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June 30 (OE) Houston-based Nauticus Robotics has strengthened its balance sheet through a debt-for-equity exchange that eliminates approximately $4 million in outstanding debt while increasing shareholders' equity. The company announced June 30 that an existing lender agreed to convert approximately $4.0 million in outstanding indebtedness and accrued interest under Nauticus' Senior Secured Term Loan Agreement... Continue Reading →
Rio de Janeiro, June 23, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with Petróleos Mexicanos (PEMEX), with the purpose of establishing strategic and technical cooperation for the assessment, development and joint execution of projects in the hydrocarbons industry, including the development of opportunities in the... Continue Reading →
June 23 (OE) Italian energy services company Saipem has launched operations for the GranMorgu offshore project in Suriname with the arrival of the multi-purpose construction vessel Normand Navigator at the Jules Sedney Harbour commercial port in Paramaribo. The vessel is berthed and ready to begin preliminary activities for the project, which is located in Block... Continue Reading →
June 23 (OE) Energy and marine consultancy ABL has opened a new office in Salvador, Brazil, expanding its presence in the country and strengthening its asset integrity management offering for the oil and gas, maritime and industrial sectors. The new office will support asset integrity management projects in Brazil and across the wider Americas region,... Continue Reading →
June 22 (Reuters) - Azule Energy, a joint venture between BP and Eni, and its partners have approved the $5.1 billion Greater PAJ offshore oil project in Angola, company and government officials said at a signing ceremony on Monday. Partners in the project, Angola's first integrated cross-block development, include Norway's Equinor, Angola's oil and gas agency... Continue Reading →
June 16 (OE) Oslo-listed consultancy company ABL Group plans to change its name to Aqualis, seeking to eliminate confusion created by the use of ABL as both the name of the listed parent company and one of its operating businesses. The group provides marine, energy, engineering and technical consulting services to the renewables, maritime and... 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 →
June 4 (OE) MODEC and Norway-based Eld Energy have signed a memorandum of understanding to develop a 1.2 MW power system integrated with carbon capture for future floating production, storage and offloading (FPSO) vessels. Under the agreement, Eld Energy will lead the design, procurement and construction of the solid oxide fuel cell (SOFC)-based power system,... Continue Reading →
June 2 (OE) GustoMSC, NOV’s offshore design and engineering business, has developed a new asymmetrical rack-and-pinion technology designed to increase the jacking capacity of offshore wind installation vessels without increasing vessel size, weight or system complexity. The patent-pending asymmetrical rack-and-pinion (ASYM R&P) technology builds on the company’s existing rack-and-pinion jacking systems and is designed to... Continue Reading →
May 25 (oilnow.gy) ExxonMobil proposed Longtail development will incorporate multiple environmental safeguards aimed at reducing impacts on marine ecosystems, water quality, and coastal resources offshore Guyana, according to the project’s Environmental Impact Assessment (EIA) published by the Environmental Protection Agency (EPA) in March. The mitigation and monitoring approaches proposed for Longtail build on environmental management systems and... Continue Reading →
