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Sept. 18 (PN) Petrobras held the christening ceremony for the vessel Starnav Elektra this week in Rio. Built by the Detroit Shipyard in Itajaí (Santa Catarina), the Platform Supply Vessel (PSV) represents an investment of approximately R$ 450 million and is the first vessel delivered under the Open Sea Program (Programa Mar Aberto), an initiative... Continue Reading →
Sept. 17 - BRAVA ENERGIA S.A. ("Brava" or the "Company") (B3: BRAV3), pursuant to CVM Resolution No. 44 and further to the Material Fact disclosed on February 10, 2025, hereby informs its investors and the market in general of the termination of the transaction for the sale of 11 onshore oil and gas concessions located... Continue Reading →
Sept. 16 (oilprice.com) Argentina's controversial right-wing president, Javier Milei, slashed inflation with a brutal dose of economic austerity, but this came at a steep social cost. The cost of living is spiraling higher, fueling household debt, loan delinquencies, and economic hardship. Industrial output, since Milei took office, has declined sharply, with local companies closing at... Continue Reading →
Sept 16 (Reuters) - Wind farm developer Vineyard Wind said on Wednesday it had resolved a legal dispute arising from turbine supplier GE Vernova's effort to walk away from its $4.5 billion project in New England over claims it was owed more than $300 million. As part of a settlement, GE Vernova said it had... Continue Reading →
Sept. 16 (OE) Çan2 Termik's subsidiary Minerosol Group has signed a 20-year operating and production agreement with Venezuela's PDVSA for the CEMA (Petrokariña) oil field, with a planned investment budget of $381.7 million over the contract period. The agreement grants exclusive rights and includes the right to an additional 20-year extension subject to approval. The... Continue Reading →
Sept. 14 (oilprice.com) Argentina’s state-controlled energy company YPF is close to signing several LNG sales agreements for its planned Argentina LNG project as it races toward a final investment decision later this year. YPF CEO Horacio Marín said at the Gastech conference in Bangkok that the company expects to sign two or three LNG contracts... Continue Reading →
Sept. 14 (offshoreWIND.biz) X1 Wind has closed a fourth strategic funding round as the Spanish floating wind technology developer prepares to deploy its X100 platform at the PlemCat test site off Catalonia. The round was led by Grow Ventures, which will hold around 8 per cent of X1 Wind’s share capital, while Catalan investment company... Continue Reading →
Sept. 14 (OE) Saipem has been awarded a contract worth about $350 million for subsea work on Azule Energy's West Hub Tails oil project offshore Angola, part of the wider Agogo Integrated West Hub Development. The project is located about 180 kilometers offshore Angola in water depths of up to 1,750 meters. Under the contract... Continue Reading →
Sept. 13 (agencuainfra.com) Petrobras is expected to approve the proposal submitted by the Malaysian builder and operator Yinson for the Albacora FPSO (P-88), a Petrobras project in the Campos Basin. Sources at the state-owned company told Agência iNFRA that, despite concerns raised privately by competitors, the project design complies with the requirements. Companies that participated... Continue Reading →
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 →
