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(Reuters) - Top U.S. oil producer Exxon Mobil and Hess will meet face-to-face on Monday in a court hearing to determine the fate of Chevron's $53 billion deal to buy Hess and with it a prized stake in Guyana's prolific oilfields. The planned acquisition, announced in October 2023, is one of the oil industry's biggest deals in years. It is key... Continue Reading →
(Reuters) - Mexico's Pemex, the world's most indebted energy company, plans to restructure parts of its business in an attempt to save costs, a May document seen by Reuters showed. Earlier reports, citing another document from last month suggesting it could include a layoff of over 3,000 tenured employees and save up to around 10.5... Continue Reading →
(offshore-energy.biz) Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shed light on its activity in the first quarter of 2025. Prosafe reported a revenue of $33 million in Q1 2025, which is similar to the $34 million in the same period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to... Continue Reading →
(offshoreWIND.biz) The Danish government will launch a 3 GW offshore wind tender this autumn, providing support through two-sided Contracts for Difference (CfD), following the suspension of the previous auction round earlier this year. The tender will open in autumn 2025 and will cover three areas, two in the Danish North Sea and one separating Denmark... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on Communications published on 02/26/2025, 04/16/2025 and 05/14/2025, informs that it will make today the payment of the first installment of shareholder remuneration relating to the balance sheet of December 31, 2024. The gross amount to be distributed today corresponds to R$ 0.37183274 per common and preferred share,... Continue Reading →
(OE) Norwegian offshore supply vessel owner DOF Group has secured four long-term charter and service contracts with Petrobras for its anchor handling tug supply (AHTS) vessels, worth approximately $480 million. As part of the new contracts, Skandi Iguaçu, one of the biggest AHTS vessels ever built in Brazil with over 350 mt bollard pull (BP)... Continue Reading →
Empire Offshore Wind LLC (Empire), a subsidiary of Equinor ASA, has been informed by the Department of the Interior’s Bureau of Ocean Energy Management (BOEM) that the stop work order has been lifted for the Empire Wind project, allowing construction activities to resume. "We appreciate the fact that construction can now resume on Empire Wind,... Continue Reading →
(oilprice.com) United States President Donald Trump has spent just over 100 days in office, and, in that time, he has attracted a wide range of lawsuits in response to his energy and climate policies. Several states and organizations have recently launched legal action against the Trump administration for energy deregulation, restricting renewable energy development, cutting... Continue Reading →
(AP) — Colombia's government has applied to join a China-based development bank, another sign of Latin America's drift away from the U.S. as the Trump administration's foreign aid cuts, trade barriers and crackdown on immigration spurs many leaders in the region to seek closer ties with Washington's geopolitical rival. Colombian President Gustavo Petro wrapped up a visit to China this... Continue Reading →
(offshoreWIND.biz) The Norwegian Ministry of Energy has invited applications for three floating wind sites within the Utsira Nord area. The deadline for submitting proposals is set for 15 September 2025. The government is offering a project capacity of 500 MW at each site through the tendering process, which will be carried out in two stages:... Continue Reading →
Brazil Energy Insight 