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(OE) Hanwha Ocean has held a naming ceremony for its high specification ultra-deepwater drillship Tidal Action, signaling its official entry into the deepwater drilling industry. The Tidal Action is built on Hanwha Ocean’s proprietary design and is capable of drilling at depths of up to 12 kilometers in waters as deep as 3.6 kilometers. The... Continue Reading →
(offshoreWIND.biz) Corio Generation, a standalone portfolio company of Macquarie Asset Management, plans to restructure its offshore wind development business to focus on a smaller portfolio of projects. A spokesperson for Corio Generation said: “Given challenging market conditions in the offshore wind sector, Corio Generation is refocusing its global operations to prioritise the development of a smaller portfolio of... Continue Reading →
(Reuters) Petrobras has completed work on a veterinary center in the Amazon region that is required for it to obtain an environmental permit for an offshore drilling project, the company said on Saturday. The animal care center in the town of Oiapoque, Amapa state, is designed to assist animals in the event of an oil... Continue Reading →
Ocyan announced Rodrigo Lemos as the company's president, succeeding Luiz Reis. Before assuming the new position, Lemos served as executive vice president of Subsea and Offshore Production. The transition was planned over the last few months to ensure continued growth of the company, with a focus on safety, profitability and customer service. Luiz Reis will... Continue Reading →
Brazil's proven oil reserves (1P) increased by 5.92% last year, while the volume of proven and probable reserves (2P) grew by 4.36%. The total of proven, probable and possible reserves (3P) increased by 4.27%. The data was released by the National Agency of Petroleum, Natural Gas and Biofuels (ANP), which published the Annual Bulletin of... Continue Reading →
(PN) Oil and natural gas production in Brazil's onshore fields is expected to continue growing over the next five years, according to projections released by the National Petroleum Agency (ANP). By 2029, extraction from onshore wells could increase by around 29%, according to data presented in the 2025 Annual Production Programs (PAPs). These documents are... Continue Reading →
(PN)The hull of the platform ship (FPSO) P-80 left the Chinese shipyard CIMC Raffles Offshore and headed to a new stage of the project. The vessel is on its way to the Seatrium shipyard in Singapore, where it will undergo the module integration phase. The platform is expected to enter into operation in the Búzios... Continue Reading →
Karoon announced the resumption of operations at the Baúna field in the Santos Basin, after a shutdown that began in early March. In addition, the company also said that it successfully completed the intervention and resumption of production at the SPS-88 well. Thus, production at the field reached 26,500 barrels per day, a level higher... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that Fitch Ratings has affirmed the company's Long-Term Local and Foreign Currency Issuer Default Ratings (IDRs) and outstanding debt ratings at 'BB', with a stable rating outlook. Fitch also has affirmed Petrobras' long-term national scale rating at 'AAA'. Fitch considers that Petrobras' Standalone Credit Profile (SCP) is consistent with... Continue Reading →
(Reuters) - Sweeping U.S. tariffs could prove relatively advantageous for Brazil, Latin America's largest economy, despite President Donald Trump's move to impose a 10% levy on its exports to the United States, economists said on Thursday. Local markets reacted positively to the highly anticipated announcement on Wednesday, with the Brazilian real strengthening past 5.60 per... Continue Reading →
Brazil Energy Insight 