BW Energy has reached positive FIDs for two projects offshore Brazil and Gabon and raised its 2028 production target, the company announced on Wednesday. The decisions cover the Bourdon Phase 1 development in the Dussafu licence offshore Gabon and a new campaign of infill wells in the Golfinho licence offshore Brazil. Based on estimates of […]
BW Energy has approved offshore development projects in Gabon and Brazil that are expected to increase company production above 100,000 bopd by 2028.
Shell PLC remitted a total of $23.84 billion to governments in 24 countries where the British energy giant has upstream activities last year, with Brazil displacing Nigeria as top recipient at $4.25 billion.
Seadrill added more than $860 million to its offshore drilling contract backlog during first-quarter 2026, supported by new deepwater rig awards and extensions across Brazil, the U.S. Gulf and Angola as the company pointed to strengthening demand for offshore drilling services.
DOF Group ASA has secured nearly $2 billion in long-term contracts with Petrobras for four new ROV support vessels (RSVs) that will support subsea inspection, maintenance and repair (IMR) operations offshore Brazil.
Ecopetrol has agreed to acquire an initial equity stake in Brava Energia as part of a broader plan to secure a controlling interest and expand its upstream footprint in Brazil. Under the agreement, Ecopetrol will purchase approximately 26% of Brava’s outstanding shares from a group of existing shareholders. The company also plans to launch a tender offer to […]
New Fortress Energy’s Brazil platform has signed a long-term lease and capacity agreement for its Terminal de Gás Sul (TGS) LNG import facility in Santa Catarina, marking a key step in bringing the asset into commercial operation. The agreement, which is expected to begin in August 2026, is projected to generate approximately $50 million in […]
OceanPact and CBO have announced plans to combine their businesses in a transaction that will create one of Brazil’s largest integrated offshore support and marine services platforms. The merger will be implemented through the incorporation of CBO’s holding company into OceanPact, subject to approval by Brazil’s antitrust authority (CADE), shareholder approvals and customary closing conditions. Upon completion, the […]
Brazilian oil major Petrobras announced a 2% decrease in its next five-year investment plan to $109 billion, putting dividend payments in doubt at a time of lower oil prices. Shares fell. The state-controlled oil producer is caught between the government’s desire to grow the economy – especially ahead of a 2026 presidential election – and investors who […]
TMC Compressors (TMC) has secured a contract from MODEC to supply a large-capacity marine compressed air system for the FPSO Gato do Mato, which will operate offshore Brazil.