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Nov. 20 (oilnow.gy) Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by a new contract with ExxonMobil Guyana Limited for the Hammerhead development in the Stabroek Block. The company said orders received totaled US$8.4 billion for the period ending September 30, up 1,327% from the... Continue Reading →
Nov. 20 (Oilprice.com) Renewable energy has encountered a strange crossroads – it is more successful, and also more divisive, than ever before. Wind and solar have become so successful that they’re not really alternative anymore – they’ve fully entered the mainstream. Not only have renewables outgrown subsidies and become independently successful, they’ve become so cheap... Continue Reading →
Nov. 17 (OE) Allseas’ small modular reactor (SMR) technology could generate up to $150 million billion in economic value for the Netherlands and create as many as 40,000 new jobs by 2050, according to an impact study released on Monday by the offshore engineering group. The study, conducted by consultancy Roland Berger, found that deploying... Continue Reading →
Nov. 14 (Reuters) U.S. private equity firm Carlyle is exploring options to buy Russian oil major Lukoil's LKOH.MM foreign assets, three sources familiar with the situation said. The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine, and has blocked Lukoil's attempt to sell... Continue Reading →
Nov 14 (Reuters) - Siemens Energy sees limited synergies between its struggling onshore and better-performing offshore wind units, its CEO said on Friday, reflecting ongoing uncertainty over the future of the loss-making division. Siemens Gamesa, Siemens Energy's wind division that produces both offshore and onshore turbines, is still recovering from a quality crisis two years... Continue Reading →
Nov 13 (Reuters) - Colombia's state oil producer Ecopetrol on Thursday reported a 30% drop in net profit in the third quarter from a year earlier, citing weaker sales volumes and lower crude prices. Net profit landed at 2.56 trillion pesos ($689 million) from 3.65 trillion pesos in the year-ago period, while total sales also fell... Continue Reading →
Nov. 13 (OE) Singapore-based engineering group Seatrium has reported strong execution in the third quarter ended September 30, 2025, bolstered by major offshore and wind project deliveries, a high-value order book and strategic asset sales. The group’s net order book stood at about $12.8 billion (S$16.6 billion), covering 24 projects slated for delivery through 2031.... Continue Reading →
Nov. 13 (Reuters) Dutch oil and gas services company SBM Offshore increased its annual earnings outlook for the second time this year on Thursday, lifting its shares, as operating performance improved. The Amsterdam-listed company reported a 26% increase in its directional revenue to $3.6 billion in the third quarter, helped by a 90% rise in... Continue Reading →
Nov 12 (Reuters) - BP is in active negotiations with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy company's $20 billion divestment goal. The sale process for Castrol began earlier this year after the London-listed... Continue Reading →
Rio de Janeiro, November 11, 2025 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), in addition to the Material Fact disclosed on May 1st, 2025, informs its shareholders and the market in general that, after the fulfillment of the precedent conditions and the necessary approvals, the acquisition of 40% interest and operation of the Peregrino... Continue Reading →
Brazil Energy Insight 