Sunday, May 31, 2026
bp advances plans for major Bumerangue discovery in Brazil’s Santos basin- oil and gas 360

bp advances plans for major Bumerangue discovery in Brazil’s Santos basin

(World Oil)– bp is progressing appraisal planning for its significant Bumerangue hydrocarbon discovery in the pre-salt Santos Basin offshore Brazil, following confirmation of a large, liquids-rich reservoir. Laboratory and pressure gradient analysis have verified the presence of a ~1,000-meter gross hydrocarbon column, including a ~100-meter oil column and a ~900-meter liquids-rich gas-condensate column. According to bp, the reservoir’s high-quality rock properties

Aramco awards Baker Hughes multi-year coiled tubing drilling contract- oil and gas 360

Aramco awards Baker Hughes multi-year coiled tubing drilling contract

(World Oil)– Baker Hughes has secured a multi-year agreement from Aramco to significantly expand its integrated underbalanced coiled tubing drilling (UBCTD) operations across Saudi Arabia’s natural gas fields. The order, booked in the third quarter of 2025, will see Baker Hughes increase its active UBCTD fleet from four to ten units beginning in 2026. Under the new contract, Baker Hughes