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Feb 25 (Reuters) - Angola's state oil company Sonangol is talking to Chinese financial institutions to secure a $4.8 billion loan to partly finance the construction of a new refinery in the Atlantic sea port of Lobito, it said on Wednesday. The financing, if completed, will mark the first borrowing by the Southern African oil... Continue Reading →
Feb. 25 (OE) Saipem has released its preliminary results for the fourth quarter and financial year 2025, confirming, for the fourth consecutive year, the trajectory of growth and improvement in profitability together with a further acceleration in cash generation. Revenue stood at €15.5 billion in 2025, a growth of 6.5% compared to the previous year,... Continue Reading →
Singapore, 23 February 2026 – Seatrium Limited (“Seatrium”, or the “Group”) wishes toannounce a series of additional divestments, as well as update on an earlier transaction, aspart of its ongoing efforts to rationalise non-core assets, streamline operations, and drivelong-term value for shareholders. Alongside recent divestments of the AmFELS yard in Texas and the GNL Platform... Continue Reading →
All-Cash Deal, Expanding Brazil FootprintFeb. 23 (OE) Tidewater Inc. (NYSE: TDW) has signed a definitive agreement to acquire Wilson Sons Ultratug Participações S.A. and its affiliate Atlantic Offshore Services S.A. (collectively, WSUT) in an all-cash transaction valued at approximately $500 million, including the assumption of existing debt.The acquisition significantly strengthens Tidewater’s position in the global... Continue Reading →
Feb.20 - DOF Group ASA's (“DOF” or the “Group”) revenue for 4th quarter (management reporting) totals USD 577 million (USD 445 million) and EBITDA totals USD 220 million (USD 152 million). The operating profit (EBIT) is USD 174 million (USD 190 million) and includes reversal of impairment of USD 9 million (USD 98 million). Net financial... Continue Reading →
Feb. 20 (OE) Norway-based subsea well intervention and installation services company AKOFS Offshore has signed a firm contract with Petrobras for its Aker Wayfarer vessel. AKOFS Offshore, majority owned by Akastor, said the 2010-built vessel will continue to perform services as a Subsea Equipment Support Vessel (SESV) for Petrobras in Brazil. The contract, valued at... Continue Reading →
Feb 19 (Reuters) - The scrapping of the foundation for U.S. federal climate regulations has upended energy investor narratives that have prevailed so far this decade, and is sparking a re-think on which sectors might now win and lose in the U.S. energy space. The repeal of the so-called Endangerment Finding removes the legal basis for federal... Continue Reading →
Feb. 18 (oilprice.com) A slew of high-quality oil discoveries in offshore Block 58 by TotalEnergies and its 50% partner, APA Corporation, has seen the tiny South American country of Suriname touted as the next Guyana. While Suriname’s offshore waters hold considerable petroleum potential, the country’s oil boom has been fraught with delays. Conflicting geological data, high gas-to-oil ratios,... Continue Reading →
Feb. 17 (OE) DOF Group ASA announced the award of a substantial contract for a project in Argentina. The project is scheduled for offshore operations across two campaigns in Q2 and Q3-Q4 of 2026 and will encompass mooring pre-lay, pipeline end manifold installation/construction management, tie-in spools installation, hook-up and pre-commissioning of two CALM buoys, and... Continue Reading →
Feb. 16 (oilprice.com) Latin America is attracting greater attention from international investors thanks to its strong renewable energy and critical mineral potential. In recent years, the region’s green energy capacity has steadily grown, while more mineral mining projects are developed, and the electric vehicle (EV) market is beginning to expand. As the United States takes... Continue Reading →
Brazil Energy Insight 