KOIL Energy Lands First Brazil Subsea Maintenance Job

July 24 (OE) KOIL Energy has secured its first contract in Brazil for subsea umbilical maintenance services, marking the company's entry into the world's largest deepwater offshore market. The contract covers the re-termination and testing of subsea umbilical components, including chemical injection and hydraulic control lines, as well as electrical cables. KOIL said it will... Continue Reading →

Brazil’s Oil Boom Is Accelerating as Asian Buyers Flee the Middle East

July 22 (oilprice.com) Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran and Washington disrupting traffic in the Strait of Hormuz, through which a fifth of global hydrocarbon supplies are shipped. This has sparked greater demand for Brazil’s... Continue Reading →

Latin American momentum grows: Chevron’s Uruguay extension buys time for seismic work as Sintana pursues permit offshore Argentina

July 21 (offshore-energy.biz) Canada-headquartered oil and natural gas exploration player Sintana Energy has shed light on the latest activities in Latin America, confirming the advancement of its offshore plans in Argentina and an extension for the Chevron-operated block off the coast of Uruguay. According to Sintana, the National Administration of Fuels, Alcohol and Portland Cement... Continue Reading →

Halliburton beats estimates on Europe, Latin America oilfield services demand

July 21 (Reuters) - Halliburton edged past Wall ​Street estimates for second-quarter profit on Tuesday as gains in its other international markets ‌offset declines in the Middle East, but shares fell 4.3% in premarket trading on subdued demand in North America. The Middle East conflict has dominated energy markets this year as repeated flare-ups keep a crucial oil-producing... Continue Reading →

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