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The second wind turbine installation vessel (WTIV), built by Yantai CIMC Raffles Offshore for DEME Group, has been launched. Norse Energi, like its sister vessel Norse Wind, is engineered to install turbines with rotor diameters over 300 metres and XXL monopiles up to 3,000 tonnes, even in water depths of 70 metres. The first steel for... Continue Reading →
July 3, 2025 - PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of June. Key: (1) In the Frade field, the gas compression system was fully repaired, and production was normalized. (2) In the Polvo and Tubarão Martelo cluster,... Continue Reading →
(Reuters) - An Exxon Mobil-led oil consortium has returned 2,534 square kilometers of the Stabroek Block in Guyana back to the government, the Ministry of Natural Resources said in a statement on Wednesday. The relinquishment is part of a contractual requirement for Exxon to enter the final phase of exploration of the Stabroek Block, which contains... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that approximately R$33 billion in investments are planned for refining and petrochemical projects in Rio de Janeiro, of which R$29 billion in Petrobras Capex and R$4 billion in another project that operates in synergy with Petrobras assets. The implementation of the integration projects of the Boaventura Energy Complex (Itaboraí... Continue Reading →
BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of June 2025. Brava renewed its historical quarterly production record in 2Q25, reaching a daily average of 85.9 thousand boe, an increase of 21% when compared to 1Q25. This result... Continue Reading →
(Reuters) - Brazil plans to hold an additional oil auction this year for uncontracted areas in the pre-salt offshore region after Senate approval of legislation that clears the way for the sale, a senior energy official said on Wednesday. The government aims to boost revenue to meet this year's fiscal targets after Congress overturned a presidential decree... Continue Reading →
(offshore-energy.biz) Australia-based petroleum exploration company Pancontinental Energy has revealed the results of two studies exploring hydrocarbon properties of a petroleum exploration license (PEL) it operates in the Orange Basin, offshore Namibia. The Australian player said the new evidence provides increased confidence for the presence of a high net-to-gross reservoir system and the presence of hydrocarbons... Continue Reading →
(PN) Two new contracts were signed with Subsea7 for the supply of Rigid Jumpers for the projects in the Mero 4 and Búzios 8 fields, located in the heart of the Santos Basin pre-salt layer, at a depth of 2,200 meters. The contracts provide for the delivery of 28 Rigid Jumpers, 13 for the Mero... Continue Reading →
ANP released the Monthly Bulletin of Oil and Natural Gas Production for May 2025, which contains consolidated data on national production. The month of May registered a record in national oil and gas production, considering pre-salt, post-salt and onshore. With regard to oil, 3.679 million barrels per day (bbl/d) were extracted, an increase of 1.3%... Continue Reading →
(Reuters) - The Crown Estate, which manages King Charles' public property, reported an annual net profit of 1.15 billion pounds ($1.57 billion) on Tuesday, similar to the previous year, with offshore wind leases its biggest source of revenue. The Crown Estate, which comprises tracts of land and most of Britain’s sea bed, is an independently... Continue Reading →
Brazil Energy Insight 