Brazil
News
November 17, 2025
Petrobras has confirmed a new post-salt oil discovery in Brazil’s Campos basin, identifying high-quality crude at the Sudoeste de Tartaruga Verde block. The well has been drilled and logged, with lab analysis now underway to assess full reservoir potential.
News
November 17, 2025
TGS has kicked off its Pelotas Norte Phase I 3D multi-client survey offshore southern Brazil, covering 14,800 km² of largely unheld acreage ahead of upcoming bid rounds. A Ramform Titan-class vessel using GeoStreamer® technology will acquire data through Q3 2026.
News
November 10, 2025
TMC Compressors has been awarded a contract by MODEC to supply a marine compressed air system for the Gato do Mato FPSO offshore Brazil, part of the Shell-operated Orca Project, which will produce 120,000 bopd in 2,000 meters of water.
News
November 07, 2025
Petrobras will begin production from the P-78 FPSO at Brazil’s Buzios field in December, expanding output from the world’s largest deepwater oil field. The new platform adds 180,000 bopd of capacity, supporting Petrobras’s continued growth in pre-salt production.
News
November 06, 2025
Petrobras has increased production from Brazil’s massive Buzios deepwater field to 1 million bpd, reinforcing its position as a top non-OPEC oil supplier.
News
November 04, 2025
Petrobras’ plan to divest shallow-water oil fields has been derailed after Brazil’s regulator, ANP, denied testing needed to restart production at 13 sites. The decision forces the state oil firm to absorb costly decommissioning as global oil prices weaken.
News
October 30, 2025
bp is advancing appraisal planning for its significant Bumerangue hydrocarbon discovery in the pre-salt Santos basin offshore Brazil, confirming a 1,000-meter gross hydrocarbon column with high-quality oil and liquids-rich gas condensate. The company expects appraisal activities to begin in early 2027.
News
October 28, 2025
Maersk Supply Service and Maritime Developments Ltd. (MDL) have completed a complex deepwater riser installation at Brazil’s Mero field using MDL’s largest offshore spread, advancing Petrobras’ pre-salt development.
News
October 22, 2025
Brazil’s latest oil auction signaled a revival in offshore exploration, with Petrobras, Equinor, and Chinese firms among the winners. The pre-salt round saw five of seven blocks awarded, underscoring renewed deepwater interest despite soft crude prices and cautious global spending.
News
October 21, 2025
Galp Energia is expanding upstream exploration in frontier markets such as Namibia and São Tomé and Príncipe amid resilient global oil demand. “The world has changed,” said a board member on Tuesday. “The energy transition is happening, but Europe still needs fossil fuels.”
News
October 21, 2025
Brazil’s state-run Petrobras has received environmental approval to begin drilling its first exploration well in the Foz do Amazonas basin after years of regulatory delay. The project could open a new offshore frontier comparable to Guyana’s oil-rich plays, as Brazil seeks to sustain output beyond 2030.
News
October 16, 2025
Equinor and partners ExxonMobil, Petrogal Brasil, and PPSA have started production from the Bacalhau field in Brazil’s Santos basin. With recoverable reserves exceeding 1 billion boe and a 220,000 bpd FPSO, Bacalhau is Equinor’s largest international project.
News
October 15, 2025
Halliburton has secured multiple contracts from Petrobras to deliver completion, stimulation, and safety valve services across Brazil’s deepwater fields. The projects, starting in 2026, will deploy Halliburton’s SmartWell® and EcoStar® technologies.
News
October 10, 2025
Equinor is preparing to begin production at its $8 billion Bacalhau project offshore Brazil, following delays at one of the largest deepwater developments in the company’s portfolio. The ultra-deep pre-salt field is expected to produce up to 220,000 bpd.
News
October 06, 2025
Forum Energy Technologies (FET) has secured a contract from long-term client DOF for the delivery of a work-class remotely operated vehicle (ROV) and tether management system to support subsea operations offshore Brazil.
News
October 03, 2025
Transocean Ltd. has announced new contract fixtures totaling $243 million in firm backlog for two ultra-deepwater drillships. bp exercised a 365-day option for the Deepwater Atlas in the U.S. Gulf, while Petrobras exercised a 30-day option for the Deepwater Mykonos offshore Brazil.
News
October 01, 2025
Elea Data Centers has secured a R$2.3 billion (US$500 million) contract from Petrobras to build a large-scale, renewable-powered data center in São Paulo. The 17-year agreement is being described as the largest IT infrastructure award of its kind in Latin America.
News
September 25, 2025
SLB has secured a major Petrobras contract for up to 35 ultra-deepwater wells in Brazil’s Santos Basin Atapu and Sépia fields, deploying advanced electric completions and digital technologies to enhance production and reservoir management.
News
September 24, 2025
ExxonMobil and Petrobras have raised competition concerns over the planned merger of Saipem and Subsea 7 into Saipem7. The companies warn the $21 billion deal could limit subsea pipeline installation options, drive up costs, and reduce supplier diversity in offshore projects.
News
September 23, 2025
TechnipFMC has secured a significant subsea production systems contract with Petrobras, valued between $75–$250 million. The award covers new offshore developments, brownfield expansions, and revitalizations in Brazil, with all systems manufactured locally.
News
September 19, 2025
Colombia’s Ecopetrol is seeking oil and gas deals in Brazil, with a focus on Petrobras’s Bahia Terra onshore cluster and other exploration opportunities in the Potiguar and Reconcavo basins.
