São Tomé rejects bids from Brazil’s Petrobras and Nigeria’s Oranto after generous offshore oil auction fails to attract enough competition

July 16 (africa.businessinsider.com) An African island nation offered oil companies control of as much as 85% of three offshore blocks. Only two investors came forward. São Tomé and Príncipe has now reportedly rejected every bid submitted in its latest licensing round, delivering another setback to the Central African country’s decades-long search for a commercially viable... Continue Reading →

July 16, 2026 0

Longtail expected to support stronger subsea tree awards in second half of 2026

July 16 (oilnow.gy) ExxonMobil’s planned Longtail development offshore Guyana is among the major projects expected to support stronger global subsea tree contract activity during the second half of 2026. Westwood Global Energy Group on July 15 identified Longtail as a key future source of demand as offshore operators advance large developments requiring subsea production equipment. Subsea... Continue Reading →

July 16, 2026 0

Equinor Completes Installation of Torpedo Piles for the Raia Project FPSO in the Campos Basin

July 15 - The Raia project has reached another milestone in its development schedule with the completion of the installation of the 24 torpedo piles that make up the mooring system for the FPSO to be used at the field. Jhordann Barrera, the Raia project’s SURF (Subsea, Umbilicals, Risers, and Flowlines) offshore operations manager, stated... Continue Reading →

July 16, 2026 0

Petrobras Postpones Bidding for Búzios 12 FPSO Construction

July 15 - Petrobras has extended the bid submission deadline for the Búzios 12 project FPSO ( P-91) by 180 days. The original deadline was September 9 of this year. Interested suppliers now have more time to prepare their offers, a move Petrobras believes will likely increase competition for the contract. The oil company chose... Continue Reading →

July 15, 2026 0

Shell targets 2027 drilling at Venezuela’s key offshore gas field

July 14 (Reuters) - Shell has begun tendering for drilling services for its Dragon offshore gas project in eastern Venezuela, part of a plan to drill four wells ‌there beginning in the second quarter of 2027, according to two people familiar with the process. The contract is expected to be awarded by the end of September, the... Continue Reading →

July 15, 2026 0

Karoon Energy Restarts Well Production and Boosts Bauna Field Output to 22,000 bpd

July 14 - Karoon Energy announced the resumption of production from the PRA-2 well at the Baúna field following an intervention that restored the umbilical connection and power supply to the electric submersible pump (ESP). Consequently, total field production has reached approximately 22,000 barrels per day, including a contribution of around 8,600 barrels per day... Continue Reading →

July 14, 2026 0

Halliburton Secures Integrated Contracts for Drilling and Completion Services in Suriname

July 13 - Halliburton announced today (13) the signing of integrated contracts for well construction on the GranMorgu project—operated by TotalEnergies in the deep waters of Suriname. The agreement covers drilling and completion services for a long-term program and incorporates digital and automation solutions to enhance operational efficiency. "Securing these contracts demonstrates the value of... Continue Reading →

July 13, 2026 0

Study identifies major oil-generating sweet spot near Suriname’s Block 52

July 13 (oilnow.gy) A new basin modelling study has identified an area near Suriname’s Block 52 as the strongest oil-generating sweet spot along the Guyana-Suriname margin. GeoExpro published the study results on July 9, 2026. The research was conducted by Kenneth Shipper and Paul Mann of the University of Houston’s CBTH Project, along with Andrew Pepper of... Continue Reading →

July 13, 2026 0

TechnipFMC’s Subsea 2.0 system powers first oil at Brazil’s Wahoo project

July 13 (oilnow.gy) PRIO’s Wahoo project offshore Brazil has reached first oil using TechnipFMC’s Subsea 2.0® production system. TechnipFMC announced on July 13 via a LinkedIn post that the installation represents the first use of the technology in a Brazilian pre-salt field. “As a greenfield development enabled through a tie-back approach, Wahoo demonstrates how innovation can unlock... Continue Reading →

July 13, 2026 0

Uruguay’s Offshore Oil Province Could Be Bigger Than Vaca Muerta

CJuly 12 (oilprice.com) ompanies are gearing up for exploration drilling in deepwater blocks offshore Uruguay in the hope that the South Atlantic margin offshore South America could hold a lot of oil, similar to the recent discoveries offshore Namibia in Africa. Uruguay, with a limited exploration drilling history of three wells spudded, all dry,... Continue Reading →

July 13, 2026 0

Category: Offshore blocks

São Tomé rejects bids from Brazil’s Petrobras and Nigeria’s Oranto after generous offshore oil auction fails to attract enough competition

Longtail expected to support stronger subsea tree awards in second half of 2026

Equinor Completes Installation of Torpedo Piles for the Raia Project FPSO in the Campos Basin

Petrobras Postpones Bidding for Búzios 12 FPSO Construction

Shell targets 2027 drilling at Venezuela’s key offshore gas field

Karoon Energy Restarts Well Production and Boosts Bauna Field Output to 22,000 bpd

Halliburton Secures Integrated Contracts for Drilling and Completion Services in Suriname

Study identifies major oil-generating sweet spot near Suriname’s Block 52

TechnipFMC’s Subsea 2.0 system powers first oil at Brazil’s Wahoo project

Uruguay’s Offshore Oil Province Could Be Bigger Than Vaca Muerta

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