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July 2 (OE) MODEC has completed the forward hull section of floating production, storage and offloading (FPSO) vessel Gato do Mato, marking a key construction milestone for the Brazil-bound offshore production unit. The forward hull section, built at Sumitomo Heavy Industries Marine & Engineering's Yokosuka shipyard in Japan, has departed for China, where it will... Continue Reading →
Amsterdam, June 29, 2026 SBM Offshore announces it has signed the project financing of FSO Chalchi for a total amount of US$465 million.The project financing is provided by a consortium of international banks and institutional investors and includes partial insurance cover from China Export & Credit Insurance Corporation. The project financing will be drawn during... Continue Reading →
June 25 (oinow.gy) SBM Offshore says the GranMorgu floating production, storage and offloading (FPSO) unit will be the largest FPSO it has delivered to date, as construction advances in China for Suriname’s first offshore oil development. Pierre Gaté, Country Entry Manager for SBM Offshore Suriname, provided the update on day 2 of the Suriname Energy,... Continue Reading →
June 23 (oilnow.gy) Venezuela’s efforts to restructure more than US$150 billion in sovereign and oil company debt could improve investor confidence in its energy sector, but obligations to China may complicate any final agreement, according to experts interviewed by S&P Global. The June 12 report noted that Venezuela’s total external debt is estimated at between... Continue Reading →
June 9 (Reuters) - Global offshore wind capacity is set to quadruple over the next decade to reach 420 gigawatts (GW) by the end of 2035, a report by the Global Wind Energy Council (GWEC) showed on Tuesday. Around 92 GW of offshore wind was installed by the end of 2025, enough to power around... Continue Reading →
May 30 (splash) Chinese turbine manufacturer Ming Yang Europe has joined Norwegian Offshore Wind, underscoring its commitment to building deep, long-term partnerships with the European offshore wind community, particularly with Norway, which pioneered floating offshore wind technology. Norwegian Offshore Wind unites around 300 member companies across the offshore wind value chain. Norway has set a... Continue Reading →
May 27 (splash) Major offshore wind markets in the UK, Europe, and APAC, excluding mainland China, are tightening their policy frameworks to support project execution, creating a more stable backdrop than the US, where regulatory uncertainty continues to weigh on market momentum. According to London-based energy market research firm Westwood, marketed utilisation for wind turbine... Continue Reading →
May 27 (oilprice.com) One of Europe's biggest wind turbine makers, Germany-based Nordex, is calling for stricter EU regulations to exclude non-western equipment from the supply chain of new renewable projects, as the European industry remains concerned about China's market dominance in the clean energy supply chain. "We believe the western-origin principle should therefore apply to... Continue Reading →
May 6 (offshoreWIND.biz) China Three Gorges (CTG) Corporation has completed the installation of a 16 MW floating offshore wind turbine, described as the world’s largest single-unit floating wind turbine platform, off Yangjiang, Guangdong. The Sanxia Linghang (Three Gorges Pilot) platform was installed on 2 May in waters located more than 70 kilometres offshore at depths... 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 →
Brazil Energy Insight 