Seatrium enlists Axess for compliance work on Brazil-bound FPSOs

(offshore-energy.biz) Norway-headquartered asset integrity management company Axess Group has won contracts with Singapore’s Seatrium to secure compliance with Brazilian standards for six floating production storage and offloading (FPSO) units set to work with Brazil’s state-owned energy giant Petrobras. The Norwegian player disclosed that it will assist Seatrium with Brazilian Regulatory Compliance (BRC) services for six... Continue Reading →

August 6, 2025 0

BP’s big Brazil oil and gas find boosts prospects for Equinor, auction

Aug 5 (Reuters) - BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes well for Equinor's nearby interests and strong appetite for an October auction of oil blocks in the region. Discoveries nearly two decades ago in the region, defined by vast deepwater fields under... Continue Reading →

August 5, 2025 0

Exclusive: Trinidad, ExxonMobil agree to terms for deepwater blocks, government sources say

Aug 5 (Reuters) - Trinidad and Tobago's government has agreed to award U.S. oil major ExxonMobil acreage in an ultra-deep area that includes seven blocks to explore for oil and gas, two senior government officials told Reuters. The parties began negotiations earlier this year for the areas off the east coast of the Caribbean country, which... Continue Reading →

August 5, 2025 0

Petrobras announces divestment of Cherne and Bagre fields

August 4, 2025 – Petróleo Brasileiro S.A. – Petrobras, following up on the disclosures made on April 17, 2024, and April 25, 2024, announces that it has concluded today the transfer of its entire participation (100%) in the Cherne and Bagre fields, located in shallow waters in the Campos Basin, to Perenco Petróleo e Gás... Continue Reading →

August 5, 2025 0

Global Offshore Wind Capacity Reaches 83 GW, 100 GW More to Be Awarded in 2025-2026, New Report Says

(offshoreWIND.biz) According to a new market report from the Global Wind Energy Council (GWEC), there are now 83 GW of offshore wind capacity installed globally, with 48 GW more in the construction phase worldwide as of May this year. “Our report finds that there is now already 83 GW of offshore wind installed worldwide, keeping... Continue Reading →

August 4, 2025 0

BP finds oil and gas signs in the Bumerange block, Santos Basin

(PN) BP identified oil and gas signs in the wildcat well (1-BP-13-SPS) of the Bumerangue block, located in the Santos Basin pre-salt layer, in a water depth of 2,300 meters. Drilling of the well began in late May with the Valaris Renaissance drillship. The Bumerangue block was fully acquired by BP during the 1st Cycle... Continue Reading →

July 29, 2025 0

Portugal to invest $466 million to boost grid management, battery storage after outage

July 28 (Reuters) - The Portuguese government plans to invest up to 400 million euros ($466 million) to improve grid management and boost battery storage following a massive blackout across Spain and Portugal in April. Energy Minister Maria da Graca Carvalho said on Monday about 137 million euros of the investment would go towards improving the operational... Continue Reading →

July 28, 2025 0

Petrobras clarifies news on Braskem

July 24, 2025 – Petróleo Brasileiro S.A. – Petrobras, in relation to news reported in the media regarding a petition filed with the Administrative Council for Economic Defense (CADE), hereby announces that it has requested to join as a third party in the merger review proceedings evaluating the possible purchase of shares in NSP Inv.,... Continue Reading →

July 25, 2025 0

Brazil’s ANP updates oil reference price rule in step that may raise royalty payments

July 24 (Reuters) - Brazil's oil regulator ANP approved on Thursday new rules to set the reference price for oil produced in the country, a step that could increase the collection of royalties from oil firms. The reference price serves as a basis for calculating taxes on oil sales within the country and for collecting... Continue Reading →

July 25, 2025 0

Top UN court says treaties compel wealthy nations to curb global warming

July 23 (Reuters) - The United Nations' highest court on Wednesday told wealthy countries they must comply with their international commitments to curb pollution or risk having to pay compensation to nations hard hit by climate change. In an opinion hailed by small island states and environmental groups as a legal stepping stone to make... Continue Reading →

July 24, 2025 0

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Category: Regulatory

Seatrium enlists Axess for compliance work on Brazil-bound FPSOs

BP’s big Brazil oil and gas find boosts prospects for Equinor, auction

Exclusive: Trinidad, ExxonMobil agree to terms for deepwater blocks, government sources say

Petrobras announces divestment of Cherne and Bagre fields

Global Offshore Wind Capacity Reaches 83 GW, 100 GW More to Be Awarded in 2025-2026, New Report Says

BP finds oil and gas signs in the Bumerange block, Santos Basin

Portugal to invest $466 million to boost grid management, battery storage after outage

Petrobras clarifies news on Braskem

Brazil’s ANP updates oil reference price rule in step that may raise royalty payments

Top UN court says treaties compel wealthy nations to curb global warming

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