Oct. 10 (Reuters) Equinor has scrapped plans to cut greenhouse gas emissions by connecting several offshore platforms to Norway's onshore power grid, the company told the government on Friday, citing soaring costs. The oil and gas sector is Norway's largest source of climate emissions, accounting for about a quarter of the total. Around 80% of industry emissions... Continue Reading →
Chevron gearing up for drilling ops with Noble rig offshore Suriname
Oct.10 (offshore-energy.biz) Chevron Suriname Exploration, a subsidiary of U.S.-based energy giant Chevron, is preparing to embark on drilling activities off the coast of Suriname with a rig owned by Noble Corporation, an American offshore drilling giant. Chevron is set to drill the Korikori-1 exploration well this month, after receiving a permit for the drilling operations at the... Continue Reading →
Californian Port Secures USD 20 Million in State Funds for Floating Wind Terminal Development
Oct. 9 (offshoreWIND.biz) The California Energy Commission (CEC) has awarded USD 20 million (approximately EUR 17 million) to the Port of Long Beach to fund the ongoing development of Pier Wind, a proposed USD 4.7 billion (approx. EUR 4 billion) terminal that would serve the floating wind industry. CEC has awarded the grant through the... Continue Reading →
Brazil’s Petrobras faces $34 million cost as drillship sits idle in Foz do Amazonas
Oct. 9 (Reuters) - Brazilian state-run oil firm Petrobras has racked up 180 million reais ($33.7 million) in costs to keep a drillship on standby in the Foz do Amazonas basin, a company source and a local union said, as it awaits a regulator's decision on a drilling request. The NS-42 drillship arrived in August... Continue Reading →
Brazil risks postponing the first offshore wind auction in 2026
Oct. 8 (Agencia Eixos by Gabriel Chiappini and Gustavo Gaudarde) The Working Group, announced last week, to discuss the regulation of offshore wind power, by the National Energy Policy Council (CNPE), has dashed the hopes of industry representatives that the third Lula administration would hold the first auction for the transfer of land for offshore... Continue Reading →
Brazil’s PPSA Sets R$10.2B Minimum for December Pre-Salt Auction Bids
Oct. 8 - Brazil's government has set a minimum total payment of 10.2 billion reais for an upcoming auction offering stakes in three pre-salt oil fields already in production but not yet contracted, state-run firm Pre-Sal Petroleo (PPSA) said. The auction, scheduled for December 4 at the Sao Paulo-based B3 stock exchange, will offer stakes... Continue Reading →
Petrobras discovers oil traces in the Agua Marinha Block
Oct. 7 - Petrobras announced promising results in its drilling program in the Campos Basin. The company notified the National Petroleum Agency (ANP) about the discovery of oil traces in the Agua Marinha block, in well 1-BRSA-1401DA-RJS, in a water depth of 2,601 meters, drilled by the Deepwater Aquila drillship in July. The Agua Marinha... Continue Reading →
PRIO Operational Data Sept. 2025
Oct. 6 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of September. Key: (1) At the Polvo and Tubarão Martelo cluster, the workover of TBMT-6H well was completed on September 15, and the well returned to production. (2) At... Continue Reading →
Shell’s Brazil Gato do Mato FPSO Starts Taking Shape
Oct. 6 - MODEC has held a first steel-cutting ceremony for the Gato do Mato floating production, storage and offloading (FPSO) unit, which will be deployed at Shell’s field offshore Brazil. The ceremony was held at the COSCO Qidong Shipyard, marking the start of construction of the the aft block of next-generation hull for the... Continue Reading →
Petrobras to open bids for the Sergipe Deep Waters Project FPSOs on Oct. 15
Oct. 6 (Reuters) Petrobras is expected to open bids for the contracting of two FPSOs for the Sergipe Deep Waters Project (Seap) on October 15, Renata Baruzzi, Executive Director of Engineering, Technology, and Innovation, said. "The bidders asked for more time. We gave them another 15 days," the director told reporters. Baruzzi also explained that... Continue Reading →