Petrobras has welcomed its P-79 floating production, storage and offloading (FPSO) unit to the Búzios field in Brazil’s Santos Basin pre-salt, in line with the planned schedule.The unit, capable of producing 180,000 barrels of oil per day and compressing 7.2 million cubic meters of gas per day, was towed to location with crew onboard, a strategy previously used with P-78 aimed at reducing the time to first production…
The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas in Venezuela, a long-awaited step that could help increase output in the country.Washington has relaxed sanctions on Venezuela's energy industry since U…
SBM Offshore and ExxonMobil Guyana, an affiliate of ExxonMobil, have completed the transaction related to the purchase of One Guyana floating production, storage and offloading (FPSO) unit.The purchase was completed ahead of the maximum lease term which would have expired in August 2027…
Offshore accommodation rig provider Floatel International has signed a contract with Brava Energia for its Floatel Victory unit, which will be deployed offshore Brazil.Floatel Victory will provide Maintenance and Safety Unit (MSU) services for Brava Energia…
Equinor has exercised a one-year priced option for Seadrill’s ultra-deepwater drillship West Saturn for operations offshore Brazil.The exercised option adds $114 million to contract backlog and extends the original contract, which started in 2022…
Brazilian state-run oil firm Petrobras said on Wednesday its estimated proven reserves of oil, condensate and natural gas rose to 12.1 billion barrels of oil equivalent (boe) in 2025, from 11.4 billion in 2024.In a securities filing, the company…
Shell and BP are seeking U.S. Office of Foreign Assets Control licenses to extract natural gas from fields in Trinidad and Tobago and Venezuela, the Caribbean country's energy minister Roodal Moonilal said on Wednesday.Shell is seeking a license to develop the Loran-Manatee discovery…
U.S. officials are working to issue a general license soon that would lift some sanctions on Venezuela's energy sector, four sources familiar with the preparation said on Tuesday, a shift from a previous plan to grant individual exemptions to…
ExxonMobil Guyana has deployed Sentinel Proactive to enhance marine safety and environmental protection around its subsea pipeline, providing real-time visibility along the pipeline corridor, particularly in shallow coastal waters where anchoring risk is highest…
Offshore drilling contractor Noble Corporation has secured new contract awards for nine rigs totaling about $1.3 billion in backlog, including a three-year deal that marks its entry into Norway’s harsh-environment floater market.The largest…
Offshore drilling contractor Seadrill has secured multiple contract awards for its West Capella, West Elara and West Carina drilling rigs across Malaysia, Norway and Brazil.In Malaysia, the ultra-deepwater drillship West Capella secured a well-based contract with an undisclosed operator…
DOF Group has secured a large turn-key contract by MODEC Guyana to carry out mooring pre-lay work for the Hammerhead floating production, storage and offloading vessel (FPSO) unit, set for deployment at ExxonMobil’s project offshore Guyana.Under the contract…
Brazil’s Brava Energia has signed an agreement to acquire Petronas’ 50% equity interest in the Tartaruga Verde field and in Module III of the Espadarte field in the Campos Basin, in a transaction valued at $450 million.The assets are located…
Abu Dhabi state oil firm ADNOC is weighing entering Venezuela's energy industry and could seek a partnership with another international producer to participate in the nation's gas projects, Bloomberg News reported on Thursday, citing people familiar with the matter…
Brazilian state-run oil firm Petrobras produced 2.40 million barrels of oil per day in 2025, up 11% from the previous year and surpassing the upper limit of the company's own target by 0.5 percentage points, it said on Thursday.Total oil and gas production reached 2…
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