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Sept. 2 (OE) TechnipFMC has secured two subsea contracts from Brazil’s state-controlled oil company Petrobras to supply flexible pipe systems for projects in the Santos and Campos basins. The first award, classed by TechnipFMC as ‘substantial’ and valued between $250 million and $500 million, covers the design, engineering and manufacture of flexible gas injection risers.... Continue Reading →
Aug. 29 (Reuters) -Brazil plans to announce a tax incentive plan in early September aimed at attracting foreign tech companies to build data centers in the country, two economic policy officials told Reuters. The sources, who requested anonymity to discuss the confidential plans, said the "Redata" program is designed to build goodwill with big tech... Continue Reading →
Aug 29 (Reuters) - Brazil's state-run oil firm Petrobras has been receptive to a proposal by IG4 Capital to take over engineering group Novonor's controlling stake in Latin America's largest petrochemical company, Braskem, four people familiar with the talks told Reuters. Petrobras, Braskem's second-largest shareholder, holds a right of first refusal for Novonor's stake under... Continue Reading →
Sept. 1 (OE) U.S.-based subsea services and technology firm Oceaneering International has through its Brazilian subsidiary Marine Production Systems do Brasil (MPS) secured multiple subsea robotics contracts from Petrobras. The contracts were awarded during the second quarter of 2025, following a competitive tender. The anticipated aggregate revenue of the contracts is approximately $180 million. Oceaneering... Continue Reading →
Aug. 28 (PN) Karoon announced to the market that it intends to invest between US$55 million and US$65 million in 2026 in a revitalization campaign for the FPSO Cidade de Itajaí, used in the Baúna field in the Santos Basin. Additionally, the company estimates spending approximately US$80 million to US$90 million between 2030 and 2034,... Continue Reading →
Aug.t 26 (Reuters) U.S. President Donald Trump has used his second term in the White House to stymie development of wind and solar energy facilities that were a cornerstone of former President Joe Biden's climate and energy agendas. Here is a timeline of actions his administration has taken to unravel federal support for clean energy... Continue Reading →
Aug 27 (Reuters) - Chinese offshore oil and gas major CNOOC posted a 13% decline in interim net income after lower oil prices offset the impact of record-high oil and gas production. Net profit attributable to equity shareholders dropped to 69.5 billion yuan ($9.7 billion) after a record interim profit in 2024, according to a filing... Continue Reading →
Aug 26 (Reuters) - Japan's industry and land ministries on Tuesday proposed revising guidelines to extend offshore wind project leases by 10 years, from the current 30 years, to help developers manage soaring construction costs and complete projects. The proposal was submitted to a joint expert panel of the Ministry of Economy, Trade and Industry... Continue Reading →
Aug. 22 (OE) Offshore supply vessel operator Havila Shipping ASA delivered stronger results in the second quarter of 2025, supported by high fleet utilization and stable freight revenues.Freight revenues reached NOK 165.5 million in Q2, up NOK 19.5 million from the same period in 2024 and broadly in line with the previous quarter. Total operating... Continue Reading →
Aug 21 (Reuters) - China's Sinopec, reported a 39.8% drop in interim net profit due to lower oil prices, weaker fuel demand and as industry overcapacity weighs on margins at its chemicals business. Sinopec, the world's largest oil refiner by capacity, reported on Thursday a net income of 21.48 billion yuan ($2.99 billion) for January... Continue Reading →
Brazil Energy Insight 