Key Takeaways Petrobras signed a $84M four-year contract with Solstad Offshore for the Normand Turquesa vessel. The AHTS vessel will support PBR's offshore operations from 2026 to 2030, with a nine-month interim extension. PBR aims to boost logistical strength and deepwater performance in Brazil's pre-salt exploration fields.Petrobras (PBR) , Brazil’s state-controlled energy giant, has signed a new $84 million agreement with Solstad Offshore, a leading offshore service provider in Norway, for the continue ...

Core Insights - BW Energy Limited held its Annual General Meeting in 2025, discussing key operational and strategic updates [1] Company Overview - BW Energy is a growth-oriented exploration and production (E&P) company focusing on proven offshore oil and gas reservoirs through low-risk phased developments [2] - The company has access to existing production facilities, which allows for reduced time to first oil and cash flow with lower investments compared to traditional offshore developments [2] Asset Portfolio - BW Energy holds a 73.5% interest in the producing Dussafu Marine licence offshore Gabon, a 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, and a 95% interest in the Kudu field in Namibia, all operated by the company [2] - Additionally, BW Energy owns approximately 6.6% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (PEL 73) in Namibia [2] Reserves and Resources - As of the start of 2025, BW Energy reported total net 2P+2C reserves and resources of 599 million barrels of oil equivalent [2]