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Sept. 13 (agenciainfra.com) Lourenço Fróes, coordinator of Petrobras’ New FPSO Program (Profort), indicated on Friday (11) that the state-owned company is considering renewing the operating contracts for the FPSOs (Floating Production, Storage, and Offloading units) in the Seap (Sergipe Deepwater) project with the builder and operator SBM Offshore. Currently, the contracts run for six and... Continue Reading →
Sept. 11 (OE) SED Energy Holdings and Ventura Offshore have signed a letter of intent for an all-share combination that would create an energy services group with about $1.3 billion in contracted revenue backlog and an implied pro forma equity value of approximately $1 billion. Under the proposed transaction, SED Energy Holdings would acquire 100%... Continue Reading →
Sept. 10 (oilprice.com) The oil and gas supply shock amid the Middle East conflict has accelerated cumulative global investments in clean hydrogen to above $130 billion across more than 570 projects, as energy security has become a key driver of uptake alongside industrial growth and decarbonization targets, the Hydrogen Council said in a new report... Continue Reading →
Sept. 10 (offshoreWIND.biz) Scotland's Highlands and Islands Enterprise (HIE) has approved more than GBP 778,000 in Scottish Government funding for plans to produce floating offshore wind foundations at Port of Ardersier. The funding will support an 18-month front-end engineering design (FEED) study led by the France based company BW Ideol, a subsidiary of BW Ideol... Continue Reading →
Sept. 9 (oilnow.gy) ExxonMobil Guyana’s Hammerhead development is progressing on several fronts, with drilling, subsea equipment manufacturing and construction of the project’s floating production, storage and offloading (FPSO) facility underway. During a recent episode of the Energy Perspectives podcast released September 7, ExxonMobil Guyana President Alistair Routledge provided the update, noting that the US$6.8 billion... Continue Reading →
Sept. 9 - Baker Hughes submitted the best bids in a Petrobras tender to contract up to 518.3 km of flexible lines, comprising both risers and flowlines. The pipelines are intended for various applications, such as gas lift, water injection, production, gas injection, service, gas export, and oil export. The tender also includes flexible pipelines... Continue Reading →
Sept. 8 (offshoreWIND.biz) Standardizing turbine designs and securing predictable project pipelines could reduce the average lifetime cost of electricity from North Sea offshore wind by up to 28 per cent by 2050 in a high-volume scenario, a study led by DNV has shown. DNV led the joint industry project (JIP) with eight companies across the... Continue Reading →
Sept. 8 (OE) T12 Engineering has secured funding from the Offshore Wind Growth Partnership (OWGP) to advance its Floating Mooring System (FMS), a technology designed to reduce the cost and complexity of maintaining floating offshore wind turbines. The latest project follows a Front-End Engineering Design (FEED) study supported by Scottish Enterprise in 2025, which confirmed... Continue Reading →
Sept. 7 (Reuters} Brazil's government expects to raise 22.4 billion reais ($4.4 billion) from an extraordinary pre-salt oil auction in 2027, according to an annex to the budget bill submitted to Congress, a revenue source that will be crucial to achieving its goal of posting its first effective primary surplus in years. The government of... Continue Reading →
Sept 4 (Reuters) - Italian oil company Eni has improved its chances of recovering more than $2.3 billion owed by Venezuela with the signing this week of a new oil project deal in the country, analysts said on Friday. After nearly three decades in Venezuela, Eni has accumulated those receivables from state-owned oil group PDVSA. As Washington and... Continue Reading →
Brazil Energy Insight 