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(Reuters) - The government of President Luiz Inácio Lula da Silva expects to raise $2 billion in financing for sustainable projects through a new auction to be announced on Monday as part of the Eco Invest Brazil program, focusing on initiatives to recover degraded pastures. According to Brazil Treasury Secretary Rogério Ceron, the country has... Continue Reading →
(OE) Noble Corporation has reported that its contract drilling services revenue for the first quarter of 2025 totaled $832 million compared to $882 million in the fourth quarter of 2024, with the sequential decrease driven primarily by the benefit received in the fourth quarter of 2024 from the Noble Deliverer's early termination fee. Contract drilling... Continue Reading →
(Reuters) BP on Tuesday reported a deeper-than-expected 48% drop in net profit to $1.4 billion on weaker refining and gas trading and announced the departure of its strategy chief. CEO Murray Auchincloss is in under pressure from activist investor Elliott to improve profitability and cut costs. He has announced plans to sell $20 billion of... Continue Reading →
(oilnow.gy) ExxonMobil will relinquish at least 9% of the vast Stabroek Block in Guyana as required by its petroleum agreement, according to the Ministry of Natural Resources. The Stabroek Block, spanning 26,800 square kilometers, is the centerpiece of Guyana’s deepwater oil boom. Exxon and its partners Hess and CNOOC have made over 30 discoveries on... Continue Reading →
(Reuters) Portugal's Galp Energia reported a 29% drop in adjusted first-quarter core profit on Monday, hit by falling oil output and a decline in refining margins to less than half the levels booked a year ago. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to 669 million euros, slightly above the average of... Continue Reading →
(OE) MODEC has executed a contract with Sumitomo Heavy Industries for the delivery of Gato do Mato floating production, storage and offloading (FPSO) unit for Shell, which will be deployed offshore Brazil. MODEC and Sumitomo Heavy Industries signed a contract for the forward block of MODEC’s new generation hull for the Gato do Mato FPSO,... Continue Reading →
Oil States announced the signing of a new contract with Petrobras to provide inspection and maintenance services for cranes and cargo handling equipment on offshore platforms. The agreement will last three years and will cover units located in the Tupi, Berbigão and Atapu fields in the Santos Basin. According to the company, the services will... Continue Reading →
(offshore-energy.biz) China-based provider of clean energy services Wison New Energies (WNE) has won a detailed feasibility study (DFS) for a newbuild floating liquefied natural gas (FLNG) facility set to work at a block offshore Suriname operated by Malaysia’s energy giant Petronas. The FLNG unit is slated to work at Block 52, located north of the Surinamese... Continue Reading →
(offshoreWIND.biz) The consortium behind the Hibiki floating wind turbine in Japan has announced that the 3 MW two-bladed project entered commercial operation. The Hibiki barge-type floating system, the first of its kind in Japan, features the Aerodyn SCD 3 MW two-bladed turbine installed on Ideol’s Damping Pool floating foundation. Located 15 kilometres off the Kitakyushu coast,... Continue Reading →
(Reuters) - Top oilfield services provider SLB joined rivals on Friday in warning of lower spending by oil producers and tariff impacts, after missing its first-quarter profit estimates due to a significant reduction in drilling activity in Mexico. Shares of the company were largely flat after declining as much as 2% in premarket trading. SLB's report... Continue Reading →
Brazil Energy Insight 