Friday, 30 October 2026

Third-quarter output at Petrobras averaged 3.512 MMboed across oil, NGL and natural gas, a quarterly high for the company, World Oil reported.

That total was 5.3% above the second-quarter figure. Measured against the same period a year earlier, volumes were up 11.7%.

Several operational factors drove the result, according to World Oil: production efficiency reached its best level in eight years, the P-78 and P-79 FPSOs at Búzios scaled up, FPSO Alexandre de Gusmão hit peak output at Mero, and maintenance-related losses fell.

Carigali-PTTEPI Operating Co. awarded Energy Drilling a 30-month contract for Phase 7 drilling in the Malaysia-Thailand Joint Development Area, according to Offshore Magazine. The deal is valued at about USD 87 million.

The contract keeps Energy Drilling's T-16 tender-assist rig active in the Malaysia-Thailand Joint Development Area through at least early 2030, Offshore Magazine reported.

Tullow Ghana has awarded DeepOcean a contract for a riser retermination project at the Jubilee field offshore Ghana, according to World Oil.

The work concerns a gas-lift riser linking the FPSO Kwame Nkrumah to the Jubilee Field subsea production system, Offshore Magazine reported. DeepOcean's scope covers project management, engineering, riser disconnection, deck-side retermination, reconnection and pre-commissioning, according to World Oil.

Offshore work is scheduled for the fourth quarter of 2026.

Borr Drilling's Prospector 5 jackup drilling rig sank off the coast of Mayumba, Gabon, on October 24, 2026, during jacking and preload operations, according to Offshore Magazine.

In an October 26 statement, Borr Drilling said five personnel remained unaccounted for, with no fatalities confirmed.

Preliminary information from Borr Drilling points to a punch-through event, in which one of the rig's legs penetrated the seabed during preload activities, according to Offshore Magazine. That led to a loss of stability and the sinking of the rig.

BW Energy confirmed the incident and said production at the MaBoMo offshore facility was shut down under standard procedures for drilling preparations, per Offshore Magazine. BW Energy reported no damage to the facility or related equipment and no accidental discharge of harmful substances into the sea.

Brent crude settled down USD 1.93, or 1.6%, at USD 113.88 a barrel on Tuesday, according to ship and bunker trade publication Ship & Bunker.

West Texas Intermediate settled down USD 1.86, or 1.8%, at USD 99.90 a barrel on the same day, according to Ship & Bunker.