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Oct. 22 (PN) Petrobras wasted no time in starting drilling the pioneer well in block FZA-M-59, in the Foz do Amazonas Basin, on the Equatorial Margin. The drilling, expected to last approximately five months, began on Monday (20), the same day that Ibama (Brazilian Institute of Environmental Protection) issued the environmental license authorizing the operation.... Continue Reading →
Oct. 16 (OE) A modular cable management system, designed by German-based supplier igus, has been implemented by offshore driller Seadrill to reduce downtime, cut maintenance costs and improve operational reliability on its drillships by replacing traditional service loops with a more durable and flexible alternative. On offshore oil rigs, keeping equipment running smoothly and avoiding... Continue Reading →
Oct.10 (offshore-energy.biz) Chevron Suriname Exploration, a subsidiary of U.S.-based energy giant Chevron, is preparing to embark on drilling activities off the coast of Suriname with a rig owned by Noble Corporation, an American offshore drilling giant. Chevron is set to drill the Korikori-1 exploration well this month, after receiving a permit for the drilling operations at the... Continue Reading →
Sept. 9 (OE) BW Energy has completed a $365 million project finance facility to fund the refurbishment and redeployment of the Maromba floating production, storage and offloading vessel (FPSO) to Brazil’s Maromba field. The loan, backed by China Export & Credit Insurance Corporation (Sinosure), was significantly oversubscribed and will cover around 80% of total project... Continue Reading →
(OE) Blue Water Suriname has secured rig agency and logistics contract for Noble Corporation’s Noble Developer rig, which is engaged on drilling operation for Petronas offshore Suriname. Blue Water team in Suriname will offer rig agency and the logistics and shorebase support Noble Developer, engaged in drilling operations in Block 52. Located strategically off the... Continue Reading →
(OE) Texas-based oilfield services company Weatherford has secured a significant contract to deliver Managed Pressure Drilling (MPD) services for the Trion project, a deepwater oil production project in Mexico operated by Woodside’s Mexican subsidiary. The multi-year contract includes MPD services for an initial eight wells with the potential to expand to 24 wells. As part... Continue Reading →
(offshore-energy.biz) Switzerland-based offshore drilling contractor Transocean has secured a new batch of contracts and extensions in Australia, Norway, Ivory Coast, and Brazil for four floaters, encompassing two drillships and two semi-submersible rigs. While the rig owner’s backlog was $7.9 billion in the fleet status report from April 2025, the company’s total backlog is approximately $7.2 billion as of July 16,... Continue Reading →
(Reuters) Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore Block 52 in Suriname, state company Staatsolie said in a release on Saturday. Petronas hired Noble Corp to drill the wells through the Noble Developer drilling platform, which arrived in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that it has been served in a lawsuit filed by Sete Brasil Participações S.A. and its subsidiaries (SPEs), seeking, in general terms, compensation for alleged losses related to the Drilling Rigs Project (“Projeto Sondas”). The amount unilaterally claimed by Sete Brasil in the lawsuit is R$ 36 billion. Petrobras... Continue Reading →
(Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a fifth week in a row to the lowest since November 2021, energy services firm Baker Hughes (BKR.O), opens new tab said in its closely followed report on Friday. It was the first time since September 2023 that the... Continue Reading →
Brazil Energy Insight 