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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 →
(offshore-energy.biz) A flexible, large subsea construction vessel owned by Norwegian DOF Group has been contracted on a four-year term charter with Brazil’s oil & gas company Petrobras. Under the contract valued at approximately $165 million, Skandi Salvador will operate with two work-class remotely operated vehicles (ROVs) and a subsea crane, with delivery expected in December.... Continue Reading →
Aug. 20 - DOF Group ASA's revenue for 2nd quarter (management reporting) totals USD 507 million (USD 361 million) and EBITDA totals USD 214 million (USD 122 million). The operating profit (EBIT) is USD 150 million (USD 111 million). Net financial gain amount to USD 10 million (USD -91 million) including unrealized currency gain of USD... Continue Reading →
August 20, 2025 – Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact published on 05/12/2025, informs that it will make today the payment of the first installment of shareholder remuneration relating to the balance sheet of March 31, 2025. The gross amount to be distributed today, entirely in the form of interest... Continue Reading →
Aug 18 (Reuters) - State-run oil firm Petrobras is worried about an upcoming change in Brazil's reference oil price that determines some taxes and royalties drillers pay, as it could weaken the economic viability of projects in offshore post-salt fields and in its onshore business, CEO Magda Chambriard said on Monday. Chambriard added that oil in... Continue Reading →
Aug.18 (Reuters) – Petrobras signed a R$3.2 billion contract with the offshore support vessel company OceanPact for the charter of four RSV vessels for four years, the service provider told Reuters on Monday (18). The vessels will be used in remotely operated vehicle (ROV) operations for inspection of underwater structures, preventive and corrective maintenance, installation... Continue Reading →
Brazil Energy Insight 