Petrobras' P-79 floating production, storage and offloading (FPSO) unit has completed its first oil offloading after beginning operations at the Búzios field offshore Brazil, according to shipbuilder Hanwha Ocean.Hanwha Ocean, which carried out the engineering, procurement and construction of the vessel's hull and topsides, said the FPSO departed its Geoje shipyard in South Korea in November 2025 and arrived in Brazil in February…
Brazil's state-controlled oil company Petrobras and Mexico's state oil producer Pemex have signed a memorandum of understanding (MoU) to establish strategic and technical cooperation on projects in the hydrocarbons sector, including exploration and production and industrial processes…
Petrobras has agreed to acquire a 50% interest in the Itaimbezinho exploration block in the Campos Basin offshore Brazil from Equinor.Equinor currently holds a 100% stake in the block. Upon completion of the transaction, the consortium will consist of Equinor as operator with a 50% interest…
Brazil's state-run oil firm Petrobras' negotiation with SBM Offshore for two floating oil and gas production vessels (FPSO) for its Sergipe deepwater project is done, an executive from the company said on Thursday.The contract for the FPSOs is set to be signed soon…
Baker Hughes announced Tuesday a major contract extension with Petrobras to provide integrated solutions for well construction across Brazil’s Santos Basin.Baker Hughes will expand the company’s comprehensive well construction operations in several of the basin’s oilfields…
Saipem and Petrobras have signed a memorandum of understanding (MoU) to initiate a technical dialogue aimed at assessing and potentially developing integrated solutions for decommissioning activities in Brazil, with reference to oil and gas fields…
Brazil's state-run oil firm Petrobras will soon declare the commercial viability of a still-unnamed new discovery at the offshore Aram block in Santos basin, Chief Executive Magda Chambriard said on Monday.The CEO had said last week the firm hoped to have two producing wells at the block by 2030…
DOF Group has secured four 12-year charter and services contracts in Brazil following a competitive tender process, supporting Petrobras’ deepwater subsea inspection, maintenance and repair operations.The contracts will lead to the construction…
Petrobras has confirmed that Brazil’s oil regulator approved production individualization agreements for the Sururu and Berbigão shared reservoirs in the Santos Basin, with the agreements taking effect on May 1.Petrobras was notified by the National Agency of Petroleum…
Petrobras has agreed to acquire 100% of a portion of the Argonauta field ring-fence in the Campos Basin from Shell, ONGC and Brava.The acquired portion corresponds to an area holding 0.86% of the shared pre-salt Jubarte reservoir under a unitization agreement in effect since August 2025…
Brazil’s Petrobras has signed an agreement to acquire a 75% stake and assume operatorship of Block 3 offshore São Tomé and Príncipe from Oranto Petroleum.The block is currently held by Oranto, which has a 90% interest and acts as operator, alongside…
Offshore drilling contractor Transocean has secured a contract extension for its Deepwater Corcovado drillship with Petrobras, adding about $445 million in backlog.The 1,156-day extension will begin in direct continuation of the rig’s current…
Petrobras has made the final investment decision (FID) for the SEAP I project in the Sergipe-Alagoas Basin, advancing development of the Sergipe Deepwater (SEAP) project, a new oil and gas frontier in Brazil.The approval follows the sanctioning of the SEAP II module in December 2025…
Norwegian offshore vessel owner Solstad Maritime has secured a two-year extension of the current contract for the subsea construction vessel (CSV) Normand Fortress with Petrobras.The extension will start in early July 2026. Under the extended contract…
Petrobras has signed agreements with Petronas Petróleo Brasil to acquire the remaining 50% stakes in the Tartaruga Verde and Espadarte Module III fields offshore Brazil.The fields are located in the Campos Basin, where Petrobras will regain…
