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July 31 (Reuters) - An ExxonMobil-led joint venture has recovered the billions of dollars it invested to develop a large oilfield in Guyana, its chief financial officer told Reuters, and the South American country will now receive more oil money. Guyana's Stabroek Block, estimated to hold at least 11 billion barrels of oil equivalent, has become... Continue Reading →
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 (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 29 (oilnow.gy) Subsea installation activities have started for ExxonMobil Guyana’s Whiptail development in the Stabroek Block, ahead of the arrival and installation of the Jaguar floating production, storage and offloading (FPSO) vessel being constructed by SBM Offshore. ExxonMobil confirmed to OilNOW on July 28 that the ongoing offshore installation activities are related to the project’s subsea umbilicals,... Continue Reading →
July 29 - Petrobras second quarter of 2026 production of oil and natural gas reached a record 3.34 million barrels of oil equivalent per day (boed)—up 14.1% from the same quarter last year and 3.4% from the first quarter of 2026. This growth was driven primarily by increased operational efficiency and the production ramp-up of... 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 (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 23 (OE) DOF Group has agreed to sell four platform supply vessels (PSVs), acquire two construction support vessels (CSVs) under construction and declare a constructive total loss on the anchor handling tug supply (AHTS) vessel Skandi Amazonas, as the company continues to optimize and modernize its fleet. The company said it will sell the... Continue Reading →
July 22 (oilprice.com) Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran and Washington disrupting traffic in the Strait of Hormuz, through which a fifth of global hydrocarbon supplies are shipped. This has sparked greater demand for Brazil’s... Continue Reading →
Brazil Energy Insight 