IMCA issued diver safety warning as global subsea decommissioning accelerates

May 29 - New guidance aims to reduce diver risk as ageing offshore infrastructure drives increasingly complex dismantlement operations The International Marine Contractors Association (IMCA) has published new industry guidance designed to improve safety during subsea decommissioning and dismantlement projects, warning that ageing offshore infrastructure, incomplete historical records and changing site conditions are creating an... Continue Reading →

May 29, 2026 0

TotalEnergies Plans $5.2 Billion Offshore Wind Project in Normandy

May 28 (oilprice.com) TotalEnergies has applied for authorization of France's biggest renewables project, a 1.5-GW offshore wind project off Normandy, which is estimated to cost $5.2 billion, the French supermajor said on Thursday. Eight months after the French government awarded the project to TotalEnergies, the group's wholly-owned project company Centre Manche Energies has officially applied for the... Continue Reading →

May 28, 2026 0

TouchWind Installs Floating Wind Prototype in Dutch Waters

May 28 (OE) TouchWind has installed its floating wind turbine prototype at Fieldlab Green Economy Westvoorne in the Netherlands, moving the POWER project into the in-water testing phase. The POWER project, short for ‘POsitive Wake Effects of turbines with tilted Rotors’, is studying how turbines with tilted rotors can deflect wakes and access higher-energy wind... Continue Reading →

May 28, 2026 0

Petrobras announces redemption of 7.375% Global Notes due 2027

Rio de Janeiro, May 28, 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 7.375% Global Notes due 2027. Title of SecurityISINCUSIPCommon CodeAggregate Principal Amount to be Redeemed7.375% Global Notes due 2027US71647NAS8071647NAS8N/AUS$670,009,000 The redemption date for... Continue Reading →

May 28, 2026 0

Exclusive: Occidental takes 10% stake in Exxon deepwater block offshore Trinidad, sources say

May 26 (Reuters) - Occidental Petroleum is acquiring a 10% ‌stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter. Exxon was previously the sole owner of the large offshore block, known as UD(1), which lies in water depths of 2,000 to 3,000 meters and was first acquired... Continue Reading →

May 26, 2026 0

Ecopetrol files tender offer to take control of Brazil’s Brava

May 26 (Reuters) - Colombia's state oil company Ecopetrol launched a tender offer ‌to acquire control of Brava Energia, the Brazilian energy firm said in a securities filing late on ⁠Monday. Offer covers 116.1 million common shares at 23 reais per share, a 15.4% premium over Brava's Monday close Deal represents about 25% of Brava's total... Continue Reading →

May 26, 2026 0

California Reaffirms 25 GW Offshore Wind Target for 2045

May 25 (offshoreWIND.biz) California remains committed to deploying 25 GW of offshore wind capacity by 2045, according to state officials who were at the recently held 2026 Pacific Offshore Wind Summit, hosted by Offshore Wind California. David Hochschild, Chair of the California Energy Commission, reiterated California’s offshore wind ambitions and said the state would continue... Continue Reading →

May 25, 2026 0

Brazil’s Tax Revenue Hits Record High on Oil Windfall

May 22 (Reuters) Brazil's federal tax revenue surged in April, official data showed on Thursday, buoyed by higher oil-related receipts as elevated crude prices linked to the U.S.-Israel war on Iran lifted government intake under President Luiz Inacio Lula da Silva. Total revenue reached 278.823 billion reais ($55.86 billion), up 7.82% in real terms from... Continue Reading →

May 22, 2026 0

Guyana oil fund surpasses US$4 billion for first time

May 21 (oilnow.gy) Guyana’s Natural Resource Fund (NRF) surpassed the US$4 billion mark for the first time at the end of April 2026, supported by high crude prices and stable offshore crude production. According to the April report for the NRF, the fund closed the month with a balance of approximately US$4.1 billion (GY$856 billion).... Continue Reading →

May 21, 2026 1

Guyana to survey offshore block licensed to TotalEnergies

May 21 (oilnow.gy) The Guyana government and Viridien/CGG Services will commence geotechnical and seismic survey operations within offshore Block S4, which was licensed last year to a TotalEnergies-led group. Guyana’s Maritime Administration Department (MARAD) announced the survey in notices. The notices, dated May 18, 2026, said the work will take place within Guyana’s Exclusive Economic... Continue Reading →

May 21, 2026 0