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Dec 22 (Reuters) - The Trump administration suspended leases on Monday for five large offshore wind projects that are under construction off the U.S. East Coast over what it called national security concerns, sending shares of offshore wind companies plunging. The suspension was the latest blow for offshore wind developers that have faced repeated disruptions to their... Continue Reading →
Dec. 22 (offshoreWIND.biz) Singapore-based Seatrium Limited and Phoenix II A/S, an affiliate of Maersk Offshore Wind, have settled their dispute over a Wind Turbine Installation Vessel (WTIV) ordered at Seatrium by Maersk, with Maersk agreeing to accept the delivery of the vessel next year. Back in early October, Maersk terminated the USD 475 million (approximately... Continue Reading →
Dec. 19 - BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), in response to the Official Letter n. 343/2025/CVM/SEP/GEA-1, sent to the Company in December 17, 2025 (“Official Letter”), hereby clarifies the news published by the newspaper CNN Brasil, section Economia/Negócios, in December 17, 2025 (link available here). The contents of the Official Letter are... Continue Reading →
Dec. 19 (oilnow.gy) Guyana’s Vice President Bharrat Jagdeo said on Thursday that the United States has assured Georgetown it will support and protect the country’s territorial integrity, including American assets operating in Guyanese waters, amid heightened tensions between Washington and Caracas. During a press conference in Georgetown, Jagdeo responded to questions about the possibility of... Continue Reading →
Dec. 19 (oilnow.gy) U.S. oilfield equipment maker NOV Inc. announced that it won a third-quarter contract from ExxonMobil Guyana to supply an actively heated flexible pipe system for the Hammerhead field development offshore Guyana. NOV said the scope of work includes the design, engineering, procurement, fabrication and testing of a complete flexible pipe system, expected... Continue Reading →
Dec. 19 - Petrobras has approved the final investment decision for the development of the Sergipe Deepwater Project Module 2 (SEAP II), in the Sergipe-Alagoas Basin. The project is strategic for expanding the availability of domestic gas, as well as opening a new production frontier in the Northeast region. The SEAP II project encompasses deposits... Continue Reading →
December 18, 2025 – Petróleo Brasileiro S.A. - Petrobras announces the signing of new long-term contracts with Braskem S.A., considering the upcoming expiration of current agreements, for the following commercial relationships: Contracts for the Purchase and Sale of Petrochemical Naphtha to supply Braskem's plants in the states of São Paulo, Bahia, and Rio Grande do... Continue Reading →
Dec. 18 (oilprice.com) Brazil, Guyana, and Argentina are set to be major drivers of non-OPEC oil supply growth in 2026, accounting for half of the expected 0.8 million barrels per day (b/d) increase in 2026 the U.S. Energy Information Administration has predicted. According to the energy watchdog, Brazil's growth will mainly be driven by new offshore... Continue Reading →
Dec. 18 (offshore-energy.biz) Norwegian vessel owner DOF Group has landed seven contract extensions with Brazil’s state-owned energy giant Petrobras, which will add more than $160 million to the firm’s backlog. While disclosing seven new contract extensions with Petrobras in Brazil, DOF explains that five of its Brazilian-flagged anchor handling tug supply (AHTS) vessels, all with... Continue Reading →
Dec. 18 (OE) SBM Offshore has signed a contract extension related to the lease and operation of floating production, storage and offloading (FPSO) units Mondo and Saxi Batuque with ExxonMobil’s Angolan subsidiary. The extension secures ownership and operations by SBM Offshore until 2032 for the FPSOs in Block 15 offshore Angola, operated by Esso Exploration... Continue Reading →
Brazil Energy Insight 