GustoMSC Unveils New Jacking Technology for Offshore Wind Vessels

June 2 (OE) GustoMSC, NOV’s offshore design and engineering business, has developed a new asymmetrical rack-and-pinion technology designed to increase the jacking capacity of offshore wind installation vessels without increasing vessel size, weight or system complexity. The patent-pending asymmetrical rack-and-pinion (ASYM R&P) technology builds on the company’s existing rack-and-pinion jacking systems and is designed to... Continue Reading →

June 2, 2026 0

Trump administration proposes 25% tariff to punish Brazil over trade practices

June 1 (Reuters) - The Trump administration has proposed a new punitive tariff of 25% on many imports from Brazil, after deciding its practices were unfair on ‌a range of issues from digital trade to illegal deforestation, top trade official Jamieson Greer said on Monday. The measures, under the Section 301 trade legislation, cover areas... Continue Reading →

June 2, 2026 0

Petrobras announces adherence to the new economic subvention

June 2, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held yesterday, approved the company’s adherence to the economic subvention granted to producers and importers of road‑use diesel oil in Brazil, in the amount of R$ 1.12 per liter commercialized. This subvention was established by Provisional Measure... Continue Reading →

June 2, 2026 0

MODEC Guyana seeks contractors for FPSO mooring hook-up services for Hammerhead project

June 2 (oilnow.gy) MODEC Guyana is seeking contractors for floating production, storage and offloading (FPSO) vessel mooring hook-up services for the Hammerhead project offshore Guyana, according to a Request for Information (RFI) published on June 1 through the Centre for Local Business Development (CLBD). The opportunity forms part of preparations for the Hammerhead development, which is expected... Continue Reading →

June 2, 2026 0

SBM Offshore and Solstad Offshore in partnership for a new installation vessel

June 1 - SBM Offshore and Solstad Offshore have formed a joint venture, which has entered into a Letter of Intent with a selected shipyard to order a new-build next-generation multi-purpose deepwater installation and construction vessel. The new vessel is targeted for delivery in the first half of 2029. The new vessel will support the... Continue Reading →

June 2, 2026 0

Karoon Energy Completes Transition Period and Assumes Operation of the Bauna Field FPSO

June 1 - Independent oil company Karoon Energy announced the completion of the transition of operations of the Baúna FPSO (formerly called Cidade de Itajaí). To recap, the platform was acquired from Altera & Ocyan (A&O) in April of last year for US$115 million plus approximately US$8 million in transaction costs. Since then, the two... Continue Reading →

June 1, 2026 0

ExxonMobil still assessing development path for Ranger discovery offshore Guyana

June 1 (oilnow.gy) ExxonMobil says more technical work is needed to determine whether the Ranger discovery in Guyana’s Stabroek Block can be developed. Neil Chapman, Senior Vice President of ExxonMobil, discussed the discovery during the Bernstein 42nd Annual Strategic Decisions Conference on May 28. Chapman said Ranger is different from the discoveries that have supported... Continue Reading →

June 1, 2026 0

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

June 1 (OE) Vantage Drilling has entered into a merger agreement under which Norway-based Eldorado Drilling will acquire the offshore drilling contractor in a transaction valuing the company's equity at approximately $257.6 million. Under the agreement, Vantage shareholders will receive $19.00 per share in cash. The transaction has been unanimously approved by Vantage's board of... Continue Reading →

June 1, 2026 0

Brazil’s economy rebounds in early 2026, clouding rate cut outlook

May 30 (Reuters) - Brazil's economy rebounded in the first three months of 2026, supported by household consumption and stronger investment, against a backdrop of ‌a tight labour market and government stimulus that has clouded the outlook for interest rate cuts. Latin America's largest economy expanded 1.1% from the prior quarter, government statistics agency IBGE... Continue Reading →

May 31, 2026 0

The Global Floating Wind Industry Flexes Its Muscles (Including California, Too)

May 30 (cleantechnica.com) Beginning in the early 2000’s, US taxpayers devoted many millions of dollars to support new floating wind turbine technology, enabling many more gigawatts of clean power to be harvested from offshore sites. Too bad all that blood, sweat, and tears went to waste after US President Donald Trump blew up the domestic offshore... Continue Reading →

May 31, 2026 0

Brazil Energy Insight

GustoMSC Unveils New Jacking Technology for Offshore Wind Vessels

Trump administration proposes 25% tariff to punish Brazil over trade practices

Petrobras announces adherence to the new economic subvention

MODEC Guyana seeks contractors for FPSO mooring hook-up services for Hammerhead project

SBM Offshore and Solstad Offshore in partnership for a new installation vessel

Karoon Energy Completes Transition Period and Assumes Operation of the Bauna Field FPSO

ExxonMobil still assessing development path for Ranger discovery offshore Guyana

Vantage Drilling Agrees to $258M Takeover by Eldorado Drilling

Brazil’s economy rebounds in early 2026, clouding rate cut outlook

The Global Floating Wind Industry Flexes Its Muscles (Including California, Too)

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