Global Installation Vessel Fleet Could Enable Up to 400 GW of Offshore Wind by 2030, but More Newbuilds Needed Outside China – Study

Jan. 22 (offshoreWIND.biz) The global fleet of offshore wind installation vessels could support achieving up to 400 GW of offshore wind capacity by 2030, provided that additional vessels are ordered and deployed, alongside supportive market conditions, according to a scenario study by the Kuehne Climate Center. The study also shows that, looking globally, newbuild investments... Continue Reading →

January 22, 2026 0

Brazil’s Petrobras to buy five gas tankers, multiple vessels for $521 million

Jan 20 (Reuters) - Brazilian state-run oil firm Petrobras and its logistics subsidiary Transpetro on Tuesday signed contracts with shipyards for five gas carriers, 18 barges and 18 pushers, for 2.8 billion reais ($521 million). The companies made the deal official at an event in Brazil's southern Rio Grande do Sul state. Brazilian President Luiz Inacio... Continue Reading →

January 21, 2026 0

Seadrill Firms Up Offshore Drilling Workload with Multi-Region Contract Awards

Jan. 21 (OE) Offshore drilling contractor Seadrill has secured multiple contract awards for its West Capella, West Elara and West Carina drilling rigs across Malaysia, Norway and Brazil. In Malaysia, the ultra-deepwater drillship West Capella secured a well-based contract with an undisclosed operator. The program is expected to start in the second quarter of 2026... Continue Reading →

January 21, 2026 0

Halliburton beats fourth-quarter profit estimates on steady international demand

Jan 21 (Reuters) - Halliburton surpassed analysts' expectations for fourth-quarter profit on Wednesday, on the back of steady demand for its services and equipment in international markets. Shares of the oilfield services company rose nearly 2.6% in premarket trading. The Houston-based company, which kicked off the earnings season for U.S. oilfield services providers, has focused on... Continue Reading →

January 21, 2026 0

Strike, Privatization Push Raise Fresh Risks for Peru’s Oil Sector

Jan. 20 (oilprice.com) A three-day strike at Peru’s state oil company began Monday as workers protested government plans to open the company to private investment, a move that comes as Petroperu also weighs bringing in outside management for its debt-laden Talara refinery. Workers at state-owned Petroperu launched the strike in opposition to what unions describe... Continue Reading →

January 20, 2026 0

U.S. Intervention in Venezuela Has Shored Up Guyana’s Oil Ambitions

Jan. 20 (oilprice.com) Oil production in South America’s Guyana has gone from strength to strength in recent years, as international oil majors develop several new oil-producing regions. This has led Guyana to become one of the most-promising oil producers in the Americas, with high hopes for the future of “low-carbon” oil production. Now, following the United... Continue Reading →

January 20, 2026 0

With refining spin off, Galp focuses on growing upstream in Brazil, Namibia

Jan 20 (Reuters) - Portuguese energy firm Galp will focus on growing its upstream business from oilfields in Brazil and Namibia and may list parts of its newly formed downstream business in a couple of years, its co-chief executive Joao Diogo Marques da Silva told Reuters on Tuesday. The company said earlier this month it was in... Continue Reading →

January 20, 2026 0

Maha Capital seeks US approval to buy stake in Venezuelan oil firm

Jan 19 (Reuters) - Swedish investment platform Maha Capital is seeking approval from the United States to acquire an indirect minority stake in a PDVSA-controlled oil firm, Maha's chairman of the board, Paulo Thiago Mendonca, told Reuters on Friday. The firm has until May to exercise an option for a majority stake in a Novonor subsidiary... Continue Reading →

January 19, 2026 0

Veolia and SBM Offshore to Develop Floating Desalination Platform

Veolia and SBM Offshore have signed a Memorandum of Understanding to develop and deploy innovative freshwater floating production units (FPUs), combining advanced reverse osmosis desalination technology with proven offshore engineering expertise to offer a sustainable, ocean-based solution to address global water demand. As water scarcity increasingly impacts business continuity and regional stability, securing reliable freshwater... Continue Reading →

January 19, 2026 0

Grupo Carso Buys Out Lukoil Offshore Oil Fields in Mexico

Jan 19 (Reuters) Mexican conglomerate Grupo Carso, controlled by magnate Carlos Slim, will buy out Lukoil to hold a full stake in the Ichalkil and Pokoch offshore oil fields, the firm said in a filing on Monday. In the deal, Grupo Carso will buy Lukoil subsidiary Fieldwood Mexico for $270 million, along with paying off $330 million of... Continue Reading →

January 19, 2026 0

Brazil Energy Insight

Global Installation Vessel Fleet Could Enable Up to 400 GW of Offshore Wind by 2030, but More Newbuilds Needed Outside China – Study

Brazil’s Petrobras to buy five gas tankers, multiple vessels for $521 million

Seadrill Firms Up Offshore Drilling Workload with Multi-Region Contract Awards

Halliburton beats fourth-quarter profit estimates on steady international demand

Strike, Privatization Push Raise Fresh Risks for Peru’s Oil Sector

U.S. Intervention in Venezuela Has Shored Up Guyana’s Oil Ambitions

With refining spin off, Galp focuses on growing upstream in Brazil, Namibia

Maha Capital seeks US approval to buy stake in Venezuelan oil firm

Veolia and SBM Offshore to Develop Floating Desalination Platform

Grupo Carso Buys Out Lukoil Offshore Oil Fields in Mexico

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