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Amsterdam, June 29, 2026 SBM Offshore announces it has signed the project financing of FSO Chalchi for a total amount of US$465 million.The project financing is provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation. The project financing will be drawn during... Continue Reading →
June 26 (Reuters) - Venezuela's crude production levels were unaffected by two earthquakes this week that have killed almost 1,000 people, the country's oil minister said on Friday, but power outages remain a hurdle to fully restoring port, refining and petrochemical operations. Roads have been reopened and power service has been brought back in many regions that... Continue Reading →
June 25 (offshoreWIND.biz) California has notified the US Department of the Interior (DOI) and Golden State Wind (GSW) of its intention to sue over the federal government’s agreement with the developer to terminate an offshore wind lease off the state’s Central Coast. In a Notice of Intent to Sue issued on 23 June, California Attorney... Continue Reading →
June 25 (oinow.gy) SBM Offshore says the GranMorgu floating production, storage and offloading (FPSO) unit will be the largest FPSO it has delivered to date, as construction advances in China for Suriname’s first offshore oil development. Pierre Gaté, Country Entry Manager for SBM Offshore Suriname, provided the update on day 2 of the Suriname Energy,... Continue Reading →
June 25 (OE) Japanese offshore services company MODEC has secured a contract to supply a SOFEC internal turret mooring system for the Coral Norte floating liquefied natural gas (FLNG) project offshore Mozambique, being developed by Eni and its partners. MODEC is collaborating with the Technip Energies-JGC joint venture on the project to support integration and... Continue Reading →
June 25 (OE) Baker Hughes has secured a significant contract award from Azule Energy to supply subsea production systems for the Greater PAJ development offshore Angola. Under the agreement, Baker Hughes will provide deepwater horizontal tree systems for the ultra-deepwater greenfield project, as well as subsea control modules, intervention workover control systems and associated connection,... Continue Reading →
On June 23, the Búzios field, located in the Santos Basin pre-salt, reached a record average daily production of 1.1 million barrels of oil per day, surpassing the 1-million mark achieved in October 2025. As the country's largest field in terms of production and reserve volume, Búzios accounts for approximately one-third of all oil production... Continue Reading →
June 24 - ASCO, a global logistics, materials management and operations specialist, has signed a Heads of Terms with N.V. Dordt Gateway to establish a strategic joint venture to support the development and operation of the Dordt Marine Support Base in Commewijne, Suriname. The agreement includes the formation of a joint operating company, Dordt Operations... Continue Reading →
June 24 (Reuters) - Energy producer TotalEnergies expects to begin a new well drilling campaign next year to extend its exploration targets in Suriname, the French company's vice president for exploration in the Americas said on Wednesday. TotalEnergies' largest development in Suriname, the $10.5 billion Gran Morgu offshore project, is set to begin oil output... Continue Reading →
June 24 (Reuters) Malaysia's state-controlled energy producer Petronas has made another gas discovery at offshore Block 52 in Suriname, the South American country's President Jennifer Simons said on Tuesday, while a company executive said the block's eight discoveries contain more than 1 billion barrels of oil equivalent. Suriname is seeking to follow neighbouring Guyana's transformation... Continue Reading →
Brazil Energy Insight 