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(OE) Texas-based oilfield services company Weatherford has secured a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside’s Mexican subsidiary. The multi-year contract includes MPD services for an initial eight wells with the potential to expand to 24 wells. As part... Continue Reading →
(offshore-energy.biz) Japan’s MODEC has delivered a structure that will form part of a floating production storage and offloading (FPSO) unit to be deployed to a project offshore Guyana operated by ExxonMobil, a U.S.-headquartered oil and gas giant. As reported by the Japanese player, the topsides modules for FPSO Errea Wittu arrived at the BOMESC yard in Tianjin, China. The... Continue Reading →
(offshore-energy.biz) France-headquartered energy giant TotalEnergies has started oil production from two subsea tie-back projects to existing floating production, storage, and offloading (FPSO) vessels off the coast of Angola. With the start-up of the Begonia and CLOV Phase 3 offshore projects, TotalEnergies is adding 60,000 barrels per day of oil production offshore Angola. The CLOV deepwater oil fields development project... Continue Reading →
Galp reported adjusted net income of €373 million in the second quarter of 2025, a 25% increase compared to the same period last year. The result was driven by increased oil and natural gas production in Brazil, as well as the performance of its sales division in international markets. Adjusted EBITDA at replacement cost (RCA)... Continue Reading →
(offshore-energy.biz) Australia’s oil and gas company Karoon Energy is on the lookout for a new Chief Executive Officer (CEO) and Managing Director (MD), who will take over from its current CEO/MD next year, as the firm prepares to shift its key corporate teams and roles to Brazil and the United States of America (USA). While... Continue Reading →
July 23, 2025 – Petróleo Brasileiro S.A. – Petrobras hereby informs that the Production Individualization Agreement (AIP) of the Jubarte Pre-Salt Shared Reservoir, located in the Campos Basin, has been approved by the National Agency of Petroleum, Natural Gas, and Biofuels (ANP). The Jubarte Pre-Salt Shared Reservoir comprises: an area of the Jubarte Field (BC-60)... Continue Reading →
(Reuters) - Exxon Mobil has begun negotiations with the Trinidad and Tobago government to explore for oil and gas in up to seven deepwater blocks off the East Coast of the Caribbean country, which the top U.S. oil producer left more than two decades ago, two sources close to the talks told Reuters. The areas Exxon... Continue Reading →
(Reuters) - Halliburton reported about 33% fall in profit for the second quarter on Tuesday, hurt by weak demand for its oilfield services in North America, Saudi Arabia and Kuwait. The company had flagged a second-quarter earnings impact from President Donald Trump's tariffs and lower oilfield activity in North America as producers evaluated drilling and completions at weak... Continue Reading →
(Reuters) Chevron’s imminent entry into Guyana’s rich offshore oilfields solves one of the biggest problems dogging the U.S. major: where its growth will come from beyond the next few years. On Friday, the U.S. oil producer closed its $55-billion acquisition of Hess - among the largest ever oil and gas deals - and gained the... Continue Reading →
(Reuters) Portugal's Galp Energia on Monday raised its core profit target for the full year after a better-than-expected performance in the second quarter and said it expects to find a partner to develop a promising oil discovery offshore Namibia. Shares were up 2.5% in Monday mid-morning trading. Galp raised its target for adjusted earnings before... Continue Reading →
Brazil Energy Insight 