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Petrobras News

Petrobras and PPSA sign equalization agreement

Petrobras signed the Expenses and Volumes Equalization Agreement (AEGV) with PPSA for the Jubarte Pre-Salt Shared Reservoir, agreeing to pay R$ 1.54 billion to reconcile costs and revenues.

bp News

bp confirms discovery in Namibia’s Orange basin

The Volans-1X exploration well discovered a high-quality, 26m rich gas condensate reservoir with excellent properties, a high condensate-to-gas ratio (>140 bbl/mmscf), and a 40 degrees API gravity liquid.

McDermott News

McDermott completes first subsea project in Angola

McDermott successfully completed the Begonia subsea field development for TotalEnergies in Angola by installing 40 kilometers of rigid pipelines, which will add 30,000 barrels of oil per day to the Pazflor FPSO.

Equinor News

Equinor has started production at Bacalhau

Bacalhau is the largest of Equinor's international field, with 1+ billion barrels in reserves and a capacity of 220,000 barrels per day, using a lower-carbon FPSO in ultra-deep water Brazil.

Halliburton News

Petrobras awards Halliburton deepwater contracts

Halliburton won multiple Petrobras deepwater contracts for vessel stimulation, intelligent completions (SmartWell for Búzios), and EcoStar safety valves for the Séepia and Atapu fields in Brazil, starting in 2026.

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