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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 →
Rio de Janeiro, May 28, 2026 – Petróleo Brasileiro S.A. - Petrobras announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) has delivered notices of redemption to the holders of the outstanding 7.375% Global Notes due 2027. Title of SecurityISINCUSIPCommon CodeAggregate Principal Amount to be Redeemed7.375% Global Notes due 2027US71647NAS8071647NAS8N/AUS$670,009,000 The redemption date for... 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 (oilprice.com) One of Europe's biggest wind turbine makers, Germany-based Nordex, is calling for stricter EU regulations to exclude non-western equipment from the supply chain of new renewable projects, as the European industry remains concerned about China's market dominance in the clean energy supply chain. "We believe the western-origin principle should therefore apply to... 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 27 (OE) Baker Hughes announced Tuesday a major contract extension with Petrobras to provide integrated solutions for well construction across Brazil’s Santos Basin. Baker Hughes will expand the company’s comprehensive well construction operations in several of the basin’s oilfields. The company’s advanced portfolio – including the AutoTrak™ rotary steerable system, cutting-edge logging-while-drilling tools, and... Continue Reading →
May 26 (oilnow.gy) Guyana is seen as a more attractive oil investment destination as Venezuela works through a sovereign debt restructuring process that analysts say could take years to complete, according to an S&P Global analysis published on May 20. The report examined Venezuela’s plans to restructure sovereign debt and obligations tied to state oil... Continue Reading →
May 26 (oilnow.gy) ExxonMobil Guyana has applied to the Environmental Protection Agency (EPA) for environmental authorization for the Haimara project, its proposed ninth development in the Stabroek Block. The project is expected to anchor a gas-focused development in the southeast section of the block, where ExxonMobil has made discoveries including Haimara and Pluma. Public scoping... Continue Reading →
May 26 (Reuters) - Occidental Petroleum is acquiring a 10% stake in Exxon Mobil’s deepwater exploration block offshore Trinidad and Tobago, according to two people familiar with the matter. Exxon was previously the sole owner of the large offshore block, known as UD(1), which lies in water depths of 2,000 to 3,000 meters and was first acquired... Continue Reading →
Brazil Energy Insight 