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Aug 29 (Reuters) - Venezuelan interim President Delcy Rodriguez said on Saturday that an energy agreement with the U.S. would remain in force for 25 years, target an increase in crude output to 1.5 million barrels per day (bpd) and preserve the country's sovereignty over its natural resources. Rodriguez hailed the accord in a late-night address as... Continue Reading →
Aug. 27 (oilprice.com) The Trump administration is reportedly in active discussions with Venezuela’s interim government to acquire a direct U.S. ownership stake in key Venezuelan oil fields. According to senior U.S. officials cited by Axios, the talks involve equity stakes in a select group of high-yield fields containing approximately 90 billion barrels of proven crude—a transaction... Continue Reading →
Aug. 28 (OE) Floatel International has secured a letter of intent for its Floatel Triumph semi-submersible unit to provide Maintenance and Safety Unit (MSU) services offshore Brazil for four to eight months. The assignment is scheduled to start in the first quarter of 2027. The Floatel Triumph is a semisubmersible accommodation and construction support unit... Continue Reading →
Aug 27 (Reuters) - Brazil's oil export tax was thrown into uncertainty on Thursday after a local court ordered the suspension of the levy while the government's foreign trade chamber approved extending it for another 60 days. The conflicting moves leave the future of the 12% tax, which is being challenged by oil companies, unclear... Continue Reading →
Aug. 27(businesstimes.com.sg) Brazilian oil giant Petrobras and offshore and marine player Seatrium are discussing a potential tie-up to explore offshore solutions in natural gas, said Magda Chambriard and Chris Ong, the respective CEOs of Petrobras and Seatrium. They were speaking at a media briefing following the christening ceremony for two floating production storage and offloading... Continue Reading →
Aug 27 (Reuters) - French renewable energy company Voltalia has received authorization from Brazil's government to install a data center at the Pecem port complex in Ceara state, securing tax exemptions for the planned mega-project. Investment in the data center is expected to total 181.7 billion reais ($35.24 billion), Brazil's government said in a Wednesday statement.... Continue Reading →
Aug. 27 (OE) Singapore's Seatrium is preparing for the sailaway of two floating production, storage and offloading (FPSO) units for Brazil's Petrobras, with the P-80 and P-82 vessels scheduled to depart within weeks of each other. The two vessels were marked at a christening ceremony at Seatrium's Tuas Boulevard Yard in Singapore and will head... Continue Reading →
Aug. 26 - Halliburton announced that it has been awarded an integrated contract by bp for the initial appraisal campaign of the Bumerangue field in the Santos Basin. The contract includes a comprehensive suite of services designed to accelerate the appraisal campaign for bp’s discovery. The scope of work encompasses an integrated drilling services package... Continue Reading →
Aug. 26 (PN) -The Buzios field, located in the pre-salt layer of the Santos Basin, set a new record for natural gas exports in July. During that period, the asset reached an average of 10.8 million cubic meters per day, underscoring the expansion of production destined for the Brazilian market and the operational reliability of... Continue Reading →
Aug. 26 (OE) Petrobras has signed a two-year contract for the Normand Valiant construction support vessel (CSV), owned by Solstad Maritime (SOMA). The contract is expected to start in fourth quarter 2026 in direct continuation of the current agreement and subsequent class renewal. The vessel will provide accommodation services to support production activities on the... Continue Reading →
