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May 28 (oilprice.com) Floating solar farms could be significantly more efficient than solar farms on land thanks to the natural cooling effects of seawater, according to new findings from a comparative study conducted by researchers from the National Taipei University of Technology (NTUT) in Taiwan. The floating solar panels used in the study produced 12... Continue Reading →
May 27 (OE) TGS has been awarded a large and high-end 4D streamer contract offshore Angola. The program is scheduled to commence acquisition in early July 2026, and the contract has a duration of approximately eight months. Kristian Johansen, CEO of TGS, commented, “We are very pleased with this contract award, which reinforces TGS’ strategic... Continue Reading →
May 20 (OE) BW Energy has made final investment decisions (FID) for the Bourdon development in the Dussafu license offshore Gabon and a new infill drilling campaign in the Golfinho license offshore Brazil, targeting combined 2P reserves of 68 million barrels of oil equivalent. The company said the two projects are expected to increase net... Continue Reading →
May 5 (OE) Gulf Marine Services (GMS), a provider of jack-up support vessels to the offshore energy industry, has secured two contracts, marking its entry into Africa and Latin America and expansion of its footprint into new offshore energy markets. The first contract covers the deployment of a newly acquired vessel on a 170-day charter,... Continue Reading →
April 27 (Reuters) - Portugal's Galp was upbeat about its 2026 performance on Monday after reporting a 41% rise in first-quarter adjusted core profit, as higher Brazilian output and stronger crude oil prices shielded it from Middle East supply disruptions. Galp shares were up 2% in morning trading after it reported adjusted earnings before interest, tax,... Continue Reading →
April 23 (OE) Deepwater production continues to remain a core part of the long-term energy supply mix. While production from conventional onshore and shallow-water assets is expected to remain broadly flat under our base case, Welligence estimates that global deepwater oil production will grow from its current level of around 8 million bbl/d to close... Continue Reading →
April 22 (Reuters) - U.S. oilfield services provider Halliburton warned disruptions caused by the Iran war and the closure of the Strait of Hormuz could cut current-quarter earnings per share by about 7 to 9 cents after beating first-quarter profit estimates. The Strait of Hormuz is a key global energy chokepoint, and the company said... Continue Reading →
Rio de Janeiro, April 17, 2026 - Petróleo Brasileiro S.A. – Petrobras announces that it has signed an agreement to acquire an interest and assume operatorship of Block 3, offshore São Tomé and Príncipe, Africa, from Oranto Petroleum Limited (Oranto). The current consortium is composed of Oranto, the current operator with a 90% interest, and... Continue Reading →
April 15 (oilprice.com) UK-based supermajor BP has agreed to buy 60% in three offshore exploration blocks in Namibia as part of its ongoing strategy to grow its upstream portfolio. The company will buy from Canada-based Eco Atlantic Oil & Gas a majority 60% stake in each of the PEL97, PEL99, and PEL100 exploration blocks offshore Namibia, one... Continue Reading →
March 30 (OE) Yinson Production has started operating a pilot carbon capture and storage (CCS) unit on the Agogo floating production, storage and offloading (FPSO) vessel offshore Angola, which is deemed the world’s first post-combustion CO2 capture plant installed on an offshore facility. The system has been developed in collaboration with Azule Energy and Norway-based... Continue Reading →
Brazil Energy Insight 