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Aug. 28 (offshoreWIND.biz) BW Ideol’s 2 MW Floatgen floating wind turbine has been in operation for eight years at the SEM-REV offshore test site off Le Croisic, France, with cumulative electricity production now exceeding 40 GWh. The turbine, installed on BW Ideol’s concrete Damping Pool floating foundation, entered operation in 2018 and has recorded average... Continue Reading →
Aug. 27 (oilprice.com) The Trump administration is reportedly in active discussions with Venezuela’s interim government to acquire a direct U.S. ownership stake in key Venezuelan oil fields. According to senior U.S. officials cited by Axios, the talks involve equity stakes in a select group of high-yield fields containing approximately 90 billion barrels of proven crude—a transaction... Continue Reading →
Aug. 27(businesstimes.com.sg) Brazilian oil giant Petrobras and offshore and marine player Seatrium are discussing a potential tie-up to explore offshore solutions in natural gas, said Magda Chambriard and Chris Ong, the respective CEOs of Petrobras and Seatrium. They were speaking at a media briefing following the christening ceremony for two floating production storage and offloading... Continue Reading →
Aug 27 (Reuters) - French renewable energy company Voltalia has received authorization from Brazil's government to install a data center at the Pecem port complex in Ceara state, securing tax exemptions for the planned mega-project. Investment in the data center is expected to total 181.7 billion reais ($35.24 billion), Brazil's government said in a Wednesday statement.... Continue Reading →
Rio de Janeiro, August 27, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) has delivered notices of redemption to the holders of the outstanding 5.999% Global Notes due 2028 (the “Notes”). The redemption date for the Notes will be September 25, 2026 (the “Redemption Date”). The... Continue Reading →
Aug. 26 (Reuters) Chinese offshore oil and gas major CNOOC posted a record first-half net profit on Wednesday, as higher oil prices driven by the Iran war and rising production boosted earnings. Net profit attributable to shareholders rose 23.4% to 85.8 billion yuan ($12.9 billion) from 69.5 billion yuan a year earlier, according to a... Continue Reading →
Aug. 26 (OE) Petrobras has signed a two-year contract for the Normand Valiant construction support vessel (CSV), owned by Solstad Maritime (SOMA). The contract is expected to start in fourth quarter 2026 in direct continuation of the current agreement and subsequent class renewal. The vessel will provide accommodation services to support production activities on the... Continue Reading →
Aug. 24 (oilnow.gy) A year after Chevron completed its acquisition of Hess, Guyana is emerging as a distinct part of the company’s longer-term production outlook, with a resource base that can support successive offshore developments through the 2030s. Chevron acquired Hess in July 2025, gaining a 30% interest in Guyana’s Stabroek Block along with producing and... Continue Reading →
Aug. 25 (Reuters) British oil major Shell has shelved its Aphrodite offshore gas project in Trinidad and Tobago after disagreements over commercial terms with Trinidad's National Gas Company, three people familiar with the decision said on Monday. Shell had given the project a positive final investment decision last year, but it has decided for now... Continue Reading →
Aug. 24 (oilprice.com) More than half a year after the U.S. captured and extracted Nicolas Maduro from Venezuela, the biggest American oil firms haven’t returned to operating oilfields in the world’s largest oil reserves holder. Chevron, which has operated in Venezuela throughout Maduro’s reign, is extracting and exporting oil to the U.S., but neither ExxonMobil... Continue Reading →
Brazil Energy Insight 