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May 30 (Reuters) - Guyana was already the world’s fastest growing economy before the U.S.-Israeli war on Iran drove up oil prices. Now, the tiny Caribbean nation of nearly 1 million people will reap an even bigger bonanza as the conflict reshapes global energy markets. The war that caused one of the largest energy disruptions... Continue Reading →
May 29, 2026 SBM Offshore announces that it has been awarded contracts by Petróleo Brasileiro S.A. (Petrobras) for two FPSO projects located in the Sergipe-Alagoas basin, located in the northeastern part of Brazil. Under these contracts, SBM Offshore will design, build and operate FPSOs SEAP-I and SEAP-II. The consortia led by Petrobras will own the... Continue Reading →
May 28 - Petrobras announced investments of approximately R$60 billion in Sergipe as part of the Sergipe Deepwater Project (SEAP), an initiative that should increase the Northeast's share of the national natural gas supply from the current 16% to 31% by 2035. The information was announced by the state-owned company's president, Magda Chambriard. The SEAP... Continue Reading →
My 28 (Reuters) Malaysia's oil and gas producer Petronas is exploring for oil at offshore Block 52 in Suriname, which was declared commercially viable for the development of natural gas late last year following large discoveries in the area, the managing director of state company Staatsolie said on Wednesday. "We hope also to somewhere in... Continue Reading →
May 27 (OE) TGS has been awarded a large and high-end 4D streamer contract offshore Angola. The program is scheduled to commence acquisition in early July 2026, and the contract has a duration of approximately eight months. Kristian Johansen, CEO of TGS, commented, “We are very pleased with this contract award, which reinforces TGS’ strategic... Continue Reading →
May 27 (splash) Major offshore wind markets in the UK, Europe, and APAC, excluding mainland China, are tightening their policy frameworks to support project execution, creating a more stable backdrop than the US, where regulatory uncertainty continues to weigh on market momentum. According to London-based energy market research firm Westwood, marketed utilisation for wind turbine... Continue Reading →
May 27 (OE) ABS has issued a Statement of Maturity for SBM Offshore’s Seawater Intake Riser (SWIR) technology. Developed in collaboration with Shell, the SWIR technology features an innovative technique to pump colder seawater from approximately 700 meters below the ocean’s surface up to an FPSO’s topsides to be used for cooling purposes. Depending on... Continue Reading →
May 26 (OE) Karoon Energy has restarted production from the Baúna project offshore Brazil following a planned 28-day shutdown tied to maintenance and revitalization work on the floating production, storage and offloading (FPSO) unit. The company said production has ramped up to approximately 11,500 barrels of oil per day before natural decline resumes. Karoon expects... Continue Reading →
May 25 (oilnow.gy) ExxonMobil proposed Longtail development will incorporate multiple environmental safeguards aimed at reducing impacts on marine ecosystems, water quality, and coastal resources offshore Guyana, according to the project’s Environmental Impact Assessment (EIA) published by the Environmental Protection Agency (EPA) in March. The mitigation and monitoring approaches proposed for Longtail build on environmental management systems and... Continue Reading →
May 22 (oilnow.gy) ExxonMobil Guyana Limited (EMGL) has issued a request for information (RFI) seeking technical input from suppliers for the potential construction of up to two DP2 chemical carrier platform supply vessels (PSVs). The RFI, published on May 19, outlines plans for a service agreement covering DP2 chemical PSVs designed to carry type I,... Continue Reading →
Brazil Energy Insight 