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(Reuters) The Japanese government on Wednesday announced a revision of its rules for offshore wind power auctions as the sector globally grapples with delays and soaring expenses driven by tight supply chains and inflation. After a number of consultations since September to find ways to ensure the completion of offshore projects, Japan's industry and land... Continue Reading →
(offshore-energy.biz) A jack-up rig owned by offshore drilling contractor Valaris is en route to Angola for a drilling contract it secured last year, following preparations in Texas. According to Valaris, after completing a project at the Kiewit Shipyard in Corpus Christi, Texas, the VALARIS 144 rig has embarked on a voyage to Angola for its... Continue Reading →
(Reuters) - Oil and gas producer Hess Corp's fourth-quarter profit surpassed Wall Street expectations on Wednesday, buoyed by higher production volumes in the United States and Guyana. Its total production rose over 18% to 495,000 barrels of oil equivalent per day (boepd) in the quarter, boosted by a 7% increase in volumes in the Bakken shale... Continue Reading →
(Reuters) Trinidad and Tobago on Tuesday offered 26 offshore oil and gas blocks in its largest-ever auction of areas for deepwater exploration and production, according to an official notice. The twin-island Caribbean country, Latin America's largest exporter of liquefied natural gas (LNG), is pushing producers, especially those offshore, to accelerate natural gas output in order... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that, in 2024, it achieved all the production targets set in its Strategic Plan 2024-2028+, within a range of ±4%. The total production of oil and natural gas reached 2.7 million barrels of oil equivalent per day (boed). The commercial production of oil and natural gas reached 2.4 million... Continue Reading →
(Folhapress) The decision by the President of the United States, Donald Trump, to suspend new wind power projects in the country, arguing that windmills “kill their birds and ruin their beautiful landscapes”, has the potential to boost the interest of investors in this sector in the Brazilian market. Trump's action mainly halts future leasing of... Continue Reading →
Posidonia, one of the leading Brazilian companies in the shipping and maritime transportation sector, celebrates the arrival of another vessel to its fleet: the Posidonia Phanther, which docked in Rio de Janeiro this Monday.The PSV 5000 model vessel arrives to integrate the company's strategy of expanding its operations in the Brazilian shipping market, responding to... Continue Reading →
(OE) Enova, owned by the Norwegian Ministry of Climate and Environment, has awarded a grant of $107 million to Norway-based Wind Catching Systems for the deployment of a Windcatcher multi-turbine floating wind demonstrator. The $107 million has been awarded to Wind Catching Systems’ subsidiary Wind Catching Demo for the deployment of a commercial demonstrator unit... Continue Reading →
Oceaneering, a global provider of engineered services and products for the offshore energy industry, has placed an initial order for a minimum of 100 units of Exail’s new Octans 9 Attitude Heading Referencing Systems (AHRS). This strategic acquisition underscores Oceaneering's commitment to innovation and operational excellence while significantly enhancing its capabilities in offshore survey and... Continue Reading →
BRAVA ENERGIA S.A. in compliance with the provisions of CVM Resolution No. 44, hereby informs its shareholders and the market in general of the following updates on the Papa-Terra field. (i) Final authorization for the Papa-Terra field measurement systems On January 26, 2025, the Company obtained the definitive authorization from the Oil and Natural Gas... Continue Reading →
Brazil Energy Insight 