Nov. 2 (splash) Offshore vessel operator Oceanity, formerly known as CMM Offshore, has secured a four-year charter contract with Brazilian state-controlled oil major Petrobras for its fast oil spill response vessel CMM Purity.Oceanity subsidiary, CMM Offshore Brasil, signed the contract, which covers deploying the specialised vessel to support Petrobras’ offshore operations. The financial terms, commencement... Continue Reading →

Oct. 29 (Reuters) Shell on Thursday announced above-expectation net profit of $10.81 billion in the third quarter, its highest since 2022, and boosted its share buybacks on the back of stronger refining margins and higher liquefied natural gas prices.The US-Israeli war on Iran, now in its ninth month, has disrupted global energy supplies and caused... Continue Reading →

Sept. 28 (Reuters) The world's biggest energy companies are poised to deliver another quarter of bumper profits, fuelled by record refining margins. Flush with cash, Big Oil now needs to chart a course for future growth in a world reshaped by the Middle East crisis. Big Oil has seen its cash coffers balloon this year.... Continue Reading →

Aug. 20 - Wilson Sons, a port and shipping logistics operator with over 188 years of experience, baptised WS Ariel on Thursday (August 20th) at Pier Mauá (Rio de Janeiro). WS Ariel is the third high-powered tugboat in the company's new shipbuilding series. Like WS Halcyon and WS Capella, launched in January and May this... Continue Reading →

The Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) issued installation licenses for the P-80 and P-82 platforms, which are destined for the Búzios field in the Santos Basin pre-salt area. The P-80 and P-82 will rank among Brazil's largest platforms. Each will have the capacity to produce up to 225,000 barrels of... Continue Reading →

June 23 (Reuters) - The ​general superintendence of Brazil's antitrust watchdog ‌CADE approved the proposed merger between energy contractors Subsea7 and Saipem without restrictions, a document ​seen by Reuters showed on Tuesday. The ​merger between two of the leading ⁠global providers of offshore engineering and ​installation services for the oil and ​gas industry can still be appealed by firms... Continue Reading →

May 22 (Reuters) - Brazil's state development bank BNDES has cut its ​stake in state-run oil firm Petrobras and in power company ‌Axia Energia , selling shares from both this month, four sources told Reuters on condition of anonymity. Petrobras and Axia, along with electric utility firm Copel and meatpacker JBS , account ​for the largest... Continue Reading →

April 29 (OE) Ocean Winds (OW), a 50-50 joint venture between EDPR and ENGIE, has installed the final turbine at its Îles d’Yeu and Noirmoutier (EMYN) offshore wind farm in France. The installation of the final turbine marks the completion of construction works, as the project transitions into full operational phase.Located off the coast of... Continue Reading →

March 3 (OE) Underwater technology specialist Sonardyne has launched Observer, a new advanced monitoring system for real-time integrity management of subsea infrastructure across the offshore energy industry. Observer combines high and low frequency motion and position monitoring, powerful in-built analytics and wireless communications to deliver live insight into how subsea assets are truly behaving. This... Continue Reading →