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Oct. 13 (OE) Oil and gas company Sintana Energy has agreed to acquire Challenger Energy, which holds interest in two blocks offshore Uruguay as well as other assets in broader region. The all-share transaction, valued at about $60 million, will create a combined exploration platform spanning eight licenses in Namibia and Uruguay, as well as... Continue Reading →
Oct. 13 (OE) French subsea power cable maker and services provider Nexans has appointed Julien Hueber as its new Chief Executive Officer (CEO). Hueber is succeeding Christopher Guérin who has been the CEO of the company for the past seven years, effective immediately. The Appointments & Corporate Governance Committee has conducted a comprehensive process to... Continue Reading →
Oct. 13, (OE) Sea1 Offshore, formerly Siem Offshore, has secured a new contract for its platform supply vessel (PSV) Sea1 Atlas. The contract for Sea1 Atlas PSV is in Brazil and has a duration of three years, along with six-month option at market terms. The start of operations is scheduled for the first quarter of... Continue Reading →
Oct 10 (Reuters) - Construction on a TikTok data center in Brazil will begin in six months, an official said on Friday, with the project expected to bring in some 50 billion reais ($9.11 billion) in investment. "Six months from now, we will begin construction to host TikTok's data center," Mines and Energy Minister Alexandre... Continue Reading →
Oct 10 (Reuters) - Chinese wind turbine manufacturer Ming Yang Smart Energy will invest up to 1.5 billion pounds ($2 billion) to build a wind turbine manufacturing facility in Scotland which could create up to 1,500 jobs, it said on Friday. Britain is seeking to scale up renewable power to help meet its climate targets... Continue Reading →
Oct. 10 (Reuters) Equinor has scrapped plans to cut greenhouse gas emissions by connecting several offshore platforms to Norway's onshore power grid, the company told the government on Friday, citing soaring costs. The oil and gas sector is Norway's largest source of climate emissions, accounting for about a quarter of the total. Around 80% of industry emissions... Continue Reading →
Oct.10 (offshore-energy.biz) Chevron Suriname Exploration, a subsidiary of U.S.-based energy giant Chevron, is preparing to embark on drilling activities off the coast of Suriname with a rig owned by Noble Corporation, an American offshore drilling giant. Chevron is set to drill the Korikori-1 exploration well this month, after receiving a permit for the drilling operations at the... Continue Reading →
Oct. 9 (Reuters) The U.S. government has granted an authorization for energy major Shell and Trinidad and Tobago to develop an offshore gas field in Venezuela close to the maritime border, Trinidad's attorney general said on Thursday. The prominent project, aimed to supply Trinidad with Venezuelan gas, has progressed slowly in recent years amid frequent... Continue Reading →
Oct 9 (Reuters) - Brazilian state-run oil company Petrobras will be able to deliver about 20% of the country's total demand for nitrogen fertilizers next year as it restarts operations at three local plants, CEO Magda Chambriard said on Thursday. Petrobras' Bahia and Sergipe plants, both in Brazil's northeastern region, are expected to supply 5% and... Continue Reading →
Oct. 9 (offshoreWIND.biz) Ørsted will lay off around 500 people by the end of this year and a total of approximately 2,000 towards the end of 2027. Of the 500 employees who will be made redundant in Q4 2025, some 235 are in Denmark. The company said on 9 October that the move to reduce... Continue Reading →
Brazil Energy Insight 