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Nov. 6 - DOF Group ASA's Q3 2025 earnings press release highlights strong performance with revenue of USD 501 million and EBITDA of USD 205 million. The company reported a net profit of USD 107 million and a significant increase in its firm backlog to USD 4.7 billion. Key factors include a gain from the sale of vessels and strong contract... Continue Reading →
Nov. 4 (offshore-energy.biz) CGX, a Canadian-based oil and gas exploration company focused on oil exploration in the Guyana-Suriname Basin, has entered into a loan agreement with a subsidiary of Frontera Energy Corporation, its joint venture partner in a petroleum prospecting license for a block offshore Guyana. Thanks to a senior secured loan facility secured with... Continue Reading →
Nov. 5 (offshoreWIND.biz) BW Ideol’s project involving a factory for serial production of concrete floating wind foundations in Fos-sur-Mer, France, has been selected for funding by the European Commission under the EU Innovation Fund, for a grant of up to EUR 74 million. The project, named Fos3F, was selected alongside ten other projects in the... Continue Reading →
Nov. 4 (offshore-energy.biz) Foreseeing no financing woes to hinder its progress, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, is eyeing refinancing opportunities for two floating production, storage, and offloading (FPSO) units with new project bonds on the cards next year. With a lease-and-operate model as the crown jewel of its... Continue Reading →
November 4 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) announces its earnings for the third quarter of 2025. HIGHLIGHTS OF THE PERIOD Click here for the Earnings Release.
Nov 5 (Reuters) - Orsted, the world's biggest offshore wind farm group, swung to a quarterly net loss of 1.70 billion Danish crowns ($265,50 million), it said on Wednesday, hit by U.S. President Donald Trump's trade policies and resistance to renewable energy. Orsted's shares have plummeted 85% from their 2021 peak, hit by soaring costs... Continue Reading →
Nov. 4 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of October. Key: (1) In the Frade field, there was a temporary production shutdown on October 26, due to an unintentional activation of the fire and gas detection... Continue Reading →
Nov. 2 (oilnow.gy) Exxon’s proposed Longtail project will mark Guyana’s entry into gas development, setting the stage for the country’s first non-associated gas production. The project, which targets a final investment decision in 2026, is expected to operate for three decades and feature the largest gas-handling facility ever built in the Stabroek Block. Key facts about Longtail: Focus: Longtail... Continue Reading →
Nov 4 (Reuters) - Oil major BP reported a smaller than expected fall in third-quarter underlying profit on Tuesday as a strong performance at all divisions led by refining helped to offset the impact of lower crude prices. However, there was no update on the closely-watched sale process for its Castrol lubricants unit, the centre-piece of... Continue Reading →
Nov 3 (Reuters) - Denmark's Orsted said on Monday it agreed to sell a 50% stake in Britain's Hornsea 3 offshore wind farm for 39 billion Danish crowns ($6.09 billion), widely regarded as a crucial move to prevent a crippling credit rating downgrade. Orsted, the world's largest offshore wind developer, seeks to restore investor confidence as... Continue Reading →
Brazil Energy Insight 