Jan. 5 (offshoreWIND.biz) The Goto floating wind farm, Japan’s first commercial floating offshore wind farm, entered full operation on 5 January 2026, according to the consortium behind the project consisting of Toda Corporation, ENEOS Renewable Energy Corporation, Osaka Gas, INPEX Corporation, Kansai Electric Power Co. (KEPCO), and Chubu Electric Power. The 16.8 MW wind farm... Continue Reading →
No quick wins in tapping Venezuela’s oil reserves
Jan 3 (Reuters) - Venezuela is unlikely to see any meaningful boost to crude output for years even if U.S. oil majors do invest the billions of dollars in the country that President Donald Trump promised just hours following Nicolás Maduro's capture by U.S. forces. The South American country may have the world's largest estimated oil reserves,... Continue Reading →
The Growing Backlash Against Data Center Expansion
Jan. 2 (oilprice.com) As tech companies worldwide invest heavily in the deployment of large-scale data centres to power advanced technologies, not everyone is so happy about the new phenomenon. Concerns over energy security and a prolonged reliance on fossil fuels are just two of the issues that are repeatedly coming up, as governments seek to... Continue Reading →
Petrobras starts production at Búzios 6
Jan. 2, 2026 - Petrobras began oil production from the P-78 floating production, storage and offloading (FPSO) vessel in the Búzios field, in the pre-salt layer of the Santos Basin, this Wednesday, December 31. Búzios 6 (P-78) has the capacity to produce 180,000 barrels of oil and 7.2 million m³ of gas per day. The... Continue Reading →
Petrobras postpones AHTS tender to the end of January
Dec. 31 - Petrobras has postponed the deadline for receiving bids in the tender for chartering AHTS (Anchor Handling Tug Supply) vessels to the end of January 2026.This measure is part of a set of adjustments to the state-owned company's contracting schedule for the offshore sector, aiming to allow the market and Brazilian Shipping Companies... Continue Reading →
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 →
DOF Inks $150M ROV Support Vessel Contract with Petrobras
Dec. 30 (OE) Norwegian offshore vessel owner DOF Group has secured a new four-year contract with Petrobras for the remotely operated support vessel (RSV) Skandi Commander. The contract was awarded following the same competitive tender process that led to six previous four-year RSV contracts announced earlier. The Skandi Commander will be equipped with both a... 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 →
US Offshore Wind Developer Sues Gov’t Over Stop-Work Order
Dec. 29 (offshoreWIND.biz) Dominion Energy has filed a federal lawsuit challenging the Trump administration’s stop-work order issued on 22 December that directed all major US offshore wind projects under construction to pause while federal agencies review alleged national security risks, AP and US media report. In its complaint filed in the US District Court for the Eastern... Continue Reading →
Saipem Extends Charter, Purchase Option for Deep Value Driller Drillship
Dec. 29 (OE) Deep Value Driller has agreed with Saipem to extend the bareboat charter for its seventh-generation drillship Deep Value Driller and to prolong the period during which Saipem may exercise an option to buy the vessel. Under the amended agreement, the parties have agreed to a firm 31-day extension of the charter through... Continue Reading →