Brazil’s latest oil auction signaled a revival in offshore exploration, with Petrobras, Equinor, and Chinese firms among the winners. The pre-salt round saw five of seven blocks awarded, underscoring renewed deepwater interest despite soft crude prices and cautious global spending.
Tethered BOP technology enables DP rigs to drill in shallow water
Shallow-water wells can now be drilled using dynamically positioned (DP) deepwater rigs, if...
