Valeura Energy and partner PTTEP reached FID for the Bussabong gas development in Block G3/65 offshore Thailand. The project is Valeura’s first organic gas development in the Gulf of Thailand and reached FID less than 14 months after the companies established their partnership. The field’s reservoirs, divided into multiple fault-block compartments, have geological similarities to […]
BP has identified hydrocarbons in an exploration well at the deepwater Tupinambá block in Brazil’s Santos Basin, where Shell’s 50% working interest remains subject to regulatory approval. The company informed Brazil’s National Agency for Petroleum, Natural Gas and Biofuels (ANP) of the hydrocarbon presence in well 1-BP-14-SPS, located 275 kilometers off the Brazilian coast in […]
CNOOC Ltd. brought nine new projects on stream in the first three quarters of 2026, and its net production reached 593.7 MMboe, up 2.7% year-on-year and a record for the period. Net production from China rose 1.9% to 408.5 MMboe, mainly on contributions from projects including Kenli 10-2. Overseas net production rose 4.3% to 185.1 […]
Shape Digital has expanded deployment of its artificial intelligence-powered flare monitoring technology to 10 MODEC FPSOs in Brazil following a successful pilot, targeting reductions in unplanned gas flaring and improved offshore operating efficiency. The company’s Shape Lumen platform analyzes data across an asset’s oil, gas and water production systems to identify the root causes of […]
Petrobras and ENH, the national oil companies of Brazil and Mozambique respectively, have signed a memorandum of understanding, establishing cooperation in oil and gas assessment and development. The agreement coincided with Mozambican President Daniel Chapo’s visit to Brazil, where he spoke at Rio Oil & Gas 2026. “We are not looking only for suppliers. We […]
Norwegian ocean technology company Miros has secured more than 10 offshore technology deployments across South America during the first three quarters of 2026, with Brazil accounting for the majority of the activity.
CoreMarine has completed the acquisition of Brazilian offshore services company BravOcean, expanding its subsea construction and project delivery capabilities in Brazil’s deepwater market. BravOcean provides subsea installation support, project management services and specialist personnel for complex deepwater subsea, umbilicals, risers and flowlines (SURF) projects in Brazil. CoreMarine said the acquisition will combine BravOcean’s local presence […]
Petrobras has awarded Strohm B.V. and its Brazilian subsidiary a contract to supply thermoplastic composite pipe (TCP) for water injection and gas lift applications in Brazil’s deepwater post-salt province. The TCP will be deployed in water depths of up to 1,500 meters. The contract also covers qualification testing, project engineering, field services and support […]
Shape Digital has expanded deployment of its artificial intelligence-powered flare monitoring technology to 10 MODEC FPSOs in Brazil following a successful pilot, targeting reductions in unplanned gas flaring and improved offshore operating efficiency. The company’s Shape Lumen platform analyzes data across an asset’s oil, gas and water production systems to identify the root causes […]
BP PLC has signed an agreement with Shell PLC to sell part of its ownership in the Tupinambá exploration block in Brazil’s offshore Santos Basin and five leases containing the Conifer exploration prospect on the United States side of the Gulf of America.