Category: Offshore production

Petrobras expanding local content expectations beyond formal mandates – Rystad Energy

March 11 (oilnow.gy) Petrobras is expanding local content expectations beyond formal contractual mandates in Brazil, according to a February 19 Rystad Energy analysis. In January 2025, Petrobras had noted that Brazil’s local content law aims to boost investments and optimize the country’s exploration and production activities. Petrobras hailed the law as an important milestone for Brazil’s oil... Continue Reading →

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PRIO 2026 Reserves Certification

March 11 - PRIO S.A. (“Company” or “PRIO) informs to its shareholders and the market in general that it has published a new reserve certification report, prepared by DeGolyer & MacNaughton (“D&M”), dated January 1, 2026, which includes the reserves of the Polvo and TBMT (Bravo) cluster, Frade and Wahoo (Valente) cluster, the Albacora Leste field and the Peregrino field. Summary of reserves:... Continue Reading →

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Equinor Completes Lifting of Raia FPSO Modules

March 30 - Equinor has reached a significant milestone in the construction of the Raia FPSO (BM-C-33 project) with the completion of the lifting of modules at the Seatrium Angra dos Reis shipyard (formerly BrasFELS). In November 2025, the modules manufactured in Brazil were completed and shipped to Singapore, where they will be integrated into... Continue Reading →

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