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PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following the best corporate governance practices, informs its shareholders and the market in general that, today, the Brazilian Institute of the Environment and Natural Renewable Resources (“Ibama”) has granted approval for the workover of wells in the Tubarão Martelo field including wells TBMT-10H and TBMT-4H, which had been... Continue Reading →
(Reuters) Oil giant Shell will pull out of three offshore gas projects in Colombia's Caribbean, it owns together with Colombia's state-run oil company Ecopetrol, the groups said on Thursday. Shell had acquired a 50% operating stake in Col 5, Purple Angel and Fuerte Sur deepwater blocs in 2020. "They no longer fit our strategic ambitions.... Continue Reading →
Rhino Resources, the operator of the petroleum exploration license (PEL85), and its partners have found oil in the Capricornus 1-X well in Orange Basin, offshore Namibia. The Capricornus 1-X well, spudded on February 17, using Noble Corporation’s Noble Venturer drillship, reached total depth on April 2, successfully penetrating the Lower Cretaceous target. The well found... Continue Reading →
(Reuters) Italian energy group Eni on Thursday reported a smaller than expected 11% yearly drop in adjusted net profit for the first quarter. Adjusted net profit came in at 1.41 billion euros ($1.60 billion) between January and March, down from 1.58 billion euros in the first quarter of 2024, but above an analyst consensus of... Continue Reading →
(offshore-energy.biz) Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shared its fleet activity for March. According to Prosafe, its fleet utilization rate for March 2025 was 52%, representing a slight decrease from the 57% rate reported for February. Safe Zephyrus was the busiest, operating at full capacity during March, achieving 100% commercial uptime. The... Continue Reading →
(offshore-energy.biz) U.S. offshore drilling contractor Noble Corporation has awarded Atlas Professionals with a crew management contract for its upcoming drilling campaign in Suriname. Under the deal, Atlas is slated to provide junior and expatriate crew for a drilling campaign to be carried out using the Noble Developer rig. Additionally, the firm will provide comprehensive logistics, training, and... Continue Reading →
(offshore-energy.biz) Dozens of workers have been treated for injuries following a fire on an oil platform off the coast of Brazil operated by the state-owned energy giant Petrobras. According to the Norte Fluminense Oil Workers’ Union (Sindicato dos Petroleiros do Norte Fluminense), a fire occurred on the platform PCH-1 in the morning of April 21, 2025, at... Continue Reading →
(Reuters) - Halliburton reported lower first-quarter profit on Tuesday, as a slowdown in North American drilling activity weighed on demand and the oilfield services provider recorded a $356 million pre-tax charge. The company's shares fell 4% in premarket trading following the results. Halliburton is the first of the Big Three U.S. oilfield services provider to report earnings as... Continue Reading →
(OE) US Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management (BOEM) to begin a public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf. “Launching the process to develop the 11th National Outer Continental Shelf Program marks a... Continue Reading →
(offshore-energy.biz) UK provider of remotely deployed subsea inspections, TSC Subsea, has secured a multi-year contract in Brazil for subsea phased array (SPA) inspection of circumferential welds on rigid subsea pipelines, covering both flowline and riser sections at depths of up to 3,000 meters. According to TSC Subsea, the contract, which will run from 2025 to... Continue Reading →
