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.
Shell will acquire stakes in two bp-operated exploration opportunities offshore Brazil and in the Gulf of America, expanding collaboration between the majors ahead of planned exploration drilling. Under the agreements, Shell will acquire a 50% interest in the Tupinambá exploration block in Brazil’s offshore Santos basin and a 30% interest in five leases containing the Conifer exploration prospect in the deepwater […]
Brazil’s state-run oil company, Petrobras (PETR3.SA), opens new tab, said on Friday it had submitted an expression of interest for exploration blocks in Ghana and begun negotiations.The West African nation’s Ministry of Energy and Green Transition had approved its application to negotiate exploration contracts for four offshore blocks in the Keta Basin, Petrobras said.Sylvia Anjos, Petrobras’ […]
Ecopetrol has completed its approximately $1.2 billion acquisition of a controlling 51% stake in Brava Energia, significantly expanding the Colombian energy company’s upstream position in Brazil. The transaction closed following receipt of required regulatory approvals and combines shares acquired through a voluntary tender offer with shares purchased under an April agreement with existing Brava shareholders. Ecopetrol acquired approximately 25% of […]