Petrobras has identified the presence of oil in the pre-salt of the Campos Basin following drilling activities at the Marlim Sul Field offshore Brazil.The discovery was made at well 3-BRSA-1397-RJS, located about 113 km offshore in water depths of 1…
Constellation Oil Services, an offshore oil and gas drilling services provider in Brazil, has reported adjusted EBITDA of $233 million for 2025, exceeding its initial guidance by 37%, driven by strong fleet utilization and improved contract economics…
Brazil's Petrobras will discuss a possible partnership with Mexico's Pemex during a visit to Mexico next month, Mexican President Claudia Sheinbaum said on Tuesday, after her Brazilian counterpart proposed joint projects in the Gulf of Mexico for the two state-run oil companies…
Norway's Equinor has begun drilling producer and injector wells for its offshore Raia natural gas project in Brazil, while also planning fresh exploratory activities in the South American nation, its top executive in the country told Reuters…
SBM Offshore has secured contracts from ExxonMobil Guyana to carry out front-end engineering and design (FEED) studies for a floating production, storage and offloading (FPSO) vessel for the Longtail development offshore Guyana.The FEED award…
Brazilian President Luiz Inacio Lula da Silva said on Friday he had proposed a partnership between state-run energy firms Petrobras of Brazil and Pemex of Mexico to explore oil in the Gulf of Mexico.'Pemex could get a great deal of help from Petrobras…
Petrobras will exercise its right to purchase Malaysian company Petronas' 50% stake in two offshore fields in Brazil for $450 million, according to a securities filing.Following the deal, Petrobras will hold 100% of the Tartaruga Verde field and Module III of the Espadarte field…
Venezuela and Spanish energy group Repsol have signed 'strategic agreements,' the government of the South American country said in a statement on Thursday.Speaking on state-run television, acting President Delcy Rodriguez said the agreement will allow for gas production at Cardon IV…
Energy and marine consultancy ABL has been contracted to provide marine warranty survey services for marine operations and installation activities on ExxonMobil’s Hammerhead development offshore Guyana.The Hammerhead project is expected to be the seventh development in the Stabroek Block…
The first gas injection on Petrobras’ P-78 floating production, storage and offloading (FPSO) unit has been achieved just 61 days after the vessel reached first oil on December 31, 2025.The milestone, achieved on March 2, 2026, marks the transition…
TotalEnergies and its partners Repsol and Shell have started production from the Lapa South-West project in Brazil’s Santos Basin.Located approximately 300 km offshore, the project consists of three wells tied back to the existing Lapa floating production…
Oil major Shell inked several oil agreements with the Venezuelan government on Thursday that span offshore natural gas and onshore oil and gas opportunities, the company said in a statement.It also signed several technical and commercial agreements with Venezuelan engineering company VEPICA…
Viridien has kicked off the Charrua 3D multi-client seismic survey offshore Uruguay, marking a new phase of exploration activity in the country’s offshore basins.Data acquisition will be carried out by the vessel BGP Prospector, with the company…
Brazilian state-run oil firm Petrobras posted a net profit of 15.6 billion reais ($2.96 billion) for the fourth quarter and plans to distribute 8.1 billion reais in interest on equity for the period, it said in separate filings on Thursday.The…
Brazilian firms OceanPact and CBO have announced plans to combine their businesses, creating what the companies described as the country’s most comprehensive integrated fleet and services platform for the offshore sector.The transaction will…