SBM Offshore reported first-half 2026 Directional revenue of $4.90 billion and Directional EBITDA of $1.31 billion, supported by the sale of FPSO ONE GUYANA, progress on its construction portfolio and new work for Petrobras and ExxonMobil Guyana. The company raised full-year Directional revenue and EBITDA guidance to approximately $7.6 billion and $1.9 billion, respectively. Pro-forma Directional backlog reached $35.6 billion, while projects under execution include FPSO Jaguar, FPSO GranMorgu, FSO Chalchi and the newly awarded FPSOs SEAP I and SEAP II.
Eni reported that Baleine Phase 3 in Côte d’Ivoire, Geng North in Indonesia and Cronos in Cyprus have been sanctioned as part of a portfolio of 54 organic growth projects. The company also said it is preparing a Perla field development plan that could support floating LNG exports from Venezuela, while its Searah combination in Asia began contributing more than 300,000 boe/d. In Argentina, Eni is working with YPF and XRG on an incorporated venture spanning upstream production, midstream infrastructure and LNG exports.
Exxon Mobil Corporation reported total assets of $464.48 billion at June 30, 2026, up from $448.98 billion at year-end 2025. Cash was broadly stable at $10.59 billion, while long-term debt declined to $32.23 billion. Total liabilities increased to $198.37 billion, driven principally by higher current liabilities, and total equity remained near $266.1 billion.
Exxon Mobil Corporation reported second-quarter 2026 revenue and other income of $116.0 billion and net income attributable to ExxonMobil of $14.5 billion. For the six months ended June 30, revenue reached $201.2 billion and attributable net income was $18.7 billion. The statement provides company-level financial context but does not identify individual offshore projects, assets or contractors.
Petrobras has confirmed a gas accumulation at the Sandia-1 exploration well in Colombia's deepwater GUA-OFF-0 block. Drilling began on June 12, 2026 and reached final depth on July 29 in 1,251 meters of water, approximately 42 kilometers offshore. Petrobras International Braspetro B.V – Sucursal Colômbia operates the consortium with a 44.44% interest, while Ecopetrol S.A. holds 55.56%. Well-log and laboratory analysis will be used to characterize the gas-bearing intervals.
SBM Offshore reported first-half 2026 Directional revenue of US$4.9 billion and EBITDA of US$1.31 billion, increases of 112% and 92%, respectively. New Petrobras awards for FPSO SEAP I and FPSO SEAP II, FEED work for ExxonMobil Guyana's Longtail development and an extension for N’Goma FPSO helped raise pro-forma Directional backlog to US$35.6 billion. The company also advanced FPSO Jaguar, FPSO GranMorgu and FSO Chalchi, ordered a thirteenth Fast4Ward hull and formed an installation-vessel joint venture with Solstad Offshore.
MODEC reported first-quarter 2026 revenue of $1.08 billion and operating profit of $122.7 million, supported by progress on existing FPSO construction projects. Orders received were $129.3 million, mainly reflecting specification changes on existing projects, while backlog was $17.86 billion at March 31. The company retained its full-year forecast of $4.6 billion in revenue and $460 million in operating profit.
Equinor plans to increase production to 2.3 million boe/d by 2030, including 1.35 million boe/d from the Norwegian continental shelf and approximately 950,000 boe/d from its international portfolio. Around 60% of 2028–2030 capital expenditure is expected to go to the NCS, where the company plans six to eight new tie-back developments annually through 2035. Equinor also intends to add USD 1 billion of investment in 2027 for high-return oil and gas projects while limiting power investment to about 10% of capital expenditure.
Equinor and its partners have agreed the development concept for Ringvei Vest, combining seven discoveries and the Grønngylt prospect in a proposed subsea tieback to Troll B in the Norwegian North Sea. The approximately 240-million-boe project is planned around 13 wells and six subsea templates, with seabed separation and processing, power and well control provided through Troll B. A DG2 continuation decision is targeted for the end of 2026, while investment, FID, development-plan and production-start dates remain undecided.
Petrobras’ board has approved the final investment decision for the RPBC Biorrefino project at the Refinaria Presidente Bernardes in Cubatão, São Paulo. The approximately $1.2 billion project will add capacity for up to 15,000 barrels per day of sustainable aviation fuel and renewable diesel. Final contracting is expected to precede construction starting by the end of 2026, with operations targeted for 2030.
