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Nov 12 (Reuters) - BP is in active negotiations with investment firm Stonepeak over the sale of its Castrol lubricants unit, according to two people with knowledge of the situation, in what would be a major step in meeting the energy company's $20 billion divestment goal. The sale process for Castrol began earlier this year after the London-listed... Continue Reading →
Nov. 12 (Reuters) The International Energy Agency’s latest outlook signals that oil demand may continue rising into 2050, a sharp shift from its previous reports and a stark reminder of how dominant black gold remains in the global economy. The IEA's annual World Energy Outlook, published on Wednesday, maps out different trajectories for energy demand... Continue Reading →
Nov. 12 (offshoreWIND.biz) MunmuBaram, owned by Hexicon, has completed the Marine Traffic Safety Examination (MTSE), marking a milestone in advancing the floating offshore wind project toward full permitting and construction. The developer said that this examination is a vital regulatory step that evaluates how offshore wind development may affect existing vessel routes and overall maritime... Continue Reading →
Nov. 12 (offshoreWIND.biz) Ørsted has reduced its carbon emissions by 98%, becoming the first energy company in the world to achieve its science-based 2025 decarbonisation target, the Danish firm announced on 12 November. Renewable energy accounts for 99 per cent of the company’s energy production, while its scope 1 and scope 2 emission intensity has... Continue Reading →
Rio de Janeiro, November 11, 2025 – PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), in addition to the Material Fact disclosed on May 1st, 2025, informs its shareholders and the market in general that, after the fulfillment of the precedent conditions and the necessary approvals, the acquisition of 40% interest and operation of the Peregrino... Continue Reading →
Nov. 11 - The P-79 FPSO left the Hanwha Ocean shipyard, located in Geoje-Si, South Korea, heading to the Búzios field, in the pre-salt layer of the Santos Basin. The unit will be towed to the operating area with the crew on board, which should speed up the start of production. Arrival is scheduled for... Continue Reading →
Nov 11 (Reuters) - Brazilian engineering group Novonor is close to reaching an agreement to sell most of its controlling stake in petrochemical firm Braskem to IG4 Capital, four sources familiar with the matter told Reuters. Sao Paulo-listed Braskem shares soared more than 17% on Tuesday following a Bloomberg News report on the potential deal,... Continue Reading →
Nov 11 (Reuters) - Oil producers TotalEnergies, QatarEnergy and Petronas have signed a five-year agreement with Guyana's government to explore a shallow-water block, authorities and company executives said on Tuesday. Guyana has struggled to diversify its energy industry, currently dominated by a consortium that is led by U.S. Exxon Mobil and that has controlled all crude... Continue Reading →
Nov. 11 (OE) Odfjell Oceanwind has been granted Basic Design Approval (BDA) from DNV for the Deepsea Star floating offshore wind design. The BDA covers the use of Siemens Gamesa’s SG DD-236 15 MW wind turbine generator in a wide range of conditions, including the harsh environments present in multiple offshore wind locations in the... Continue Reading →
Nov. 11 (offshore-energy.biz) How smarter ROV deployment starts with smarter, real-time sea state measurement. The deployment of remotely operated vehicles (ROVs) is one of the most critical and riskiest activities in offshore operations. These subsea systems are essential for tasks such as inspections, repairs and construction in challenging underwater environments. But when it comes to... Continue Reading →
Brazil Energy Insight 