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Nov 11 (Reuters) - Oil producers TotalEnergies, QatarEnergy and Petronas have signed a five-year agreement with Guyana's government to explore a shallow-water block, authorities and company executives said on Tuesday. Guyana has struggled to diversify its energy industry, currently dominated by a consortium that is led by U.S. Exxon Mobil and that has controlled all crude... Continue Reading →
Nov. 11 (OE) Odfjell Oceanwind has been granted Basic Design Approval (BDA) from DNV for the Deepsea Star floating offshore wind design. The BDA covers the use of Siemens Gamesa’s SG DD-236 15 MW wind turbine generator in a wide range of conditions, including the harsh environments present in multiple offshore wind locations in the... Continue Reading →
Nov. 11 (offshore-energy.biz) How smarter ROV deployment starts with smarter, real-time sea state measurement. The deployment of remotely operated vehicles (ROVs) is one of the most critical and riskiest activities in offshore operations. These subsea systems are essential for tasks such as inspections, repairs and construction in challenging underwater environments. But when it comes to... Continue Reading →
Nov. 10 (PN) The great potential to be discovered in the basins of the Equatorial Margin motivated Petrobras to undertake a long and arduous environmental licensing process with IBAMA (Brazilian Institute of Environment and Renewable Natural Resources). Having overcome this stage, the oil company is now beginning to face the technical and economic challenges. Currently,... Continue Reading →
Nov. 10 - Transpetro launched the third international public tender of the Petrobras System Fleet Renewal and Expansion Program. The new tender calls for the contracting of four new medium-sized vessels of the MR1 (Medium Range) class, with 40,000 gross tonnage (GT), intended for the transport of oil and derivatives along the Brazilian coast. The... Continue Reading →
Nov. 10 (OE) Norway’s TMC Compressors said it has secured a contract to deliver a large-capacity marine compressed air system to MODEC’s new floating production, storage and offloading (FPSO) vessel, Gato do Mato, bound for Brazil. TMC will supply compressors to provide control and service air aboard the vessel, the company said on Monday, without... Continue Reading →
Nov. 7 - The countries with the most FPSOs in the world concentrate large-scale offshore production; the pre-salt layer drives demand for offshore logistics and strengthens maritime operations in the sector. The global map of countries with the most FPSOs in the world reveals a reshaping of power in offshore production. Brazil leads with 46... Continue Reading →
Nov. 7 - Petrobras has obtained permission from the Brazilian environmental agency Ibama to expand the capacity of six oil production platforms by a total of 115,000 barrels per day (bpd), the company announced Thursday in a presentation published to the market. The impact of this expansion will contribute to an increase of 90,000 bpd... Continue Reading →
Nov 7 (Reuters) - Brazil's Petrobras expects annual capital expenditures to be between the midpoint and top of its current estimates, as it rolls out investments faster than expected, the state-run oil company's chief financial officer said on Friday. After investing $5.5 billion in the third quarter, Petrobras' cumulative capex for the first nine months of 2025 reached... Continue Reading →
Nov 7 (Reuters) - Argentine state-controlled energy company YPF (YPFDm.BA), opens new tab swung to a net loss of $198 million in the third quarter, the company said on Friday, saying the loss reflected a deferred tax charge. The company's adjusted earnings before interest, tax, depreciation and amortization (EBITDA), a key measure of industry profitability, stood at... Continue Reading →
Brazil Energy Insight 