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Aug. 10 (offshoreWIND.biz) Ørsted expects three of its offshore wind farms currently under construction to reach full commissioning in the second half of 2026, with Borkum Riffgrund 3 in Germany, Greater Changhua 2b and 4 in Taiwan, and Revolution Wind in the US all approaching completion. The updates were provided by Ørsted as part of... Continue Reading →
Aug 19 (Reuters) - Oil service provider SLB and private equity firm Formentera Partners are working to either reactivate oil rigs in Venezuela or import additional rigs into the country in the coming months, executives from both firms said on Wednesday during a conference in Houston. Energy-focused Formentera is in discussions with international service providers to... Continue Reading →
Aug 19 (Reuters) - Brazil's largest thermal power plant, GNA II, said on Wednesday its operations have been interrupted since August 10 after a failure in the steam turbine circuit breaker affected the unit's step-up transformer. The gas-fired plant is located in the Acu port in Rio de Janeiro and has 1.7 gigawatts of installed... Continue Reading →
Aug. 19 (oilprice.com) Venezuela has signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, Bloomberg reported, citing a TV statement made by the South American country’s oil minister, Paula Henao. One of the deals involves development of two fields and the other... Continue Reading →
Aug 18 (Reuters) - Equinor said on Tuesday it has agreed to buy a stake in an oil exploration licence in Namibia from a subsidiary of U.S. energy major Chevron as the Norwegian company seeks to boost its international portfolio. The purchase of a 17.4% stake in the PEL 90 petroleum exploration licence in the Orange Basin... Continue Reading →
Aug. 18 - Petrobras has filed a request to drill three wells with the Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) for an environmental license to advance its oil and natural gas exploration campaign in the Foz do Amazonas Basin. This area is located along the Equatorial Margin, off the coast of... Continue Reading →
Aug 17 (Reuters) - Chevron said on Monday it had discovered oil and gas condensate at an exploration well in Block 0, offshore Angola, adding to its push to increase production in sub-Saharan Africa through infrastructure-led exploration. Western and southern Africa are among regions drawing fresh attention as growth in U.S. shale tops out. Angola, sub-Saharan... Continue Reading →
Aug. 17 (splash247.com) Turkiye is set to launch its first offshore wind tender in the first quarter of 2027, marking a starting point to install 5GW of offshore capacity by 2035 and diversify the country’s renewable energy mix. Energy and Natural Resources Minister Alparslan Bayraktar said that four zones have been identified for development –... Continue Reading →
Rio de Janeiro, August 14th, 2026 – Petróleo Brasileiro S.A. – Petrobras has identified the presence of hydrocarbons in an exploratory well currently being drilled in Block FZA-M-59, located in deep waters offshore Amapá, within the Foz do Amazonas Basin in Brazil's Equatorial Margin. The Morpho well (1-BRSA-1405-APS) is located approximately 175 km off the... Continue Reading →
Aug 14 (Reuters) - South Africa's Constitutional Court on Friday blocked offshore exploration led by Shell along the country's pristine Wild Coast, a setback for the oil major after years of legal challenges by local communities and environmentalists. The ruling is the latest outcome in a series of court cases that have dampened investor appetite and delayed... Continue Reading →
