Reassess rig and vessel capacity ahead of frontier exploration

Illustration; Source: Petrobras Petrobras has submitted an expression of interest in exploration blocks located in offshore areas of the Keta Basin in Ghana, a country on the west coast of Africa

Home Fossil Energy Petrobras targets West Africa offshore frontier with four-block talks in Ghana August 21, 2026, by Brazilian state-owned energy giant Petrobras is advancing its push into West Africa’s offshore oil and gas frontier, entering negotiations for exploration contracts covering four blocks in Ghana’s Keta Basin as the Brazilian major seeks to replenish reserves and expand its international exploration portfolio. Illustration; Source: Petrobras Petrobras has submitted an expression of interest in ex

This move is aligned with the firm’s strategy of replenishing its oil and gas reserves

“The expansion of our Walvis Basin footprint positions us to participate in the next chapter of Namibia’s offshore success

The license is perceived to benefit from an extensive technical database already in place, including 2,813 square kilometers (2014) of 3D seismic data, around 1,000 line kilometers of 2D seismic data (2014), and historical drilling activity (Cormorant-1 (2018), Sasoil (1995). Sintana highlights that PEL 37 is positioned to benefit from upcoming offset exploration activities, as it sits north and easterly inboard of PEL 82, operated by an affiliate of Chevron, and in which the Canadian firm’s Namibian affiliate

Sintana’s investment in Maravilla provides the firm with an indirect 35% interest in PEL 37

The subsea templates were removed in 2001

The consent includes the use of the rig as an accommodation facility for the offshore completion of the PWP project at the field in the southern part of the Norwegian sector in the North Sea

Home Fossil Energy Green light for Aker BP to deploy Noble and Odfjell Drilling rigs in North Sea August 21, 2026, by Norwegian authorities have approved drilling activities that Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NCS), with rigs owned by two offshore drilling contractors, Noble Corporation and Odfjell Drilling. Noble Interceptor rig; Source: Noble Corporation The Norwegian Ocean Industry Authority (Havtil) has granted Aker BP consen

The slight reduction in the share of mid-length lateral wells in the past five years came amid the emergence of super-laterals; ultra-long wells exceeding 15,000 feet. Virtually nonexistent before 2020, these wells, more than three miles long, accounted for 15% of all new Permian well completions in 2025

In-brief analysis August 19, 2026 Data source: Enverus Well operators in the Permian region of western Texas and eastern New Mexico are getting more oil and gas out of the ground by drilling longer, horizontal wells and increasingly incorporating so-called super-lateral wells that exceed 15,000 feet

Longer lateral wells allow operators to contact significantly more reservoir rock with each well, maximizing production while keeping well counts, and therefore overhead costs, down

In-brief analysis August 7, 2026 Utility-scale battery storage capacity in the United States increased significantly during the last three years, with an annual average growth rate of 70%

3 GW of battery storage capacity, reaching nearly 52 GW of nameplate battery storage capacity, based on our latest Preliminary Monthly Electric Generator Inventory. Operators anticipate bringing an additional 54 GW of battery storage capacity online over the next two and half years, according to plans they report to us

The Bellefield Solar and Energy Storage Farm, which began operations in December 2025, couples 500 megawatts (MW) of photovoltaic capacity with 500 MW of nameplate power storage for the California Independent System Operator (CAISO). Plans for the Bellefield facility call for a doubling of the PV and storage capacity of the facility and for the new capacity to be operational by November this year