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Feb. 16 (OE) Azule Energy, jointly owned by Eni and BP, has made an oil discovery at the Algaita-01 exploration well in Block 15/06 offshore Angola, with initial estimates pointing to approximately 500 million barrels of oil in place. The well, located in the offshore Lower Congo Basin, was spudded on January 10, 2026, in... Continue Reading →
Feb. 16 (oilprice.com) Latin America is attracting greater attention from international investors thanks to its strong renewable energy and critical mineral potential. In recent years, the region’s green energy capacity has steadily grown, while more mineral mining projects are developed, and the electric vehicle (EV) market is beginning to expand. As the United States takes... Continue Reading →
Feb. 14 (oilprice.com) The massive unconventional oil boom underway in Argentina continues to gain momentum. During late 2024, Argentina, which is South America’s second largest economy after Brazil, overtook Colombia to become the continent’s fourth largest oil producer. The surge in petroleum revenues, coupled with President Javier Mieli’s economic reforms, is a boon for one of the... Continue Reading →
Feb. 13 (offshoreWIND.biz) DNV has issued a prototype certificate for a mooring line component which mitigates dynamic mooring and platform loads on floating wind turbines, developed by the Irish engineering company Dublin Offshore. The certificate for Dublin Offshore’s load reduction device (LRD) was issued following completion of the prototype certification process in line with DNV‑SE‑0422... Continue Reading →
Feb. 12 (TN) The Brazilian government has made decisive progress in national energy policy by authorizing the expansion of areas for oil and gas exploration in deep and ultra-deep waters in the Campos, Santos, and Espírito Santo basins. This historic decision, built in an integrated manner between the Ministry of Mines and Energy (MME) and... Continue Reading →
12 February 2026 – Jumbo Offshore has completed mooring pre-installationactivities for the FPSO Errea Wittu for Exxon Mobil Guyana Ltd. at Uaru Field,Stabroek Block, Offshore Guyana, on behalf of Modec. The scope of work included theinstallation of suction anchors and the pre-lay of mooring lines in preparation forFPSO hook-up.Jumbo Offshore performed installation engineering, procurement, mobilisation... Continue Reading →
Feb 12 (Reuters) - The administration of President Donald Trump on Thursday plans to announce the repeal of a scientific finding that greenhouse gas emissions endanger human health, removing the legal basis for federal climate regulations. The move represents the most sweeping climate change policy rollback by the administration to date, after a string of... Continue Reading →
Feb. 12 (OE) GustoMSC, through its parent company NOV, has secured contracts for the design and supply of critical equipment for Hanwha Ocean’s new wind turbine installation vessel (WTIV), based on the GustoMSC NG-16000X design, with delivery scheduled for the second quarter of 2028. The vessel will be the fourth based on the NG-16000X platform,... Continue Reading →
Feb. 12 (OE) BW Offshore has unveiled a floating blue ammonia FPSO concept developed in collaboration with McDermott International, combining offshore production, carbon capture and direct export to convert surplus natural gas into lower-carbon fuel. The floating production, storage and offloading (FPSO) concept is designed to process up to 3 million cubic meters of gas... Continue Reading →
February 12, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact published on 11/06/2025 and the Communication published on 12/11/2025, informs that it will pay on 02/20/2026 the first installment of shareholder remuneration referring to the anticipation of compensation related to the 2025 fiscal year, declared in accordance with the balance... Continue Reading →
Brazil Energy Insight 