Fugro Nets Two Multi-Year Contracts to Support Brazil’s Deepwater Oil Push

Sept. 2 (OE) Fugro has signed two three-year contracts with offshore energy services company Constellation to support deepwater exploration activities in Campos Basin and the emerging Equatorial Margin, two of Brazil’s most strategically important regions. Fugro’s work will involve deploying advanced remotely operated vehicles (ROVs) aboard Constellation-managed vessels to carry out subsea equipment inspections, interventions... Continue Reading →

September 2, 2025 0

Republican senators seek to change Senate bill clean energy tax, improve tax credits

(Reuters) - Republican Senator Joni Ernst has introduced an amendment to the U.S. Senate's tax and spending megabill that would change two of the most contentious parts of that bill and could give a small boost to wind and solar projects that had been targeted in the draft being debated on the Senate floor. The amendment introduced... Continue Reading →

July 1, 2025 0

Vaca Muerta shale formation propels Argentina closer to energy self-sufficiency, analysts say

(Reuters) - Soaring oil and gas production from Argentina's Vaca Muerta shale formation in the first quarter of 2025 is fueling the nation's push for energy self-sufficiency and ambitious plans to become an important liquefied natural gas exporter, Rystad Energy analysts said on Tuesday. Vaca Muerta, a vast unconventional oil reserve, is pivotal for Argentina... Continue Reading →

June 17, 2025 0

Brazil’s Renewable Energy Revolution

By Haley Zaremba for Oilprice.com Nearly 90% of Brazil's electricity comes from renewables, making it a prime location for energy-intensive AI infrastructure. Amazon, Microsoft, and other tech giants are investing billions in Brazilian data centers powered by clean energy. Brazil aims to prove that a renewable-focused energy grid can sustain large-scale AI growth, challenging the... Continue Reading →

May 12, 2025 0

All Eyes on EU as It Presents Clean Industrial Deal to Future-Proof Energy Sector

(offshoreWIND.biz) The European Union has unveiled the Clean Industrial Deal, a transformational business plan outlining concrete actions to turn decarbonisation into ‘a driver of growth‘ for European industries by supporting renewable energy sources. Specifically, the plan aims to lower energy prices, create ‘quality’ jobs and the ‘right’ conditions for companies to thrive, accelerating decarbonisation while at... Continue Reading →

February 28, 2025 0

Mitsubishi Reassessing Japan Offshore Wind Projects Amid Market Changes

(Reuters) Mitsubishi Corp on Monday said it is reviewing how to proceed with its offshore wind projects in Japan given a "significantly changed" business environment, showing that the country is not immune to rising costs across offshore wind projects globally. Japan, which imports nearly everything for its energy needs, has bet on renewable energy to... Continue Reading →

February 3, 2025 0

Exclusive: Mexico’s Pemex, billionaire Slim renegotiate deepwater gas project

(Reuters) - Mexican billionaire investor Carlos Slim's team and state energy company Pemex are discussing substantial changes to a deal to develop the country's first deepwater natural gas field, five sources familiar with the matter told Reuters. Slim's Mexican holding company Grupo Carso signed a deal last year to partner with Pemex to develop the Lakach field... Continue Reading →

January 31, 2025 0

SBM Offshore on FPSO landscape: Oil & gas demand unlocking financing with CCS poised for ‘biggest impact’ in emission cuts

(offshore-energy.biz) With a backlog of $33 billion and sustainability at the heart of its strategy to future-proof its floating production units, the Netherlands-headquartered SBM Offshore is expecting to see a new batch of 40 floating production, storage, and offloading (FPSO) opportunities in the next three years, out of which around 16 are anticipated to be... Continue Reading →

January 6, 2025 0

The fall of UK North Sea oil and rise of offshore wind

(Reuters) - The British North Sea is one of the world's oldest offshore oil and gas basins where production has been in steady decline since the early 2000s. At the same time, the region has become one of the world's largest and fastest growing offshore wind basins. U.S. President-elect Donald Trump called to "open up" the British... Continue Reading →

January 3, 2025 0

Brazil to put 91 oil blocks on permanent offer

(Reuters) - Brazil will put 91 oil blocks into sale permanently, which could bring 2.4 billion reais ($394.11 million) in signing bonuses in the next round of auctions, said the country's Ministry of Mines and Energy in a Friday statement. The government will make available 39 blocks in Minas Gerais state's Sao Francisco Basin, 41... Continue Reading →

November 29, 2024 0

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