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AUG. 28 - MODEC, a global leader in the construction, chartering, and operation of floating oil and gas production platforms, has taken another step toward decarbonizing its operations. The company has signed a contract with Norwegian Eld Energy to test a pilot system of solid oxide fuel cells (SOFCs), which generate energy without combustion. One... Continue Reading →
Aug. 28 (PN) Karoon announced to the market that it intends to invest between US$55 million and US$65 million in 2026 in a revitalization campaign for the FPSO Cidade de Itajaí, used in the Baúna field in the Santos Basin. Additionally, the company estimates spending approximately US$80 million to US$90 million between 2030 and 2034,... Continue Reading →
Aug 27 (Reuters) - Brazilian state-run oil firm Petrobras on Wednesday concluded an emergency drill in the country's Foz do Amazonas basin, the company and Brazil's environmental agency said, marking one of the final steps needed to secure a controversial exploration license at the mouth of the Amazon river. Petrobras considers the drill, a pre-operational... Continue Reading →
Aug. 27 (OE) Seatrium has secured a contract from Golar Hilli Corporation, a subsidiary of Golar LNG, to perform the upgrading of floating liquefied natural gas (FLNG) unit Hilli Episeyo. Scheduled to enter the yard in the third quarter of 2026, the project involves technical modifications for FLNG Hilli Episeyo’s redeployment. The scope of work... Continue Reading →
Aug. 26 (OE) A cargo transfer vessel owned by Mitsui O.S.K. Lines (MOL) will be shared by TotalEnergies EP Brasil, which employs the vessel in its operation since 2020, with Shell Brasil Petróleo for crude oil cargos produced in Brazil. The vessel SeaLoader 1, owned by MOL’s subsidiary SeaLoading Holding, is employed by TotalEnergies for... Continue Reading →
Aug. 25 - The Pre-Operational Test (POT), conducted by Ibama, is the final stage of the environmental licensing process for drilling in block FZA-M-59, in deep waters off Amapá, in the Equatorial Margin. See below the answers to the main questions about this simulated exercise. What is the POT? The Pre-Operational Test (POT) is the final stage of the environmental licensing process conducted... Continue Reading →
Aug. 25 (OE) Norwegian offshore vessel owner Solstad Offshore has secured two contracts for its Normand Turmalina and Normand Superior vessels, with the combined worth of $65 million. The anchor handling tug supply (AHTS) vessel Normand Turmalina has received a contract extension from BRAVA Energia in Brazil. The extended contract has a duration of three... Continue Reading →
Aug. 22 (OE) Offshore supply vessel operator Havila Shipping ASA delivered stronger results in the second quarter of 2025, supported by high fleet utilization and stable freight revenues.Freight revenues reached NOK 165.5 million in Q2, up NOK 19.5 million from the same period in 2024 and broadly in line with the previous quarter. Total operating... Continue Reading →
(offshore-energy.biz) A flexible, large subsea construction vessel owned by Norwegian DOF Group has been contracted on a four-year term charter with Brazil’s oil & gas company Petrobras. Under the contract valued at approximately $165 million, Skandi Salvador will operate with two work-class remotely operated vehicles (ROVs) and a subsea crane, with delivery expected in December.... Continue Reading →
Aug. 20 - DOF Group ASA's revenue for 2nd quarter (management reporting) totals USD 507 million (USD 361 million) and EBITDA totals USD 214 million (USD 122 million). The operating profit (EBIT) is USD 150 million (USD 111 million). Net financial gain amount to USD 10 million (USD -91 million) including unrealized currency gain of USD... Continue Reading →
Brazil Energy Insight 