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Spot Auction will offer 4 million barrels with shipment scheduled between February and August 2026 Oct. 23 - PPSA (Pre-Salt Oil) began the process for holding the 5th Spot Oil Auction, scheduled for December 10, 2025. The event foresees the commercialization of four loads of 1 million barrels of oil from the Union each, coming... Continue Reading →
Oct 20 (Reuters) - Danish shipping company Maersk is testing a blend of Brazilian ethanol with methanol and marine diesel - known as "bunker" - for its vessel engines as part of its efforts to further decarbonize operations, the company announced on Monday. WHY IT'S IMPORTANT The initiative could open a new market for Brazil's ethanol... Continue Reading →
Oct. 23 (OE) Norwegian offshore supply vessel owner DOF Group has secured contract extensions for two of its subsea vessels, both operating in Guyana. The contract extensions are for Skandi Nomad and Skandi Constructor, which will remain on duty for one more year each. Following the extensions, Skandi Nomad is contracted until the fourth quarter... Continue Reading →
Oct. 23 (OE) Golar LNG has informed that all conditions for the 20-year charter of its 3.5 million tonnes per annum (MTPA) MK II Floating Liquefied Natural Gas (FLNG) unit to Southern Energy S.A. (SESA) in Argentina have been satisfied. The announcement confirms $8 billion in EBITDA backlog before commodity exposure and inflationary adjustments. The... Continue Reading →
Oct. 22 (PN) Petrobras wasted no time in starting drilling the pioneer well in block FZA-M-59, in the Foz do Amazonas Basin, on the Equatorial Margin. The drilling, expected to last approximately five months, began on Monday (20), the same day that Ibama (Brazilian Institute of Environmental Protection) issued the environmental license authorizing the operation.... Continue Reading →
Oct 22 (Reuters) - U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders, and an uncertain future for the billions of dollars' worth of investments. The impact represents an unintended... Continue Reading →
Oct 21 (Reuters) - Brazilian state-run oil company Petrobras'could start oil and gas production in the Foz do Amazonas basin within seven years if large reserves are confirmed, the company's Chief Executive Magda Chambriard told Reuters on Tuesday. Brazil's environmental agency Ibama on Monday greenlit Petrobras to drill an exploratory well in Foz do Amazonas, near the... Continue Reading →
Oct. 21 - SMST has secured a new contract from Norwegian shipbuilder VARD for the delivery of two sets of mission equipment to be installed on an additional two of North Star’s newbuild Service Operation Vessels (SOVs). These vessels are part of a long-term charter agreement between shipowner and operator North Star and energy company... Continue Reading →
Oct. 20 – Petróleo Brasileiro S.A. – Petrobras informs that it received today the environmental license from Ibama to drill an exploratory well in block FZA-M-059, located in deep waters off Amapá, 500 km from the mouth of the Amazon River and 175 km from the coast, on the Brazilian Equatorial Margin. The drill rig... Continue Reading →
Oct. 17 (moneytimes) Prio obtained authorization from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) to resume production at the FPSO Peregrino, operated by Equinor. According to the relevant fact released to the market, the production ramp-up process will begin immediately. The shutdown occurred in mid-August of this year due to pending safety... Continue Reading →
