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Feb. 26 (OE) Intermoor, Acteon’s Moorings and Anchors business been awarded a new contract by Petrobras for the provision of stack-up mooring system services in Brazil. This work will support light-workover interventions and abandonment operations on installed subsea Christmas trees across both anchored and dynamically positioned mobile offshore drilling units (MODUs) and well intervention vessels (WIVs).... Continue Reading →
Feb. 17 (OE) DOF Group ASA announced the award of a substantial contract for a project in Argentina. The project is scheduled for offshore operations across two campaigns in Q2 and Q3-Q4 of 2026 and will encompass mooring pre-lay, pipeline end manifold installation/construction management, tie-in spools installation, hook-up and pre-commissioning of two CALM buoys, and... Continue Reading →
Feb. 5 - SMST has been selected by Marco Polo Marine to deliver a comprehensive mission equipment package for the company’s first‑of‑its‑kind Commissioning Service Operation Vessel Plus (CSOV‑Plus). The scope comprises an Access & Cargo Tower fitted with a motion compensated gangway (Telescopic Access Bridge L2) and a 100t knuckle boom crane, enabling safe and... Continue Reading →
Feb 5 (Reuters) - Wind turbine maker Vestas reported quarterly profit that fell slightly short of expectations on Thursday, driving its shares down as much as 6% even as the firm's CEO expressed confidence in future growth due to surging electricity demand. Vestas' operating profit before special items in the fourth quarter fell to 580 million... Continue Reading →
Feb 4 (Reuters) - Finnish engineering group Wartsila missed fourth-quarter orders forecasts on Wednesday, dragged down by U.S. battery tariffs and tougher competition in its energy storage business. The company's shares fell around 3%, even though CEO Hakan Agnevall pointed to "ample opportunities" supplying engine-based power generation to new data centres - a fast-growing business as... Continue Reading →
Jan. 30 (OE) MODEC has signed a statement of strategic intent with Eld Energy and Delta Electronics to collaborate on the development of a solid oxide fuel cell power generation system for offshore and maritime applications, including floating production, storage and offloading (FPSO) units. The agreement, signed on January 29, 2026, sets out plans to... Continue Reading →
Jan. 15 (OE) MODEC has commissioned Everllence to supply five compressor trains for its new Floating Production Storage and Offloading (FPSO) for the Gato do Mato - Orca Project offshore Brazil. The FPSO will be moored in the pre-salt area of the Santos Basin, approximately 200 kilometers south of Rio de Janeiro, at a water... Continue Reading →
Jan. 8 (PN) The National Petroleum Agency (ANP) has requested clarifications from Petrobras before authorizing the resumption of drilling at the Morpho well in the Foz do Amazonas Basin. The activity was suspended after two auxiliary lines connected to the ODN-II drillship, chartered by Foresea, registered a loss of drilling fluid last Sunday. The ANP... Continue Reading →
Jan. 8 - The Brazilian Institute of Environment and Renewable Natural Resources (Ibama) sent an official letter to Petrobras (PETR3;PETR4), requesting technical information about the biodegradable fluid leak accident during offshore drilling activity in Block FZA-M-59, on the Equatorial Margin. The letter was sent by the General Coordination of Environmental Licensing of Marine and Coastal... Continue Reading →
Jan. 6 (PN) The first operational challenge for Petrobras in the search for oil on the Equatorial Margin. The oil company halted drilling at the Morpho well, in block FZA-M-059, off the coast of Amapá last Sunday (4). In a note sent today the oil company explained that it interrupted the activity after identifying the... Continue Reading →
Brazil Energy Insight 