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Upstream news updates

 

Subsea7 awarded contract offshore US

Subsea7 today announced the award of a sizeable* contract by Shell for the Kaikias Waterflood project. The Kaikias field is a deepwater development in the Mars-Ursa Basin, approximately 210 km off the Louisiana coast in the US.

Petrobras increases Proved Reserves in 2025

Petrobras discloses its proved reserves of oil, condensate and natural gas, according to SEC (US Securities and Exchange Commission) regulation, estimated at 12.1 billion boe, as of December 31, 2025.


More oil news updates

TMC lines up compressor deliveries for Trion FSO

TMC Compressors (TMC) has been awarded a contract by COSCO Shipping Heavy Industry to deliver a complete marine compressed air system to SBM Offshore’s newbuild floating storage and offloading (FSO) unit, Chalchi.

 
 
 
 
 
 
 
 
 
 

Petrobras surpasses 2025 production targets

Petrobras announces that, in 2025, its oil production reached 2.40 million bpd, exceeding the upper limit of the target (+4%) set in its 2025 - 2029 Business Plan by 0.5 percentage points.