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(Reuters) Brazil's Senate has approved legislation to loosen environmental licensing, despite criticism from climate policy groups and figures inside President Luiz Inacio Lula da Silva's government. The bill, which was approved in the Senate by 54 votes to 13 late on Wednesday, would allow projects considered to have a small or mid-sized impact, such as... Continue Reading →
(offshore-energy.biz) Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shed light on its activity in the first quarter of 2025. Prosafe reported a revenue of $33 million in Q1 2025, which is similar to the $34 million in the same period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to... Continue Reading →
(PN) OneSubsea and Petrobras will jointly develop an integrated umbilical model for subsea control, injection and monitoring, in line with the operator's strategic plan. To this end, the two companies announced the signing of a Memorandum of Understanding. The new solution, which will use proprietary OscilayTM technology, will enable the integration of the service line... Continue Reading →
The Marechal Duque de Caxias platform vessel, installed in the Mero field, in the pre-salt layer of the Santos Basin, reached peak production yesterday, May 19, with 180 thousand barrels of oil per day (bpd). The ramp-up - the period between the first extraction and the moment when the unit reaches its maximum planned capacity... Continue Reading →
Image Credit: Morek Engineering A consortium based in South West England, led by Morek Engineering, has unveiled its innovative design concept for a new vessel class for the Floating Offshore Wind (FLOW) market, having completed the first feasibility stage. Consortium partners include naval architects Solis Marine Engineering, innovation specialists Tope Ocean, marine operations specialists First... Continue Reading →
(Reuters) Brazilian oil firm Petrobras will have a drill ship ready to make the trip to the northern state of Amapa by the end of the month, three sources close to the matter told Reuters, as the company rushes for a drilling license for the Foz do Amazonas Basin. According to the sources, work to... Continue Reading →
– Trelleborg Fluid Handling Solutions a global leader in the supply of field-proven large-bore flexible bonded hoses for crude oil and chemicals, has published a report that reveals significant opportunities for Floating Production Storage and Offloading (FPSO) owners to reevaluate their reeling hose selection and unlock greater operational value. Based on substantiative interviews with some of the leading... Continue Reading →
(offshoreWIND.biz) The Danish government will launch a 3 GW offshore wind tender this autumn, providing support through two-sided Contracts for Difference (CfD), following the suspension of the previous auction round earlier this year. The tender will open in autumn 2025 and will cover three areas, two in the Danish North Sea and one separating Denmark... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on Communications published on 02/26/2025, 04/16/2025 and 05/14/2025, informs that it will make today the payment of the first installment of shareholder remuneration relating to the balance sheet of December 31, 2024. The gross amount to be distributed today corresponds to R$ 0.37183274 per common and preferred share,... Continue Reading →
(OE) California-based Aikido Technologies has signed an agreement with Marine Energy Test Centre (METCentre) in Haugesund, Norway, to deploy a first-of-its-kind 15MW demo project, called AO60. Once installed in 2027, the platform will be one of the largest floating wind platforms constructed and deployed to date. The METCentre has a long history of supporting innovative... Continue Reading →
Brazil Energy Insight 