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Oct 2 (Reuters) - BP will seek a partner for its major Bumerangue oil discovery in Brazil and could close a deal before making a final investment decision on the project, the oil major's country head said on Thursday. The British company, which currently holds 100% of the block, in August announced that Bumerangue was its largest oil... Continue Reading →
Oct. 2 (offshore-energy.biz) Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has strengthened ties with Cognite, an industrial AI software-as-a-service (SaaS) company, and SLB, a U.S.-headquartered technology player, to create an enhanced artificial intelligence (AI) blueprint envisioned to bolster operational efficiency and fuel further innovation in floating production systems. In... Continue Reading →
Oct. 1 - The ANP released the Monthly Oil and Natural Gas Production Bulletin for August 2025, which provides consolidated national production data. Total production (oil + natural gas) was 5.084 million barrels of oil equivalent per day (boe/d), maintaining the level above 5 million boe/d, reached for the first time in July. Regarding oil,... Continue Reading →
Oct. 2 - Offshore drilling contractor Transocean has secured two contract extensions with Petrobras and bp for two of its ultra-deepwater drillships. In aggregate, the extensions represent approximately $243 million in firm contract backlog. In Brazil, Petrobras exercised a 30-day option for the Deepwater Mykonos in direct continuation of its firm program. The extension is... Continue Reading →
Oct. 1 - The National Energy Policy Council (CNPE) approved, this Wednesday (October 1st), a resolution establishing guidelines for the inclusion of oil and natural gas exploration blocks under the production-sharing regime located beyond 200 nautical miles, in accordance with the Brazilian Continental Shelf Survey Plan (Leplac). The decision represents a regulatory milestone for the... Continue Reading →
Sept 30 (Reuters) - The construction of a flagship pipeline to transport oil output from Argentina's Vaca Muerta shale region to the coast is 35% complete, the country's head of energy, Daniel Gonzalez, said at a conference on Tuesday. The 437-kilometer Vaca Muerta South pipeline by a holding company led by state-controlled YPF will connect Argentina's most important... Continue Reading →
Oct. 1 (PN) The board of the National Energy Policy Council (CNPE) this Wednesday (1st), approved a resolution that defines minimum local content rates for offshore support vessels built in Brazil. Under the new rule, projects must achieve at least 60% local content and at least 50% in two of the three investment groups: engineering;... Continue Reading →
Oct. 1 (OE) Saipem has completed the first complex subsea structure ever built in Guyana, set for deployment at ExxonMobil’s Uaru field, marking a key milestone in the development of the Country's industrial capabilities in the subsea sector. This is the Pipeline End Termination (PLET), a terminal structure installed at the end of a subsea... Continue Reading →
Oct. 1 - French tubular solutions supplier Vallourec has secured a new order from Petrobras for its Submagnético Free Flow oil country tubular goods (OCTG) solution designed to prevent inorganic scaling in production strings. The order covers the production and installation of more than 30 units, to be delivered and installed in Brazil’s offshore pre-salt... Continue Reading →
Sept. 30 - After departing the Benoi shipyard in Singapore on July 13th, the FPSO P-78 arrived today, September 30th, at the Búzios Field, in the pre-salt layer of the Santos Basin. The unit will now be connected to the wells to begin production shortly. The Búzios Field is located in ultra-deep waters of the Santos Basin at depths of up to 2,100... Continue Reading →
Brazil Energy Insight 