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PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general that, today, the Brazilian Institute of the Environment and Natural Renewable Resources (“Ibama”) has granted the Preliminary License (“LP”) of the Wahoo Field Production Development System and interconnection of the wells to the Frade FPSO.... Continue Reading →
Brazilian oil and gas company Brava Energia has connected two more wells at Atlanta field to the floating, production storage, and offloading (FPSO) unit, operating off Brazil, with the peak production expected to be reached in the coming months. The wells 2H and 3H have been connected to the Atlanta FPSO during the second week... Continue Reading →
by Ron Bousso - Reuters LONDON, July 18 - The high-stakes clash between Exxon Mobil and Chevron over a prized South American oilfield may be a sign of what’s to come in the oil and gas industry as competition for a shrinking pool of prime assets heats up. Chevron is set to finalize its $53 billion acquisition of... Continue Reading →
(Reuters) - Chevron can quickly proceed with its $53 billion acquisition of Hess (HES.N), opens new tab, after winning a landmark legal battle against larger rival Exxon Mobil, gaining access to the largest oil discovery in decades. Chevron CEO Mike Wirth's strategy to turn around his company's lagging performance hinges on the acquisition, one of the largest energy deals in the past decade.... Continue Reading →
(offshore-energy.biz) Switzerland-based offshore drilling contractor Transocean has secured a new batch of contracts and extensions in Australia, Norway, Ivory Coast, and Brazil for four floaters, encompassing two drillships and two semi-submersible rigs. While the rig owner’s backlog was $7.9 billion in the fleet status report from April 2025, the company’s total backlog is approximately $7.2 billion as of July 16,... Continue Reading →
(PN) Petrobras had to restart drilling the pioneer well (1-BRSA-1401D-RJS) in the Agua Marinha pre-salt layer of the Campos Basin. The new well, technically named 1-BRSA-1401DA-RJS, is in a water depth of 2,601 meters. The drilling is being carried out with the Deepwater Aquila drillship. In addition to the Agua Marinha activity, Petrobras drilled a... Continue Reading →
(offshore-energy.biz) Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has tucked a new construction milestone under its belt for a floating production, storage, and offloading (FPSO) unit destined for a sixth deepwater oil development project, operated by ExxonMobil Guyana, a subsidiary of the U.S. energy giant ExxonMobil, at... Continue Reading →
(offshore-energy.biz) As the offshore oil and gas exploration mission continues in Uruguay, the Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) is moving forward with its plans to make its assets drill-ready. To this end, the firm has confirmed the identification of prospects in one block and the ongoing preparation to embark... Continue Reading →
(PN) The Brazilian Environmental Institute (IBAMA) has granted Norwegian company Equinor the Installation License for the offshore section of the Raia Project gas pipeline, located in the Campos Basin. With the authorization, the company is now beginning work on installing the offshore gas pipeline, which will connect the FPSO Raia to the Cabiúnas unit in... Continue Reading →
(offshore-energy.biz) U.S. subsea engineering and applied technology firm Oceaneering International has secured a contract with an affiliate of U.S. energy major ExxonMobil to provide remotely operated vehicle (ROV) services and integrated solutions at an offshore block in Angola. Oceaneering Angola and Oceaneering Marine Technologies have been awarded a contract by Esso Exploration Angola (Block 15)... Continue Reading →
Brazil Energy Insight 