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(OE) BP has made an oil and gas discovery at the Bumerangue prospect in the deepwater offshore Brazil, its largest discovery in 25 years. BP drilled exploration well 1-BP-13-SPS at the Bumerangue block, located in the Santos Basin, 404 kilometers (218 nautical miles) from Rio de Janeiro, in a water depth of 2,372 meters. The... Continue Reading →
(OE) Norwegian offshore vessel operator Solstad Offshore has secured a contract with Petrobras for its construction support vessel (CSV) Normand Commander. The vessel will be on a bareboat contract from the vessel owner Solstad Maritime to Solstad Offshore, who holds the contract with Petrobras. The four-year contract will start in the first quarter of 2026.... Continue Reading →
(TN) "We announce two unprecedented milestones in our history in Brazil with new contracts with Petrobras for: • PDG (Permanent Downhole Gauge) Preparation and Installation Services • Specialized Technical Operation and Maintenance Services for Electrical Systems for Monitoring Signals from Subsea Downhole Sensors and ANMs." "This is the first time we have undertaken this scope... Continue Reading →
(TN) MODEC, a global leader in the operation of floating oil and gas production platforms, celebrates two important operational milestones this month: the 15th anniversary of the FPSO Cidade de Santos MV20 and the 10th anniversary of the FPSO Cidade de Itaguaí MV26. Together, the units have already surpassed the 465 million barrels of oil... Continue Reading →
(offshore-energy.biz) Hunting Subsea Technologies, the Texas-based subsidiary of London-headquartered precision engineering group Hunting, has provided the connections for a floating production storage and offloading (FPSO) to be deployed at a field offshore Guyana being developed by U.S energy giant ExxonMobil. The eight titanium stress joints (TSJs) delivered will be integrated into the FPSO unit Errea Wittu that... Continue Reading →
(Reuters) Exxon Mobil, the United States' biggest oil producer, beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas output and low production costs offset the impact of lower crude prices. Oil and gas production was the highest for any second quarter since the merger of Exxon and Mobil formed the... Continue Reading →
(Reuters) Chevron beat analyst estimates for second-quarter profit on Friday as record oil and gas production and lower capital expenditure helped the U.S. oil producer boost earnings despite weaker crude prices. The No. 2 U.S. oil major triumphed last month in a legal challenge from Exxon Mobil XOM.N in order to close its $55 billion... Continue Reading →
(OE) Malaysia-based offshore services firm Sapura Energy has officially changed its name to Vantris Energy, to reflect the cumulative effort the company has made in its corporate transformation. This name change follows shareholder approval at an Extraordinary General Meeting held on 30 July 2025. The new name takes effect on 1 August 2025, following... Continue Reading →
(OE) Norwegian offshore supply vessel owner DOF Group has secured a contract with Petrobras for two of its anchor handling tug supply (AHTS) vessels. The two contracts, with a combined value of more than $220 million, are for Skandi Fluminense, a 2007 Brazilian-built AHTS vessel with 211t bollard pull, and Skandi Lifter, a foreign-flagged 250t... Continue Reading →
July 30 (Reuters) - The U.S. on Wednesday imposed sanctions on a Brazilian Supreme Court justice overseeing the trial of former President Jair Bolsonaro, accusing the judge of authorizing arbitrary pre-trial detentions and suppressing freedom of expression. Justice Alexandre de Moraes has presided over the criminal case against Bolsonaro, who has been charged with plotting a... Continue Reading →
Brazil Energy Insight 