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Aug. 7 (Reuters) Dutch oil and gas services company SBM Offshore raised its full-year core profit and revenue forecasts on Thursday, following a strong financial performance in the first half of 2025. The company, which provides floating production services to the offshore energy industry, sees directional earnings before interest, taxes, depreciation and amortization (EBITDA) of... Continue Reading →
Aug 6 (Reuters) - A possible partnership between BP and Petrobras to develop the British firm's oil and gas find in Brazil's pre-salt layer would hinge on carbon dioxide levels in the reservoir, three sources at the Brazilian state-run oil firm told Reuters. BP's Chief Executive Murray Auchincloss said on Tuesday that the firm would look to bring in... Continue Reading →
Aug 5 (oilprice.com) Malaysia’s Petronas is looking for buyers for its 50% stake in the Tartaruga Verde field in Brazil, eyeing proceeds of up to $1 billion, Bloomberg has reported, citing unnamed sources. The Malaysian major bought the stake in 2019 from Petrobras, which owns the other 50% of the field, which is located in the... Continue Reading →
(PN) Petrobras has begun drilling an adjacent well in the Sudoeste de Tartaruga Verde Block, in the Campos Basin pre-salt layer. The operation is being conducted by the Brava Star drillship, owned by Constellation, in a water depth of 733.5 meters. The adjacent well aims to test for oil or natural gas in an area... Continue Reading →
(offshore-energy.biz) Florida-headquartered marine environmental consulting firm CSA Ocean Sciences (CSA) and its Suriname subsidiary, CSA Suriname, have secured several projects for oil & gas operators in Suriname. Under the multi-year contracts for operators described as “major”, CSA will manage multiple environmental and social impact assessment (ESIA) programs offshore Suriname, mobilizing vessels of opportunity to perform field... Continue Reading →
(offshore-energy.biz) Norway-headquartered asset integrity management company Axess Group has won contracts with Singapore’s Seatrium to secure compliance with Brazilian standards for six floating production storage and offloading (FPSO) units set to work with Brazil’s state-owned energy giant Petrobras. The Norwegian player disclosed that it will assist Seatrium with Brazilian Regulatory Compliance (BRC) services for six... Continue Reading →
Aug 5 (Reuters) - BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes well for Equinor's nearby interests and strong appetite for an October auction of oil blocks in the region. Discoveries nearly two decades ago in the region, defined by vast deepwater fields under... Continue Reading →
By Rafael Clemente, Key Sales Account Manager, Castrol Castrol explains why subsea hydraulic systems will be integral as we look for proven, viable solutions that are commercially feasible and do the job Operators today face an unenviable challenge: deploying new technology in more complex locations while increasing uptime and reliability at the same time. The... Continue Reading →
August 4, 2025 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosures made on April 17, 2024, and April 25, 2024, announces that it has concluded today the transfer of its entire participation (100%) in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco Petróleo e Gás... Continue Reading →
August 4, 2025 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of July. Key: (1) At the Frade field, the gas compressor had a failure at the end of July, which has already been resolved, and production has... Continue Reading →
Brazil Energy Insight 