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(OE) US Secretary of the Interior Doug Burgum has directed the Bureau of Ocean Energy Management (BOEM) to begin a public engagement process to develop a new schedule for offshore oil and gas lease sales on the U.S. Outer Continental Shelf. “Launching the process to develop the 11th National Outer Continental Shelf Program marks a... Continue Reading →
(OE) MODEC has been awarded a contract by ExxonMobil Guyana to develop an FPSO for the Hammerhead project. The Hammerhead FPSO will have the capacity to produce 150,000 barrels of oil per day (BOPD), along with associated gas and water. It will be moored at a water depth of approximately 1,025 meters using a SOFEC... Continue Reading →
(OE) The seventh generation Atlantic Zonda drillship, managed by Ventura Offshore Midco, has started operations for Petrobras under a three-year drilling contract. The Atlantic Zonda is managed by Ventura Offshore through marketing and operating agreements with the rig owner, Eldorado Drilling, and the company will earn its management fees and reimbursable revenues from these agreements.... Continue Reading →
(Reuters) - The board of Brazilian state-run oil company Petrobras on Thursday approved plans to select a partner to restart operations at its fertilizer plants in northeastern Brazil, according to four sources familiar with the matter. But the move still hinges on resolving ongoing disputes with current leaseholder Unigel, added the sources, who requested anonymity as... Continue Reading →
(offshore-energy.biz) UK provider of remotely deployed subsea inspections, TSC Subsea, has secured a multi-year contract in Brazil for subsea phased array (SPA) inspection of circumferential welds on rigid subsea pipelines, covering both flowline and riser sections at depths of up to 3,000 meters. According to TSC Subsea, the contract, which will run from 2025 to... Continue Reading →
(offshoreWIND.biz) Dutch Fugro has realigned its operations in the Americas by reducing its workforce and scaling back operations due to expected lower revenues caused by a pause in new offshore wind projects. In the financial update for the first quarter of 2025, Fugro stated that rapidly increased geopolitical and economic uncertainties influencing client investment behaviour worldwide add... Continue Reading →
(OE) New York Governor Kathy Hochul has said she would fight the federal decision to halt all construction for the Empire Wind 1 offshore wind project made by the U.S. Department of the Interior (DOI). The U.S. Interior Secretary Doug Burgum ordered a halt to construction on Equinor's Empire Wind project off the coast of... Continue Reading →
BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general about the publication of the Reserve Certification Reports for the Company's main assets, with a reference date of December 31, 2024 ("Certification 2025"), prepared by the independent specialized consultancies DeGolyer and MacNaughton... Continue Reading →
(oilnow.gy) International engineering giant Bechtel is working closely with the Government of Guyana to develop a deep-water port in Berbice, Region Rix (East Berbice-Corentyne). This is according to President of the South American country, Dr. Mohamed Irfaan Ali. The facility is expected to play a central role in the country’s expanding gas development and regional... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact disclosed on February 26, 2025, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the remuneration to shareholders related to the 2024 Fiscal Year, in the total amount of R$ 73,905,736,229.85, representing R$ 5.73413520 per common and preferred share in... Continue Reading →
Brazil Energy Insight 