Corio Generation to Reorganise Amid Offshore Wind Market Headwinds

(offshoreWIND.biz) Corio Generation, a standalone portfolio company of Macquarie Asset Management, plans to restructure its offshore wind development business to focus on a smaller portfolio of projects. A spokesperson for Corio Generation said: “Given challenging market conditions in the offshore wind sector, Corio Generation is refocusing its global operations to prioritise the development of a smaller portfolio of... Continue Reading →

April 8, 2025 0

Celtic Sea Floating Wind Seabed Leasing Round Moves to Final Stage

(offshoreWIND.biz) On 7 April, The Crown Estate announced that the plans for a new generation of floating wind farms off the coasts of Wales and South West England moved a step closer as the leasing round for three sites in the Celtic Sea entered its final stages. Additionally, the companies bidding to build the projects... Continue Reading →

April 7, 2025 0

TGS Gets Shallow-Water OBN Job off Trinidad

(OE) Norwegian seismic firm TGS has secured a shallow-water ocean bottom node (OBN) acquisition contract offshore Trinidad. The 3D baseline contract is scheduled to begin in early third quarter of 2025. The total duration of the survey is approximately 80 days. "Our OBN technology continues to be the preferred choice of the industry and exposes... Continue Reading →

April 7, 2025 0

Petrobras Completes Veterinary Center Required for Offshore License

(Reuters) Petrobras has completed work on a veterinary center in the Amazon region that is required for it to obtain an environmental permit for an offshore drilling project, the company said on Saturday. The animal care center in the town of Oiapoque, Amapa state, is designed to assist animals in the event of an oil... Continue Reading →

April 7, 2025 0

Ocyan announces new president

Ocyan announced Rodrigo Lemos as the company's president, succeeding Luiz Reis. Before assuming the new position, Lemos served as executive vice president of Subsea and Offshore Production. The transition was planned over the last few months to ensure continued growth of the company, with a focus on safety, profitability and customer service. Luiz Reis will... Continue Reading →

April 4, 2025 0

UK Grants Development Consent for Rampion 2 Offshore Wind Farm

(OE) The government of U.K. has approved 1.2 GW extension to Rampion offshore wind farm, Rampion 2, off the Sussex coast. The Development Consent Order (DCO) for the Rampion 2 offshore wind farm project, an extension to the existing Rampion wind farm nearby, is being led by global renewables company RWE, on behalf of joint... Continue Reading →

April 4, 2025 0

Brazil’s proven 1P reserves increased by 5.9% in 2024

Brazil's proven oil reserves (1P) increased by 5.92% last year, while the volume of proven and probable reserves (2P) grew by 4.36%. The total of proven, probable and possible reserves (3P) increased by 4.27%. The data was released by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), which published the Annual Bulletin of... Continue Reading →

April 4, 2025 0

ANP forecasts 29% increase in production from Brazilian onshore fields by 2029

(PN) Oil and natural gas production in Brazil's onshore fields is expected to continue growing over the next five years, according to projections released by the National Petroleum Agency (ANP). By 2029, extraction from onshore wells could increase by around 29%, according to data presented in the 2025 Annual Production Programs (PAPs). These documents are... Continue Reading →

April 4, 2025 0

FPSO P-80 hull left China for Singapore to begin integration

(PN)The hull of the platform ship (FPSO) P-80 left the Chinese shipyard CIMC Raffles Offshore and headed to a new stage of the project. The vessel is on its way to the Seatrium shipyard in Singapore, where it will undergo the module integration phase. The platform is expected to enter into operation in the Búzios... Continue Reading →

April 4, 2025 1

Karoon resumes production at the Bauna Field in the Santos Basin

Karoon announced the resumption of operations at the Baúna field in the Santos Basin, after a shutdown that began in early March. In addition, the company also said that it successfully completed the intervention and resumption of production at the SPS-88 well. Thus, production at the field reached 26,500 barrels per day, a level higher... Continue Reading →

April 4, 2025 0