Seatrium secures $400 million sustainability-linked credit facility

(offshore-energy.biz) Singapore-headquartered offshore, maritime, and energy solutions provider Seatrium has secured a $400 million sustainability-linked revolving credit facility with United Overseas Bank (UOB). Seatrium stated that the credit facility, secured through its wholly owned subsidiary Seatrium Financial Services (SFS), aligns with the sustainable finance framework and includes revolving credit features that will enhance the company’s... Continue Reading →

July 16, 2025 0

MODEC, Eld Energy Advance FPSO Offshore Fuel Cell Pilot

(OE) MODEC has entered into a contract with Eld Energy, a Norwegian fuel cell system company, to design and manufacture a solid oxide fuel cell (SOFC) system pilot unit intended for installation on one of the MODEC-operated floating production, storage and offloading (FPSO) units. In February 2025, MODEC awarded a feasibility study contract to Eld... Continue Reading →

July 16, 2025 0

Brazil Government Opens Discussion on Selecting Areas for Offshore Wind Power

(Eixos.com.br) Amid market pressure to hold the first auction for offshore wind power generation in Brazil, the Ministry of Mines and Energy (MME) opened a public consultation on July 14th to improve the methodology for selecting areas for the activity. The objective of the consultation is to refine the definition of technical, environmental, economic, and... Continue Reading →

July 15, 2025 0

Uruguay oil & gas quest: Prospects appear in one block, as another preps for seismic acquisition

(offshore-energy.biz) As the offshore oil and gas exploration mission continues in Uruguay, the Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) is moving forward with its plans to make its assets drill-ready. To this end, the firm has confirmed the identification of prospects in one block and the ongoing preparation to embark... Continue Reading →

July 15, 2025 0

Triton Anchor Gets Patents for Floating Renewables Anchoring Tech

(OE) Triton Anchor has secured two patents in the United States for its proprietary offshore anchor and subsea deployment tool, with a notice of allowance for the anchor patent also received in Japan. These newly patented technologies mark an advancement in enabling low-cost, low-impact deployment of floating wind, solar, and wave platforms. According to Triton... Continue Reading →

June 30, 2025 0

Work Starts on Brazil’s First Offshore Wind Project, Pilot Expected to Come Online in 3 Years

(offshoreWIND.biz) Brazil’s SENAI Institute of Innovation in Renewable Energy (ISI-ER) and SENAI’s Rio Grande do Norte branch, SENAI-RN, expect to receive the installation permit for their pilot project, the country’s first offshore wind project to be granted a preliminary licence, within 12 to 18 months and to have it operational within 36 months. Following the... Continue Reading →

June 26, 2025 0

Ibama prepares to issue first license for offshore wind power

(eixos.com.br) The Brazilian Institute of Environment and Renewable Natural Resources (Ibama) will announce, next week, the first environmental license for an offshore wind project in Brazil. Exios learned that the license will be for a pilot project of the Senai Institute for Innovation in Renewable Energy (ISI-ER), in Rio Grande do Norte. The decision of... Continue Reading →

June 24, 2025 0

US oil majors acquire blocks in Brazil’s Foz do Amazonas basin

Reuters) - Exxon Mobil and Chevron on Tuesday took their first steps toward exploring for oil in Brazil's Foz do Amazonas basin, scooping up offshore blocks auctioned by the country in the promising but environmentally sensitive area. The bids came as state-run Petrobras touted signs of breaking a stalemate on licensing in the offshore region near the mouth... Continue Reading →

June 17, 2025 0

Petrobras Sustainability Report

Petrobras published its Sustainability Report, providing a snapshot of the company's progress in its journey towards the Fair Energy Transition in 2024. The investment of US$16.3 billion in low-carbon projects over the next 5 years, the generation of 315 thousand jobs in the same period and the reduction of 40% in absolute CO2e emissions since... Continue Reading →

June 17, 2025 0

Wartsila bets flexibility key for ethanol power generation in Brazil

(Reuters) - Finland's Wartsila is betting that a more nimble way to generate power with ethanol will prove viable in Brazil where similar efforts by major firms floundered a decade ago. Wartsila announced a partnership in March with a power plant in the northeast Brazilian city of Recife, where a four-megawatt engine will burn ethanol for 4,000... Continue Reading →

May 30, 2025 0

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