Brought to you by Quest Offshore & Southern Cone Consultants
Feb. 27 ( maritime-executive.com) Three of the five offshore wind projects under construction in the northeast U.S. have each signaled this week strong progress. It comes after each project received preliminary injunctions against the U.S. Department of the Interior and the Bureau of Ocean Energy Management, which had imposed stop-work orders in late December. Speaking... Continue Reading →
Feb. 27 (Reuters) Venezuela's oil ministry has suspended 19 oil production-sharing contracts with private companies signed under the administration of President Nicolas Maduro, four sources with knowledge of the move told Reuters on Thursday. The suspension has had no impact on the country's oil and gas output so far, the sources said. State oil giant... Continue Reading →
Feb. 27 (OE) Dutch geological data specialist Fugro has announced its chief financial officer (CFO) Barbara Geelen will step down from the position. Geelen will step down from the Board of Management of Fugro per the close of the upcoming AGM, to be held on 23 April 2026. She will continue to contribute to Fugro... Continue Reading →
Feb. 27 (oilprice.com) The U.S. Department of Justice is siding with Argentina in a legal case of $18 billion relating to the 2012 nationalization of Argentinian oil company YPF. In 2012, the Argentine government took control of the country’s largest oil and gas company, YPF S.A. The legal fight stems from Argentina’s 2012 expropriation of YPF shares... Continue Reading →
Singapore, 27 February 2026 – Seatrium Limited (“Seatrium” or the “Group”) is pleased to announcethe successful delivery of the next-generation Wind Turbine Installation Vessel (“WTIV”), which washanded over to its customer, Maersk Offshore Wind (“MOW”), on 26 February 2026. This milestonefollows the successful completion of sea trial activities and final readiness evaluations at the Group’sflagship... Continue Reading →
Feb. 27 (oilprice.com) South America is set to maintain its position as the most significant region for floating production, storage, and offloading (FPSO) vessels, with 36 projects awarded or expected to be awarded between 2021 and 2030, totaling field greenfield commitments worth around $181 billion. Among these 36 projects, 25 have disclosed FPSO costs ranging... Continue Reading →
Feb. 27 (Reuters) Dutch geological data specialist Fugro on Friday reported a 21 million euro ($25 million) annual loss reflecting challenges in the offshore wind industry and said its finance chief would step down in April. The Amsterdam-listed firm's consolidated revenue came in at 1.85 billion euros, 427 million euros less than in 2024, of... Continue Reading →
FEB. 26 (offshoreWIND.biz) The government of Nova Scotia has introduced legislation that would set bid fees and levies for offshore wind developers as part of the Canadian province’s broader offshore wind licensing regime. On 24 February, Premier of Nova Scotia, Tim Houston, tabled the Powering the Economy Act, which creates an Offshore Renewable Energy Revenue... Continue Reading →
Feb. 26 (OE) Intermoor, Acteon’s Moorings and Anchors business been awarded a new contract by Petrobras for the provision of stack-up mooring system services in Brazil. This work will support light-workover interventions and abandonment operations on installed subsea Christmas trees across both anchored and dynamically positioned mobile offshore drilling units (MODUs) and well intervention vessels (WIVs).... Continue Reading →
Feb 26 (Reuters) - Italian energy group Eni beat forecasts on Thursday with a 35% year-on-year jump in fourth-quarter adjusted earnings, driven by a strong performance in its exploration and production division and improved refining results. Adjusted net profit came in at 1.2 billion euros ($1.4 billion) between October and December, beating an analysts' consensus forecast... Continue Reading →
Brazil Energy Insight 