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Sept. 18 (OE) The high-specification ultra-deepwater drillship Tidal Action, owned by Hanwha Ocean, has started its maiden contract with Petrobras at Roncador field, offshore Brazil. The Tidal Action arrived in the Guanabara Bay in Rio de Janeiro on July 7, 2025, and has now been deployed to the Roncador field in the Campos Basin offshore... Continue Reading →
Sept. 18 (Reuters) An auction of deepwater oil and gas exploration and production blocks in Trinidad and Tobago has failed to attract significant interest from foreign investors, with bids submitted for just four of the 26 areas on offer. The bidding round closed on Wednesday with bids from China's CNOOC for three areas and a... Continue Reading →
Sept. 17 (PN) OceanPact has signed a contract worth over R$1 billion with Trident Energy of Brazil to perform offshore decommissioning services under the EPRD (Engineering, Preparation, Recovery, and Final Disposal) model. The project covers the subsea infrastructure of the remaining production systems of the P-07, P-12, and P-15 platforms in the Campos Basin, with... Continue Reading →
Sept. 17 (PN) This week, Petrobras received a preliminary license from the Brazilian Institute of the Environment (IBAMA) for Stage 4 of the Santos Basin. The project aims to further expand the production and transportation of oil and natural gas from the pre-salt layer. The project involves the installation and operation of 10 platform ships,... Continue Reading →
Sept. 17 (OE) Baker Hughes has signed a multi-year contract with Petrobras to extend deployment of its Blue Marlin and Blue Orca stimulation vessels, supporting offshore oil and gas production in Brazil’s post and pre-salt fields. The award, which followed an open tender, also covers the supply of associated chemicals and services. The vessels will... Continue Reading →
Sept. 16 (OE) Perenco has started active field reactivation program for the Cherne and Bagre fields in Campos Basin, acquired from Petrobras earlier in 2025, helping meet the industry’s mature field challenges and unlocking in excess of 50 mmstb of reserves. The multi-dimensional, two-year, reactivation program was designed to be executed in three linked stages... Continue Reading →
September 15, 2025 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general that, on this date, the Brazilian Institute of the Environment and Natural Renewable Resources (“Ibama”) has granted the Installation License (“LI”) of the Wahoo Field Production Development System and interconnection of... Continue Reading →
Sept. 15 (PN) Tenaris announced the award of a contract to supply 18,000 tons (115 km) of seamless pipe for risers and flowlines for the FPSO P-83 (Búzios 11) production system. The agreement also includes the delivery of TenarisShawcor thermal insulation coatings. The seamless pipes will be produced at Tenaris' manufacturing center in Dalmine, Italy.... Continue Reading →
Sept. 15 (Reuters) BP's recent discovery of a giant oilfield offshore Brazil has reignited investor enthusiasm, echoing the aggressive exploration era two decades ago when companies were thirsty for resources amid fears the world was running out of oil. The announcement of the Bumerangue discovery, described by CEO Murray Auchincloss as BP's most significant in... Continue Reading →
Sept. 12 (PN) British oil company BP restructured its portfolio of exploration assets in Brazil shortly after announcing its largest discovery in 25 years, in the Bumerangue block in the Santos Basin pre-salt layer. The company returned the Pau Brasil block, also in the Santos Basin, to the federal government after the exploration campaign indicated... Continue Reading →
Brazil Energy Insight 