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June 15 - OceanPact has signed a R$ 443.7 million contract with Petrobras to perform specialized services for the removal and recovery of flexible pipelines as part of the decommissioning of offshore production units. The work will be carried out on the risers of the P-18 platform, located in the Marlim Field, Campos Basin. The... Continue Reading →
June 12 (Reuters) - Brazilian refineries sold over 100 million liters of naphtha to a firm investigated in an alleged fraud scheme involving a criminal gang designated by the U.S. as a terrorist organization, according to a person close to the matter and documents seen by Reuters. One major supplier was Riograndense, a refinery in... Continue Reading →
June 11 (offshore-energy.biz) Brazilian state-owned energy heavyweight Petrobras has initiated a revenue stream with the first oil offloading from its eighth floating production, storage and offloading (FPSO) unit, which is working at a field in the Santos Basin off the coast of Brazil. Following its departure from Hanwha Ocean’s South Korean shipyard in Geoje in November 2025,... Continue Reading →
June 11 - Ocean Installer, a wholly owned subsidiary of Moreld ASA, has been contracted by Equinor to execute the well tie-in scope for the Bacalhau field in the Santos Basin. The contract is for 4.5 years, with options for extension and rigid jumper fabrication. The scope includes the installation of rigid well jumpers between... Continue Reading →
June 11 (OE) SLB has signed a long-term framework agreement with Venezuela's state oil company PDVSA to support the modernization and development of the country's oil and gas sector. The memorandum of understanding establishes a framework for cooperation across exploration, field development, production, digital enablement, and workforce training and development. The companies said the collaboration... Continue Reading →
June 10, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has entered into an agreement with Equinor Brasil Energia Ltda. (Equinor) for the acquisition of a 50% interest in the Itaimbezinho block, in the offshore area of the Campos Basin. Equinor currently holds a 100% interest in the Itaimbezinho block and, upon completion... Continue Reading →
June 10 (OE) Shell and its partners QatarEnergy and Namibia's national oil company NAMCOR have reported encouraging results from the Merlin-1X exploration well in Petroleum Exploration License 0039 (PEL 0039) offshore Namibia, with the well delivering the most promising subsurface results to date in the license area. Merlin-1X, the tenth well drilled under the license... Continue Reading →
June 10 (OE) TGS has signed an agreement with Equatorial Guinea's Ministry of Hydrocarbon and Mining Development to create a large-scale offshore multi-client seismic dataset, marking the first phase of what is planned to become a nationwide MegaSurvey covering the country's offshore basins. The initial phase of the project will include post-stack reprocessing of approximately... Continue Reading →
June 9 (Reuters) - U.S. oil major Exxon Mobil on Tuesday reported $4.67 billion in profit from its Guyana operations in 2025, slightly lower than the previous year when oil prices were weaker. Exxon leads the consortium that produces all of Guyana's oil output and currently produces more than 900,000 barrels per day from the country.... Continue Reading →
June 8 (oilnow.gy) Going back to Venezuela might be a stretch for big oil with other more attractive places nearby like Guyana. That was the assessment from Texas-based energy attorney Ted Borrego in an S&P Global article published May 20, as analysts weighed whether Venezuela’s planned debt restructuring could eventually reopen the door to major... Continue Reading →
