan. 14 (OE) Eco (Atlantic) Oil & Gas has started discussions with the Government of Guyana regarding the continuation of its appraisal and exploration program on the offshore Orinduik Block, following the expiry of the license’s second renewal term. The Orinduik license reached the end of its second renewal term on January 14, 2026. Eco... Continue Reading →
Jan. 14 - The Tupi/Iracema field, located in the pre-salt layer of the Santos Basin, reached a production of 1 million barrels/day this Friday (January 9th), repeating the historic mark first achieved in 2019. This result aligns with Petrobras' new 2026-30 Business Plan, which foresees an increase in oil and gas production through the management... Continue Reading →
Jan. 13 (oilnow.gy) Guyana is preparing for its next major step in offshore oil production with the Uaru development, ExxonMobil’s upcoming project in the Stabroek Block. Rather than opening a new frontier, Uaru deepens production in an already proven basin. The project is built around scale. More than 800 million barrels of recoverable oil are... Continue Reading →
Jan. 13 (oilprice.com) Last year, upstream oil investment was projected to have declined 2.5% Y/Y to $420 billion after low oil prices put pressure on producers and slowed expansion plans. Companies across the industry continued to prioritize profitability, free cash flow, and debt reduction over aggressive production growth, a trend reinforced by macro uncertainty. The decline was... Continue Reading →
Brazil Energy Insight 