July 31 (offshoreWIND.biz) The French government has selected five ports to receive nearly EUR 260 million in funding under the France 2030 investment programme to upgrade infrastructure supporting the country’s floating offshore wind industry. The selected ports are Cherbourg, Brest, Nantes-Saint Nazaire, Port-la-Nouvelle, and Marseille-Fos, with the port funding expected to leverage almost EUR 1... Continue Reading →
Fugro Forecasts Offshore Wind Recovery Outlook Delay to 2027
July 31 (Reuters) Dutch geological data specialist Fugro said on Friday the offshore wind downturn has yet to bottom out and that a recovery was not expected before 2027, sending its shares down around 10%. The company said uncertainty remained high due to weak offshore wind markets and the conflict in the Middle East, adding... Continue Reading →
Chevron Posts Strongest Quarterly Profit in Six Years
July 31 (Reuters) Chevron surpassed analyst estimates for second-quarter earnings on Friday, reporting its highest quarterly profit in at least six years as the U.S.-Israeli war with Iran disrupts world energy markets, boosting profits for the biggest oil companies. Adjusted earnings of $12 billion, or $6.06 per share, beat the average analyst estimate of $5.56... Continue Reading →
Guyana Longtail subsea contract among Saipem’s biggest Q2 2026 awards
July 30 (oilnow.gy) Saipem has identified its subsea contract for ExxonMobil Guyana’s Longtail development as one of its largest contract awards during the second quarter of 2026, according to the company’s first-half results released on July 27. The award was listed alongside other major offshore contracts secured by Saipem during the quarter, including projects in Angola and... Continue Reading →
Eni’s Second Quarter Profit Hits Three-Year High
July 30 (Reuters) Italian energy group Eni on Wednesday lifted its share buyback programme by €600 million to €3.4 billion ($3.9 billion) after reporting better than expected second-quarter results. The company's adjusted net profit more than doubled in April-June compared with the same period last year to €2.3 billion, beating an analyst consensus of €2.09... Continue Reading →
Shell’s Quarterly Profit More Than Doubles, Beats Forecasts
July 30 (Reuters) Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle East conflict. Higher oil and gas prices, stronger liquefied natural gas (LNG) and oil trading and improved chemicals margins helped support the... Continue Reading →
Renewables firm EDPR’s recurring first-half profit jumps 33%, driven by US business
July 29 (Reuters) - EDP Renewables, the world's fourth-largest wind energy producer, said on Wednesday recurring first-half net profit rose 33% from a year earlier and beat analysts' expectations, driven by solid growth in U.S. operations. The renewables arm of Portugal's EDP said recurring net profit, which excludes one-offs, reached €183 million ($209 million), exceeding the... Continue Reading →
“Ugly and rusty,” Venezuela’s refineries are relics that will be hard to revive
July 29 (Reuters) - The Paraguana Refining Center in Western Venezuela once symbolized the country's oil wealth and its ambition to turn vast crude reserves into fuels and export revenue. Today, the 955,000-barrel-per-day complex in Falcon state runs at a fraction of capacity, a decline decades in the making and unrelated to the strong earthquakes... Continue Reading →
Petrobras 2Q 2026 Operational Data
July 29 - Petrobras second quarter of 2026 production of oil and natural gas reached a record 3.34 million barrels of oil equivalent per day (boed)—up 14.1% from the same quarter last year and 3.4% from the first quarter of 2026. This growth was driven primarily by increased operational efficiency and the production ramp-up of... Continue Reading →
ABS: Demand for Floating Offshore Wind Vessels is Rising
July 28 (OE) Demand for high-capability offshore support vessels for floating offshore wind is expected to strengthen in the late 2020s, with availability constraints emerging in some segments as early as 2029, according to a new report from ABS. Produced by ABS in collaboration with Intelatus Global Partners, Floating Offshore Wind and the Vessels That Support... Continue Reading →