Subsea Vessel Market Outlook ‘Robust’ for 2026

Jesper Skjong, Contributor Dec. 20 (OE) Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened in the latter part of the year, long-term demand - driven by deepwater projects and global energy infrastructure-... Continue Reading →

Petrobras has approved the final investment decision (FID) for the development of the Sergipe Deep Waters Module 2 (SEAP II) project in the Sergipe-Alagoas Basin.

Dec. 30 - Petrobras has approved the final investment decision (FID) for the development of the Sergipe Deep Waters Module 2 (SEAP II) project in the Sergipe-Alagoas Basin. The project is strategic for expanding the availability of domestic gas, as well as opening a new production frontier in the Northeast region. The SEAP II project... Continue Reading →

Brazil’s ComBio expects revenue to hit $430 mln as corn ethanol clients increase output

Dec 22 (Reuters) - ComBio, Brazil’s largest supplier of renewable thermal energy for industrial clients, expects to triple its revenue to about 2.4 billion reais ($430 million) within five years amid growing demand from corn ethanol producers, commercial director Ricardo Blandy told Reuters on Monday. Some 25 corn ethanol plants operate in Brazil, where another... Continue Reading →

Maersk and Seatrium Settle Offshore Wind Dispute

Dec. 22 (offshoreWIND.biz) Singapore-based Seatrium Limited and Phoenix II A/S, an affiliate of Maersk Offshore Wind, have settled their dispute over a Wind Turbine Installation Vessel (WTIV) ordered at Seatrium by Maersk, with Maersk agreeing to accept the delivery of the vessel next year. Back in early October, Maersk terminated the USD 475 million (approximately... Continue Reading →

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