São Tomé rejects bids from Brazil’s Petrobras and Nigeria’s Oranto after generous offshore oil auction fails to attract enough competition

July 16 (africa.businessinsider.com) An African island nation offered oil companies control of as much as 85% of three offshore blocks. Only two investors came forward. São Tomé and Príncipe has now reportedly rejected every bid submitted in its latest licensing round, delivering another setback to the Central African country’s decades-long search for a commercially viable... Continue Reading →

July 16, 2026 0

Equinor Completes Installation of Torpedo Piles for the Raia Project FPSO in the Campos Basin

July 15 - The Raia project has reached another milestone in its development schedule with the completion of the installation of the 24 torpedo piles that make up the mooring system for the FPSO to be used at the field. Jhordann Barrera, the Raia project’s SURF (Subsea, Umbilicals, Risers, and Flowlines) offshore operations manager, stated... Continue Reading →

July 16, 2026 0

Petrobras Postpones Bidding for Búzios 12 FPSO Construction

July 15 - Petrobras has extended the bid submission deadline for the Búzios 12 project FPSO ( P-91) by 180 days. The original deadline was September 9 of this year. Interested suppliers now have more time to prepare their offers, a move Petrobras believes will likely increase competition for the contract. The oil company chose... Continue Reading →

July 15, 2026 0

Petrobras rises as Unipec’s tanker dominance weakens

July 13 (splash247) The Brazilian state-controlled oil company Petrobras has emerged as one of the biggest gainers in the crude tanker market during the first half of 2026, as disruption in the Middle East shifted tanker demand towards Atlantic Basin crude flows. According to Poten & Partners’ Tanker Midterms report, Unipec retained its position as the... Continue Reading →

July 13, 2026 0

Bolivia says Petrobras may return to oil and gas production, help restructure YPFB

July 9 (Reuters) - Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras on its possible return to exploration and production in the country, while the company is also willing to help restructure state energy firm YPFB, Energy Minister ‌Marcelo Blanco said on Thursday. The government of President Rodrigo Paz is looking... Continue Reading →

July 10, 2026 0

Petrobras concludes acquisition of exploration block in São Tomé and Príncipe

July 9, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosure made on April 17, 2026, announces that it has concluded the acquisition of the interest in and operatorship for Block 3, located offshore São Tomé and Príncipe, in Africa. Upon completion of the transaction, the consortium is now composed of Petrobras... Continue Reading →

July 10, 2026 0

Markets Awaits Outcome of the Albacora FPSO Tender on July 27

July 8 (PN) After several postponements, Petrobras is expected to stick to the deadline for opening bid envelopes for the FPSO that will operate in the Albacora field revitalization project in the Campos Basin. The tender process, originally launched in March 2025, has faced several delays along the way. The current deadline for submitting proposals... Continue Reading →

July 9, 2026 0

Petrobras signs $58 million deal with Brazil regulator to bring wells into compliance

July 7 (Reuters) - Brazilian state-run oil firm Petrobras (PETR3.SA), opens new tab ‌signed an agreement with regulator ANP committing to bring 335 temporarily abandoned offshore wells into compliance with safety and environmental rules, ⁠both parties said in separate statements on Tuesday. Under the signed agreement, Petrobras will pay 300 million reais ($58.3 million) to ANP, and... Continue Reading →

July 8, 2026 0

Oceaneering Wins Offshore Brazil Contract with Petrobras for ROV Services

July7 (OE) Oceaneering International, Inc. has announced that its Brazilian subsidiary, Marine Production Systems do Brasil LTDA (MPS), won a contract from Petróleo Brasileiro S.A. (Petrobras) to deliver ROV services offshore Brazil. The award follows a competitive tender process. The contract term is four years and operations are expected to begin in 2027. Oceaneering will... Continue Reading →

July 8, 2026 0

Petrobras CEO sees oil settling in range of $72 to $75 per barrel

July 1 (Reuters) - Oil prices appear to have settled into a range of $72 to $75 a barrel, although the market has yet ‌to fully normalize and the conflict in the Middle East continues to create uncertainty, the chief executive officer of Brazil's state-run oil firm Petrobras told Reuters. Petrobras' decision to cut diesel prices for distributors,... Continue Reading →

July 3, 2026 0

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