Brazil
News
December 02, 2025
Acteon’s InterMoor has landed a three-year Petrobras contract to deliver advanced mooring integrity and digital inspection services across Brazil, strengthening lifecycle management for critical offshore infrastructure.
News
November 28, 2025
Petrobras reduced its five-year investment plan to $109 billion, citing weaker oil prices and shifting political pressures. The cut raises investor concerns over dividend yields as the Brazilian state-controlled producer prioritizes long-term offshore expansion.
News
November 26, 2025
Brazil’s environment minister says COP30’s push for a global fossil-fuel phaseout stalled partly because the U.S. skipped the summit—deepening political divides and weakening momentum behind a fossil-fuel road map.
News
November 25, 2025
Brazil’s Petrobras is likely to postpone awarding up to four drillship contracts for its giant Buzios field until 2026, as the operator reassesses reservoir data and contractors revise bids amid a soft offshore rig market and emerging global oil glut.
News
November 21, 2025
Brazil is preparing a COP30 draft agreement that’s expected to omit any fossil fuel transition road map, setting up a major clash with more than 80 nations pushing for clearer commitments to move away from oil and gas.
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.
