Cade approves Petrobras’ entry into the Itaimbezinho block, reinforcing natural gas strategy in the Campos Basin

July 2 (cenarioenergia) - The Administrative Council for Economic Defense (Cade) has approved, without restrictions, Petrobras' entry into the Itaimbezinho exploration block, located offshore in the Campos Basin and contracted under the production-sharing regime. The transaction involves acquiring a 50% stake currently held by Equinor—a move that reinforces the Petrobras' strategy to expand its exploration... Continue Reading →

July 3, 2026 0

MODEC Advances Construction of Brazil-Bound Gato do Mato FPSO

July 2 (OE) MODEC has completed the forward hull section of floating production, storage and offloading (FPSO) vessel Gato do Mato, marking a key construction milestone for the Brazil-bound offshore production unit. The forward hull section, built at Sumitomo Heavy Industries Marine & Engineering's Yokosuka shipyard in Japan, has departed for China, where it will... Continue Reading →

July 2, 2026 0

Buzios Field surpasses 1.2 million barrels of oil pre day, new record just 3 days after reaching 1.1 barrels

July 1 - Just three days after reaching the milestone of 1.1 million barrels of oil per day last week, the Búzios field—located in the Santos Basin pre-salt—set a new production record. Last Friday (26), the field achieved an average daily production exceeding 1.2 million barrels of oil. This result was driven by the progress... Continue Reading →

July 1, 2026 0

SBM Offshore completes US$465 million financing of FSO Chalchi

Amsterdam, June 29, 2026 SBM Offshore announces it has signed the project financing of FSO Chalchi for a total amount of US$465 million.The project financing is provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation. The project financing will be drawn during... Continue Reading →

June 29, 2026 0

MODEC to Supply Mooring System for Coral Norte FLNG off Mozambique

June 25 (OE) Japanese offshore services company MODEC has secured a contract to supply a SOFEC internal turret mooring system for the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique, being developed by Eni and its partners. MODEC is collaborating with the Technip Energies-JGC joint venture on the project to support integration and... Continue Reading →

June 25, 2026 0

Baker Hughes to Supply Subsea Systems Azule Energy’s Field off Angola

June 25 (OE) Baker Hughes has secured a significant contract award from Azule Energy to supply subsea production systems for the Greater PAJ development offshore Angola. Under the agreement, Baker Hughes will provide deepwater horizontal tree systems for the ultra-deepwater greenfield project, as well as subsea control modules, intervention workover control systems and associated connection,... Continue Reading →

June 25, 2026 0

Búzios field breaks its own record, producing 1.1 million bpd

On June 23, the Búzios field, located in the Santos Basin pre-salt, reached a record average daily production of 1.1 million barrels of oil per day, surpassing the 1-million mark achieved in October 2025. As the country's largest field in terms of production and reserve volume, Búzios accounts for approximately one-third of all oil production... Continue Reading →

June 25, 2026 0

ASCO and N.V. Dordt Gateway form partnership to develop Suriname’s newest shorebase

June 24 - ASCO, a global logistics, materials management and operations specialist, has signed a Heads of Terms with N.V. Dordt Gateway to establish a strategic joint venture to support the development and operation of the Dordt Marine Support Base in Commewijne, Suriname. The agreement includes the formation of a joint operating company, Dordt Operations... Continue Reading →

June 24, 2026 0

TotalEnergies to begin new drilling in Suriname next year, executive says

June 24 (Reuters) - Energy producer TotalEnergies expects to begin a new well drilling campaign next year to extend its exploration targets in Suriname, the French company's vice president for exploration in the Americas said on Wednesday. TotalEnergies' largest development in Suriname, the $10.5 billion Gran Morgu offshore project, is ⁠set to begin oil output... Continue Reading →

June 24, 2026 0

Petronas Makes New Gas Discovery Offshore Suriname

June 24 (Reuters) Malaysia's state-controlled energy producer Petronas has made another gas discovery at offshore Block 52 in Suriname, the South American country's President Jennifer Simons said on Tuesday, while a company executive said the block's eight discoveries contain more than 1 billion barrels of oil equivalent. Suriname is seeking to follow neighbouring Guyana's transformation... Continue Reading →

June 24, 2026 0

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Category: Operators

Cade approves Petrobras’ entry into the Itaimbezinho block, reinforcing natural gas strategy in the Campos Basin

MODEC Advances Construction of Brazil-Bound Gato do Mato FPSO

Buzios Field surpasses 1.2 million barrels of oil pre day, new record just 3 days after reaching 1.1 barrels

SBM Offshore completes US$465 million financing of FSO Chalchi

MODEC to Supply Mooring System for Coral Norte FLNG off Mozambique

Baker Hughes to Supply Subsea Systems Azule Energy’s Field off Angola

Búzios field breaks its own record, producing 1.1 million bpd

ASCO and N.V. Dordt Gateway form partnership to develop Suriname’s newest shorebase

TotalEnergies to begin new drilling in Suriname next year, executive says

Petronas Makes New Gas Discovery Offshore Suriname

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