Brought to you by Quest Offshore & Southern Cone Consultants
March 27 (Reuters) - Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston this week, ending years of underinvestment in exploration. In recent years, the shale revolution in the U.S. promised abundant, flexible supply, while growth... Continue Reading →
March 27 - Petrobras announced the renewal of the operating license from the Brazilian Institute of Environment and Renewable Natural Resources (Ibama) for drilling the Mãe de Ouro well, which is located in deep waters in the Potiguar Basin. The license allows the drilling of three wells: Mãe de Ouro, Inhame, and Taianga. The wells... Continue Reading →
March 26 - Foresea has signed a long-term contract with Petrobras, valued at approximately US$465 million, for the operation of the ultra-deepwater drillship ODN I at the pre-salt Mero Field in the Santos Basin. The contract is valid for 1,443 days (approximately 4 years). The drillingcampaign is scheduled to begin in early 2027, shortly after... Continue Reading →
March 25 (offshore-energy.biz) As the industry’s shift from automation-assisted drilling to repeatable, scalable well construction automation continues, the U.S.-headquartered oilfield services player Halliburton has tucked a new milestone under its belt by pooling resources with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team to advance digital well construction off the coast of Guyana. The... Continue Reading →
March 24 - Constellation Oil Services, the largest offshore oil well drilling company in Brazil, presented its financial results for 2025, a year marked by consistent advances in its operational and financial performance. The company recorded adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) of US$233 million in 2025, 37% above the initial guidance... Continue Reading →
March 24 (OE) Dominion Energy has delivered first power to the grid from its Coastal Virginia Offshore Wind (CVOW) project, marking a key milestone for what is set to become the largest offshore wind development in the United States. Dominion Energy’s Chair, President and Chief Executive Officer, Robert Blue, said the project began supplying electricity... Continue Reading →
March 24 (Reuters) Norway's Equinor has begun drilling producer and injector wells for its offshore Raia natural gas project in Brazil, while also planning fresh exploratory activities in the South American nation, its top executive in the country told Reuters. The project in the Campos basin is on track to start production in 2028 and... Continue Reading →
March 24 - SBM Offshore is pleased to announce it has been awarded contracts by ExxonMobil Guyana Limited, an affiliate of Exxon Mobil Corporation, to perform Front End Engineering and Design (FEED) studies for a Floating Production, Storage and Offloading vessel (FPSO) for the Longtail development project in Guyana. The FEED contracts award triggers the... Continue Reading →
March 19 - IBAMA (Brazilian Institute of Environment and Renewable Natural Resources) issued a correction to the drilling license for block BM-C-33 in the Campos Basin, where the Raia field is located. In the document, the federal agency authorized the drilling of three wells in the area using the DS-17 drillship, operated by Valaris. IBAMA... Continue Reading →
March 18, 2026 /PRNewswire/ -- Sumitomo Corporation do Brasil and Cemvita, Inc. today announced the signing of a Memorandum of Understanding (MOU) to collaborate on integrated bio-methane (Renewable Natural Gas, RNG) and renewable bio-oil (FermOil™) projects in Brazil. The partnership is focused on accelerating the deployment of low-carbon, waste-based fuels and strengthening Brazil's position as a... Continue Reading →
Brazil Energy Insight 