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The drillship Tidal Action, owned by Constellation, is undergoing final preparations before starting a new mission. The unit was contracted by Petrobras to join a new drilling campaign in the Roncador field, in the Campos Basin. The contract, signed in September of last year, also includes the Laguna Star rig, which is already on its... Continue Reading →
(Reuters) Colombian state oil firm Ecopetrol said on Monday it has purchased a wind power project in the northern province of La Guajira from Enel for $50 million. The Windpeshi project will have a capacity of 205 megawatts (MW), which will be added to Ecopetrol Group's self-consumption energy portfolio, the company said in a statement. "We have... Continue Reading →
(Reuters) - Suriname's parliament backed Jennifer Simons as the South American country's first woman president on Sunday, setting the doctor and former parliamentary speaker on course to helm a nation on the cusp of a predicted oil boom. Surinamese lawmakers backed Simons as president six weeks after the ruling party and its top opposition nearly... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras is weighing options for its Polo Bahia onshore oil fields, including a potential sale, Chief Executive Magda Chambriard said on Saturday, adding that any decision will prioritize returns and shareholder interests. The Polo Bahia hub, consisting of some 28 onshore fields, was previously listed for sale under former President... Continue Reading →
(Reuters) Petronas will begin drilling on Sunday, the first of three wells in an exploration campaign aimed at finding additional oil reserves at its offshore Block 52 in Suriname, state company Staatsolie said in a release on Saturday. Petronas hired Noble Corp to drill the wells through the Noble Developer drilling platform, which arrived in... Continue Reading →
McDermott has been awarded a sizeable offshore transportation and installation contract by Brava Energia for the Papa-Terra field in the Campos Basin and the Atlanta field in Block BS-4 within the Santos Basin, both offshore Brazil. Under the contract scope, McDermott will execute the transportation and installation of flexible pipelines, umbilicals and associated subsea equipment... Continue Reading →
The second wind turbine installation vessel (WTIV), built by Yantai CIMC Raffles Offshore for DEME Group, has been launched. Norse Energi, like its sister vessel Norse Wind, is engineered to install turbines with rotor diameters over 300 metres and XXL monopiles up to 3,000 tonnes, even in water depths of 70 metres. The first steel for... Continue Reading →
July 3, 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 June. Key: (1) In the Frade field, the gas compression system was fully repaired, and production was normalized. (2) In the Polvo and Tubarão Martelo cluster,... Continue Reading →
(Reuters) - An Exxon Mobil-led oil consortium has returned 2,534 square kilometers of the Stabroek Block in Guyana back to the government, the Ministry of Natural Resources said in a statement on Wednesday. The relinquishment is part of a contractual requirement for Exxon to enter the final phase of exploration of the Stabroek Block, which contains... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that approximately R$33 billion in investments are planned for refining and petrochemical projects in Rio de Janeiro, of which R$29 billion in Petrobras Capex and R$4 billion in another project that operates in synergy with Petrobras assets. The implementation of the integration projects of the Boaventura Energy Complex (Itaboraí... Continue Reading →
