Transocean has secured a $445 million contract extension with Petrobras for the Deepwater Corcovado drillship, extending operations offshore Brazil through 2030. SourceContinue Reading
bp CEO Meg O’Neill is restructuring the company to simplify operations and return to a traditional upstream and downstream model, as the company seeks to improve performance. SourceContinue Reading
Chevron has expanded its heavy oil position in Venezuela through an asset swap with PDVSA, increasing its stake in Petroindependencia and advancing development in the Orinoco Belt. SourceContinue Reading
TotalEnergies has confirmed a hydrocarbon discovery at the Moho license offshore Congo, with estimated resources of around 100 MMbbl and plans for a tie-back to existing production infrastructure. SourceContinue Reading
Halliburton has secured a multibillion-dollar contract from YPF to provide unconventional completions and electric fracturing services in Argentina’s Vaca Muerta shale play. SourceContinue Reading
Petrobras has confirmed a hydrocarbon discovery in a pre-salt exploration well in Brazil’s Campos basin, with further analysis underway to evaluate reservoir and fluid characteristics. SourceContinue Reading
Eco Atlantic has farmed down a 60% interest in its Namibia offshore exploration licenses to bp, transferring operatorship as part of a deal to advance exploration in the Walvis basin. SourceContinue Reading
OPEC oil output fell by nearly 8 million bpd in March, the largest drop on record, as the Iran war and Strait of Hormuz disruption curtailed exports from key Gulf producers. SourceContinue Reading
CoreMarine and Jumbo Offshore have secured a contract to install soft-yoke mooring systems and perform hook-up of FLNG vessels offshore Argentina, supporting the country’s growing gas export infrastructure. SourceContinue Reading
ABL and Petroleum Marine Services (PMS) have signed an MoU to provide offshore rig moving, marine assurance and risk services in Egypt, supporting drilling operations in the Red Sea and Gulf of Suez. SourceContinue Reading
