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(OE) Energy industry services firm EnerMech has been selected to carry out pre-commissioning work on the ONE Guyana FPSO for Guyana Deepwater Operations, SBM Offshore’s subsidiary in Guyana. The FPSO is currently on its way to Guyana, having departed Singapore in February, and is set to arrive to its destination later in 2025. It will... Continue Reading →
(OM) Seadrill has reported a current overall order backlog of $3 billion, while Velesto reported $158.8 million in orders. Meanwhile, last week competitor Noble reported it added $525 million of contracts to its drilling backlog. Seadrill’s West Polaris drilllship has started a contract with Petrobras offshore Brazil, following a delay caused by commissioning and testing of upgraded equipment. Another of the... Continue Reading →
(oilprice.com) Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million barrels per day (bpd) at the Buzios field by 2030, cementing Brazil’s status as an offshore oil heavyweight. Petrobras... Continue Reading →
PRIO S.A. (“PRIO” or “Company”) (B3: PRIO3) and PRIO Forte S.A. (“Issuer”), in compliance with the terms of the Resolution No. 44, of August 23rd, 2021, as amended, issued by the Brazilian Securities and Exchange Comission (“CVM Resolution 44” and “CVM”, respectively), and Resolution No. 160, of July 13, 2022, as amended, issued by CVM... Continue Reading →
PRIO S.A. (“PRIO” or “Company”) (B3: PRIO3), in compliance with CVM Resolution 44/2021, hereby informs its shareholders and the market in general that, at a meeting of the Company’s Board of Directors held on February 25, 2025, an increase in the Company’s share capital in the amount of R$ 2,800,000,000.00, was approved, rising from R$... Continue Reading →
February 28, 2025 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best corporate governance practices, informs its shareholders and the market in general that, today, the Brazilian Institute of the Environment and Natural Renewable Resources (“Ibama”) has granted the drilling license for Wahoo Field. Thus, the Company will immediately begin mobilizing the Hunter Queen rig... Continue Reading →
(evwind.es) Colombia announced that it managed to obtain 69 areas for the first round of wind energy in the Colombian sea, an initiative led by the Ministry of Mines and Energy, the General Maritime Directorate (DIMAR) and the National Hydrocarbons Agency (ANH). According to the Ministry of Mines and Energy, the deadline established for the... Continue Reading →
(offshoreWIND.biz) The European Union has unveiled the Clean Industrial Deal, a transformational business plan outlining concrete actions to turn decarbonisation into ‘a driver of growth‘ for European industries by supporting renewable energy sources. Specifically, the plan aims to lower energy prices, create ‘quality’ jobs and the ‘right’ conditions for companies to thrive, accelerating decarbonisation while at... Continue Reading →
(Reuters) - Mexican state oil company Pemex posted a 190.5 billion-peso ($9.1 billion) fourth-quarter net loss on Thursday, following a year-ago profit, citing higher sales costs, lower fixed asset values and currency exchange losses. The ailing giant's production continued to decline during the three-month period, and financial debt remained close to the $100 billion level... Continue Reading →
Australian oil company Karoon announced that it has signed a Sale and Purchase Agreement (SPA) with Altera & Ocyan to acquire 100% of FPSO Cidade de Itajaí for $115 million, plus approximately $8 million in transaction costs. The unit operates in the Baúna field, which is fully operated by Karoon. The agreement is subject to... Continue Reading →
