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July 22 (oilprice.com) Since Middle East hostilities reignited, oil prices have soared higher, although they remain below the highs witnessed during April 2026. This can be blamed on U.S. strikes against Iran, with Tehran and Washington disrupting traffic in the Strait of Hormuz, through which a fifth of global hydrocarbon supplies are shipped. This has sparked greater demand for Brazil’s... Continue Reading →
July 10 (OE) TotalEnergies has shipped the first cargo produced by the ECA LNG Phase 1 export terminal on Mexico's Pacific coast to Asia as the facility undergoes commissioning. The company holds a 16.6% stake in the project alongside operator Sempra Infrastructure and will offtake 1.7 million tonnes per annum of LNG for 20 years... Continue Reading →
June 16 (OE) Scottish floating wind technology developer Encomara has received Product Design Assessment (PDA) approval from the American Bureau of Shipping (ABS) for its Squid floating offshore wind installation system, marking a key certification milestone as the company advances the technology toward commercial deployment. The PDA follows Approval in Principle (AiP) granted by ABS... Continue Reading →
June 11 (offshore-energy.biz) Brazilian state-owned energy heavyweight Petrobras has initiated a revenue stream with the first oil offloading from its eighth floating production, storage and offloading (FPSO) unit, which is working at a field in the Santos Basin off the coast of Brazil. Following its departure from Hanwha Ocean’s South Korean shipyard in Geoje in November 2025,... Continue Reading →
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 6 (Reuters) Danish offshore wind developer Orsted on Wednesday reported a first-quarter core profit above forecasts, driven by an increase in power output and kept its full-year outlook for the year. Orsted in recent years struggled with soaring costs from supply chain disruption and inflation and last year said it would focus more on... Continue Reading →
April 30 (Reuters) - Brazil's Petrobras has cut to zero its oil exports to the U.S., as the conflict in Iran reshaped oil flows across the world and China became the destination for around 62% of the state-run oil firm's crude sent abroad in the first quarter. Petrobras exported about 1.12 million barrels per day of... Continue Reading →
The changing global bottom-fixed offshore wind turbine and foundation installation market May 1 (OE) The last two or three years have seen a change in the underlying stakeholder support for the energy transition, resulting in the energy trilemma being focused more on energy security and affordability than transition, which means a pivot away from renewables... Continue Reading →
March 10 (OE) X1 Wind has received a Statement of Compliance for the basic design of its X100 floating offshore wind platform from classification society DNV, marking a key milestone in the development of the company’s floating wind technology. The certification confirms that the X100 platform meets international engineering and safety standards under the DNV-SE-0442... Continue Reading →
March 30 - Equinor has reached a significant milestone in the construction of the Raia FPSO (BM-C-33 project) with the completion of the lifting of modules at the Seatrium Angra dos Reis shipyard (formerly BrasFELS). In November 2025, the modules manufactured in Brazil were completed and shipped to Singapore, where they will be integrated into... Continue Reading →
