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July 31 (PN) Petrobras is very close to completing a key stage of its exploration campaign in the promising FZA-M-059 block, located in the Foz do Amazonas Basin within the Equatorial Margin. The company's Director of Exploration and Production, Sylvia Anjos, revealed on Thursday (30)—during the Sergipe Oil & Gas 2026 event—that the drillship is... Continue Reading →
July 31 (Reuters) Dutch geological data specialist Fugro said on Friday the offshore wind downturn has yet to bottom out and that a recovery was not expected before 2027, sending its shares down around 10%. The company said uncertainty remained high due to weak offshore wind markets and the conflict in the Middle East, adding... Continue Reading →
July 31 (OE) DOF Group has secured long-term contract extensions with Petrobras for the Skandi Buzios and Skandi Recife pipelay support vessels (PLSVs), extending both contracts into January 2028. Following negotiations with Petrobras, Skandi Buzios was awarded a 516-day extension, while Skandi Recife secured a 550-day extension, DOF said. The contracts had previously been due... Continue Reading →
July 30 (investnews.com.br) A recent decision by CARF (Administrative Council of Tax Appeals) overturned a tax claim of approximately R$ 400 million against Petrobras and set a precedent for other oil companies operating offshore platforms—including those in Brazil's pre-salt fields, where production takes place entirely at sea. The ruling was announced earlier this week. The... Continue Reading →
July 30 (oilnow.gy) Saipem has identified its subsea contract for ExxonMobil Guyana’s Longtail development as one of its largest contract awards during the second quarter of 2026, according to the company’s first-half results released on July 27. The award was listed alongside other major offshore contracts secured by Saipem during the quarter, including projects in Angola and... Continue Reading →
July 28 (OE) Demand for high-capability offshore support vessels for floating offshore wind is expected to strengthen in the late 2020s, with availability constraints emerging in some segments as early as 2029, according to a new report from ABS. Produced by ABS in collaboration with Intelatus Global Partners, Floating Offshore Wind and the Vessels That Support... Continue Reading →
July 28 (OE) Seatrium has received Approval in Principle (AiP) from Bureau Veritas Marine & Offshore for its 30 MW Floating Data Centre (FDC) concept, marking a milestone in the development of offshore digital infrastructure designed to support growing demand for artificial intelligence and cloud computing. The concept features a jetty-moored, non-propelled barge incorporating six... Continue Reading →
July 28 (splash247) Offshore driller Noble posted a $37m net loss for the second quarter of 2026 after operational suspensions affecting two rigs in Brazil weighed on revenue and utilisation. The quarterly loss compared with net income of $121m in the first quarter. Contract drilling services revenue fell to $679m from $743m in the previous... Continue Reading →
July 28 (Reuters) - Saipem cut its 2026 core earnings forecast on Tuesday, sending shares in the Italian oilfield services group down more than 8% as disruption linked to the Gulf conflict drove up costs and created logistical challenges. The Milan-based group now expects adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of €1.75 billion... Continue Reading →
July 26 (Reuters) - Baker Hughes reported a stronger-than-expected second quarter as the oilfield services and energy technology company benefitted from brisk demand for LNG equipment, gas infrastructure and power generation projects tied to growing electricity needs. Earnings per share were 64 cents, topping analysts' expectations compiled by LSEG of 50 cents. Adjusted earnings before interest,... Continue Reading →
