April 1 (MME) The National Energy Policy Council (CNPE) approved, this Wednesday (April 1st), the resolution establishing the Guidelines for regulating Law No. 15,097/2025, on Offshore Wind Energy. The approval complies with the legal framework sanctioned in January 2025 and the deadlines established for the activities of the Offshore Wind Energy Working Group (GT-EO), instituted... Continue Reading →
Exclusive: Renewables grew to almost 50% of global electricity capacity in 2025 after solar boost
March 31 (Reuters) - Renewable power made up almost 50% of the world’s electricity capacity last year after a record increase in solar installations, data from the International Renewable Energy Agency shared exclusively with Reuters showed on Tuesday. As the Middle Eastern conflict has led to record monthly gains on oil markets, some in industry have lobbied... Continue Reading →
Belov Engenharia Signs R$2.7 Billion in Contracts with Petrobras
Maech 30 (Sinaval) Belov Engenharia has signed a total of eight contracts with Petrobras for chartering and providing shallow diving (up to 50 meters) and ROV services with DSV (Diving Support Vessels) type vessels, which will come into effect between the second half of 2026 and the second half of 2027. The signed contracts total... Continue Reading →
Offshore CCS Moves to Reality with Agogo FPSO Pilot
March 30 (OE) Yinson Production has started operating a pilot carbon capture and storage (CCS) unit on the Agogo floating production, storage and offloading (FPSO) vessel offshore Angola, which is deemed the world’s first post-combustion CO2 capture plant installed on an offshore facility. The system has been developed in collaboration with Azule Energy and Norway-based... Continue Reading →
Iberdrola Awards $4B Contracts for UK Subsea Power Link
March 30 (OE) Iberdrola has awarded contracts to Siemens Energy and Prysmian, worth more than $4 billion (€3.5 billion), for the development of the Eastern Green Link 4 subsea electricity interconnector between Scotland and England. Under the agreements, Siemens Energy will supply two high-voltage direct current converter stations, while Prysmian will provide more than 640... Continue Reading →
Oil, gas exploration is back: Energy giants hunt to replenish reserves
March 27 (Reuters) - Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston this week, ending years of underinvestment in exploration. In recent years, the shale revolution in the U.S. promised abundant, flexible supply, while growth... Continue Reading →
NOV Announces US$200 Million Investment to Double Capacity at its Porto do Açu Factory
March 26 - NOV announced plans to virtually double the capacity of its submarine flexible pipe manufacturing unit at the Porto do Açu, in São João da Barra (RJ), through a US$200 million investment over the next three years. According to Jose Bayardo, chairman, president and CEO of NOV, the expansion of the unit comes... Continue Reading →
New ‘industry’s first’ for Halliburton, ExxonMobil, Noble, Sekal, and Wells Alliance offshore Guyana
March 25 (offshore-energy.biz) As the industry’s shift from automation-assisted drilling to repeatable, scalable well construction automation continues, the U.S.-headquartered oilfield services player Halliburton has tucked a new milestone under its belt by pooling resources with ExxonMobil, Sekal, Noble, and the Wells Alliance Guyana team to advance digital well construction off the coast of Guyana. The... Continue Reading →
Brazil’s Petrobras and Mexico’s Pemex Eye Deepwater Partnership
March 25 (Reuters) Brazil's Petrobras will discuss a possible partnership with Mexico's Pemex during a visit to Mexico next month, Mexican President Claudia Sheinbaum said on Tuesday, after her Brazilian counterpart proposed joint projects in the Gulf of Mexico for the two state-run oil companies. Sheinbaum added during her daily morning press conference that she... Continue Reading →
Brazilian city trials new biofuel aimed at replacing diesel entirely
March 20 (Reuters) - As widening conflict in the Middle East roils global energy markets, one city in southern Brazil is planning to run more of its municipal fleet on an innovative homegrown biofuel designed to replace diesel entirely. Nestled among rolling expanses of soybean farms in the state of Rio Grande do Sul, the... Continue Reading →