July 14 - Karoon Energy announced the resumption of production from the PRA-2 well at the Baúna field following an intervention that restored the umbilical connection and power supply to the electric submersible pump (ESP). Consequently, total field production has reached approximately 22,000 barrels per day, including a contribution of around 8,600 barrels per day... Continue Reading →
Halliburton Secures Integrated Contracts for Drilling and Completion Services in Suriname
July 13 - Halliburton announced today (13) the signing of integrated contracts for well construction on the GranMorgu project—operated by TotalEnergies in the deep waters of Suriname. The agreement covers drilling and completion services for a long-term program and incorporates digital and automation solutions to enhance operational efficiency. "Securing these contracts demonstrates the value of... Continue Reading →
Petrobras rises as Unipec’s tanker dominance weakens
July 13 (splash247) The Brazilian state-controlled oil company Petrobras has emerged as one of the biggest gainers in the crude tanker market during the first half of 2026, as disruption in the Middle East shifted tanker demand towards Atlantic Basin crude flows. According to Poten & Partners’ Tanker Midterms report, Unipec retained its position as the... Continue Reading →
Study identifies major oil-generating sweet spot near Suriname’s Block 52
July 13 (oilnow.gy) A new basin modelling study has identified an area near Suriname’s Block 52 as the strongest oil-generating sweet spot along the Guyana-Suriname margin. GeoExpro published the study results on July 9, 2026. The research was conducted by Kenneth Shipper and Paul Mann of the University of Houston’s CBTH Project, along with Andrew Pepper of... Continue Reading →
TechnipFMC’s Subsea 2.0 system powers first oil at Brazil’s Wahoo project
July 13 (oilnow.gy) PRIO’s Wahoo project offshore Brazil has reached first oil using TechnipFMC’s Subsea 2.0® production system. TechnipFMC announced on July 13 via a LinkedIn post that the installation represents the first use of the technology in a Brazilian pre-salt field. “As a greenfield development enabled through a tie-back approach, Wahoo demonstrates how innovation can unlock... Continue Reading →
Uruguay’s Offshore Oil Province Could Be Bigger Than Vaca Muerta
CJuly 12 (oilprice.com) ompanies are gearing up for exploration drilling in deepwater blocks offshore Uruguay in the hope that the South Atlantic margin offshore South America could hold a lot of oil, similar to the recent discoveries offshore Namibia in Africa. Uruguay, with a limited exploration drilling history of three wells spudded, all dry,... Continue Reading →
Saipem, Subsea 7 deal to be hit with EU antitrust investigation, sources say
July 10 (Reuters) - Italian energy contractor Saipem's merger with Norwegian peer Subsea 7 is set to face a full-scale EU antitrust investigation because of competition concerns about the deal, people with direct knowledge of the matter said. The companies announced the deal in February last year to create a leading global player in offshore energy services,... Continue Reading →
Floating Wind Farm Offshore France Reaches Full Power
July 10 (offshoreWIND.biz) The 30 MW Éoliennes Flottantes du Golfe du Lion (EFGL) floating offshore wind farm, located off France’s Mediterranean coast, has reached full power, Ocean Winds (OW), the owner and developer of the project, said. With three 10 MW turbines located 16 kilometers off the Occitanie coast and installed on semi-submersible floaters, this... Continue Reading →
TotalEnergies Ships First ECA LNG Cargo from Mexico to Asia
July 10 (OE) TotalEnergies has shipped the first cargo produced by the ECA LNG Phase 1 export terminal on Mexico's Pacific coast to Asia as the facility undergoes commissioning. The company holds a 16.6% stake in the project alongside operator Sempra Infrastructure and will offtake 1.7 million tonnes per annum of LNG for 20 years... Continue Reading →
Staatsolie gets fourth open acreage proposal in less than a month
July 10 (oilnow.gy) Staatsolie Maatschappij Suriname N.V. has received the fourth proposal under its Open Acreage model, extending a run of offshore proposal activity as Suriname works to advance its oil production ambitions. The state oil company announced on July 7, 2026, that it received a proposal for an area in Sector 2: SHO EAST,... Continue Reading →