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.
News
September 17, 2025
Weatherford International plc has been awarded a three-year, $147 million contract by Petrobras to deliver Tubular Running Services (TRS) across the company’s offshore drilling operations in Brazil.
News
September 17, 2025
Baker Hughes has secured a multi-year agreement with Petrobras to extend deployment of the Blue Marlin and Blue Orca stimulation vessels, supporting production optimization across Brazil’s offshore pre- and post-salt fields.
News
September 12, 2025
Petrobras has acquired a 27.5% interest in offshore Block 4 in São Tomé and Príncipe, reinforcing its upstream exploration strategy in Africa. The acquisition places Petrobras in a consortium led by Shell (30%), alongside Galp (27.5%) and ANP-STP (15%).
News
September 04, 2025
PRIO SA, Brava Energia and BW Energy are considering buying Petronas' stake in the Brazilian oil field Tartaruga Verde to expand in Latin America’s largest producing country, according to people familiar with the matter.
News
September 02, 2025
TechnipFMC has been awarded two subsea contracts by Petrobras for flexible pipe solutions. The first award involves the design, engineering, and manufacturing of flexible gas injection risers in the Santos basin, while the second award involves flexible risers and flowlines for deployment in the Campos basin.
News
August 28, 2025
Oceaneering has won contracts to provide work class remotely operated vehicle (ROV) services, specialized tooling packages, and survey services onboard multiple anchor handling and ROV support vessels working on Petrobras projects offshore Brazil.
News
August 27, 2025
During a state visit to Brasilía this week, Nigerian President Bola Tinubu welcomed Petrobras’s planned re-entry into the Nigerian market. The two countries signed five Memoranda of Understanding, signaling a shift from symbolic ties to practical, high-impact collaboration.
News
August 20, 2025
A new study by the Brazilian Institute of Oil and Gas (IBP) highlights the oil and gas sector’s importance in financing public policies in Brazil, with analysis showing over BRL 325 billion ($59 billion USD) generated in 2023 for local governments.
News
August 19, 2025
Indonesia Energy Corp. (IEC) has signed an MOU with Aguila Energia e Participações Ltda. (AEP). The MOU establishes a collaborative framework for the companies to evaluate and pursue potential oil and gas opportunities in Brazil.
News
August 18, 2025
Brazilian oil company Prio said Monday that the local regulator, ANP, has mandated a production halt at the Peregrino FPSO due to necessary improvements in risk management documentation and adjustments to the deluge system, according to a Reuters report.
News
August 18, 2025
Shares of Raízen SA soared on Monday, posting their biggest intra-day gain on record, after the newspaper O Globo reported that state-controlled oil producer Petrobras is considering investing in the sugar and ethanol producer.
News
August 14, 2025
Tenaris has reached a new technical milestone in offshore Brazil with the successful deployment of corrosion-resistant alloy (CRA) tubulars with its renowned Dopeless® technology in two wells located in the Búzios and Jubarte fields.
News
August 14, 2025
DOF Group ASA has been awarded two new long-term contracts in Brazil. Following the same competitive tender process that resulted in the previously announced contract award of Skandi Achiever on a 4-year charter as RSV, Skandi Carla and Geoholm have also been contracted on 4-year charters with Petrobras.
News
August 13, 2025
Brazil’s state-controlled oil company received permission from regulators to perform emergency response drills near the mouth of the Amazon River, a crucial step toward winning approval to explore in a region the company has been pushing to access for years.
News
August 11, 2025
Valmet has signed a nationwide agreement with Petrobras (Petróleo Brasileiro S.A.) for the supply of spare parts of Neles™ valves, actuators, and positioners across all Petrobras operational units
