Offshore installation begins for Whiptail project’s subsea system

July 29 (oilnow.gy) Subsea installation activities have started for ExxonMobil Guyana’s Whiptail development in the Stabroek Block, ahead of the arrival and installation of the Jaguar floating production, storage and offloading (FPSO) vessel being constructed by SBM Offshore. ExxonMobil confirmed to OilNOW on July 28 that the ongoing offshore installation activities are related to the project’s subsea umbilicals,... Continue Reading →

July 29, 2026 0

Renewables firm EDPR’s recurring first-half profit jumps 33%, driven by US business

July 29 (Reuters) - EDP Renewables, the world's fourth-largest wind energy producer, said on Wednesday recurring first-half net profit rose 33% from a year earlier and beat analysts' expectations, driven by ‌solid growth in U.S. operations. The renewables arm of Portugal's EDP said recurring net profit, which excludes one-offs, reached €183 million ($209 million), exceeding the... Continue Reading →

July 29, 2026 0

“Ugly and rusty,” Venezuela’s refineries are relics that will be hard to revive

July 29 (Reuters) - The Paraguana Refining Center in Western Venezuela once symbolized the country's oil wealth and its ambition to turn vast crude reserves into fuels and export revenue. Today, the 955,000-barrel-per-day complex in Falcon state runs at a fraction of capacity, a decline decades in the making and unrelated to the strong earthquakes... Continue Reading →

July 29, 2026 0

Petrobras 2Q 2026 Operational Data

July 29 - Petrobras second quarter of 2026 production of oil and natural gas reached a record 3.34 million barrels of oil equivalent per day (boed)—up 14.1% from the same quarter last year and 3.4% from the first quarter of 2026. This growth was driven primarily by increased operational efficiency and the production ramp-up of... Continue Reading →

July 29, 2026 0

ABS: Demand for Floating Offshore Wind Vessels is Rising

July 28 (OE) Demand for high-capability offshore support vessels for floating offshore wind is expected to strengthen in the late 2020s, with availability constraints emerging in some segments as early as 2029, according to a new report from ABS. Produced by ABS in collaboration with Intelatus Global Partners, Floating Offshore Wind and the Vessels That Support... Continue Reading →

July 28, 2026 0

Bureau Veritas Gives Blessing to Seatrium’s 30MW Floating Data Center

July 28 (OE) Seatrium has received Approval in Principle (AiP) from Bureau Veritas Marine & Offshore for its 30 MW Floating Data Centre (FDC) concept, marking a milestone in the development of offshore digital infrastructure designed to support growing demand for artificial intelligence and cloud computing. The concept features a jetty-moored, non-propelled barge incorporating six... Continue Reading →

July 28, 2026 0

Talos Energy Farms Into Mexico’s Offshore Oil Block via Repsol Deal

July 28 (OE) Talos Energy has agreed to acquire a 50% working interest in Block 29 offshore Mexico from Repsol, expanding its international portfolio with a pre-final investment decision oil development that includes more than 200 million barrels of oil equivalent of estimated recoverable resources. Under the agreement, Talos will pay $30 million if it... Continue Reading →

July 28, 2026 0

Noble revenue slips on rig suspensions and Black Sea exit

July 28 (splash247) Offshore driller Noble posted a $37m net loss for the second quarter of 2026 after operational suspensions affecting two rigs in Brazil weighed on revenue and utilisation. The quarterly loss compared with net income of $121m in the first quarter. Contract drilling services revenue fell to $679m from $743m in the previous... Continue Reading →

July 28, 2026 0

Saipem cuts 2026 forecast, signals Middle East hit for energy contractors

July 28 (Reuters) - Saipem cut its 2026 core earnings forecast on Tuesday, sending shares in the Italian oilfield ‌services group down more than 8% as disruption linked to the Gulf conflict drove up costs and created logistical challenges. The Milan-based group now expects adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of €1.75 billion... Continue Reading →

July 28, 2026 0

Beyond light and sweet: The carbon advantage of Guyana’s oil production

July 27 (oilnow.gy) Guyana’s crude has earned a reputation for being light and sweet, making it attractive to refiners because it is easier and less expensive to process into products such as gasoline, diesel and jet fuel. Increasingly, however, another quality is helping distinguish the country’s barrels in global markets: their relatively low carbon intensity. As... Continue Reading →

July 27, 2026 0

Brazil Energy Insight

Offshore installation begins for Whiptail project’s subsea system

Renewables firm EDPR’s recurring first-half profit jumps 33%, driven by US business

“Ugly and rusty,” Venezuela’s refineries are relics that will be hard to revive

Petrobras 2Q 2026 Operational Data

ABS: Demand for Floating Offshore Wind Vessels is Rising

Bureau Veritas Gives Blessing to Seatrium’s 30MW Floating Data Center

Talos Energy Farms Into Mexico’s Offshore Oil Block via Repsol Deal

Noble revenue slips on rig suspensions and Black Sea exit

Saipem cuts 2026 forecast, signals Middle East hit for energy contractors

Beyond light and sweet: The carbon advantage of Guyana’s oil production

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