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(OE) Empire Energy's Offshore Division, an offshore wind EPC firm, has partnered with Largo Concrete, a structural concrete contractor, to support the growth of offshore wind sector. The partnership will leverage Empire Energy Offshore's project portfolio and deep industry knowledge alongside Largo’s concrete expertise to drive innovative solutions and sustainable infrastructure in the growing offshore... Continue Reading →
(Reuters) EIG-owned Ocyan has signed a contract worth around 750 million reais ($134.61 million) to provide maintenance and maritime services to Brazil's state-run oil firm Petrobras, Ocyan's chief executive Jorge Luiz Mitidieri told Reuters. The deal will last at least four years, in what is the largest individual contract signed by Ocyan since the COVID-19... Continue Reading →
(TN) CBO signed a contract with Equinor Brasil to operate the PSV Delta Cardinal, in partnership with Delta Logistics Limited, owner of the vessel, which has extensive experience in maritime support in the Caribbean and South America region. The operation begins in July and foresees a duration of one year. The vessel joins the Company's... Continue Reading →
Equinor, on behalf of its partners in the Raia project – Repsol Sinopec Brasil and Petrobras, awarded Valaris, represented by Ensco UK Drilling Limited and Ensco do Brasil Petróleo e Gás LTDA, a drilling contract for operations in Brazil. Drilling activities are scheduled to begin in 2026. The objective is to drill six wells, with... Continue Reading →
Siem Offshore has secured a contract extension for its 2009-built diesel-electric driven multipurpose support vessel (MPSV). The 93.6-meter-long MPSV Siem Dorado has been awarded a contract extension from marine geophysical service provider PXGeo for utilization for two years and four-month firm period in direct continuation. This extension ensures that the Siem Dorado vessel, a research... Continue Reading →
(Offshore-energy.biz) UK-headquartered AIS has secured multiple contracts to supply a comprehensive range of subsea ancillary solutions on a “major” deepwater oil field development located in the Santos Basin, off the coast of Brazil. The contracts are from several engineering, procurement, construction, and installation (EPCI) and original equipment manufacturer (OEM) companies. The contracts involve providing various critical subsea... Continue Reading →
(Reuters) - Brazilian chemical company Unigel is demanding compensation from state-run Petrobras (PETR4.SA), opens new tab for losses on two leased fertilizer plants, a legal letter seen by Reuters showed, marking another setback in negotiations to reopen the plants. The two plants, a key part of President Luiz Inacio Lula da Silva's plan to ease Brazil's dependency on imported fertilizer,... Continue Reading →
(Reuters) - Portugal plans to raise the contribution of renewables in electricity consumption to 93% by 2030, as part of its decarbonisation push, according to an updated draft of its energy and climate plan seen by Reuters on Monday. However, the draft proposal plans to lower the 2030 target for the installed capacity of electrolyzers... Continue Reading →
(Reuters) Portugal's Galp Energia on Monday reported its second quarter adjusted net profit jumped 16% and beat expectations as higher oil price and lower cost of production offset lower production and stable refining margin. It booked an adjusted net profit of 299 million euros ($325.34 million), more than the 236 million euros expected by 18... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, following up on the release disclosed on June 17, 2024, informs that obtained the approval of partners in E&P consortiums for reimbursement to Petrobras related to adherence to the PGFN-RFB 6/2024 Transaction Public Notice (tax disputes of significant and widespread legal controversy). As previously reported, several Petrobras partners in E&P... Continue Reading →
Brazil Energy Insight 