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June 11 - Ocean Installer, a wholly owned subsidiary of Moreld ASA, has been contracted by Equinor to execute the well tie-in scope for the Bacalhau field in the Santos Basin. The contract is for 4.5 years, with options for extension and rigid jumper fabrication. The scope includes the installation of rigid well jumpers between... Continue Reading →
June 11 (OE) SLB has signed a long-term framework agreement with Venezuela's state oil company PDVSA to support the modernization and development of the country's oil and gas sector. The memorandum of understanding establishes a framework for cooperation across exploration, field development, production, digital enablement, and workforce training and development. The companies said the collaboration... Continue Reading →
June 11 (OE) Shearwater Geoservices has been awarded a distributed acoustic sensing (DAS) seismic survey contract in the Stabroek Block offshore Guyana by ExxonMobil Guyana. The contract covers a two-month program comprising source-only seismic acquisition in support of a baseline DAS reservoir surveillance survey over the Yellowtail development area. Shearwater has deployed the vessel SW... Continue Reading →
June 10 (Reuters) Britain has offered grid connections to more than 700 projects, the country's power planning body said on Wednesday, under a reformed allocation system expected to help unlock up to £40 billion in annual clean power investment. The allocations follow recent reforms replacing a "first come, first served" connection system that had led to bottlenecks, said... Continue Reading →
June 10, 2026 – Petróleo Brasileiro S.A. – Petrobras informs that it has entered into an agreement with Equinor Brasil Energia Ltda. (Equinor) for the acquisition of a 50% interest in the Itaimbezinho block, in the offshore area of the Campos Basin. Equinor currently holds a 100% interest in the Itaimbezinho block and, upon completion... Continue Reading →
June 10 (OE) Shell and its partners QatarEnergy and Namibia's national oil company NAMCOR have reported encouraging results from the Merlin-1X exploration well in Petroleum Exploration License 0039 (PEL 0039) offshore Namibia, with the well delivering the most promising subsurface results to date in the license area. Merlin-1X, the tenth well drilled under the license... Continue Reading →
June 10 (OE) TGS has signed an agreement with Equatorial Guinea's Ministry of Hydrocarbon and Mining Development to create a large-scale offshore multi-client seismic dataset, marking the first phase of what is planned to become a nationwide MegaSurvey covering the country's offshore basins. The initial phase of the project will include post-stack reprocessing of approximately... Continue Reading →
June 10 (OE) PXGEO has signed a one-year framework agreement with Equinor to conduct autonomous subsea inspection trials using Saab's Sabertooth Underwater Intervention Drone (UID) technology. The agreement will see the companies test and verify autonomous inspection capabilities, including validation of autonomous behaviors for offshore inspection operations. The first call-off under the agreement is already... Continue Reading →
June 9 (Reuters) - Norway's parliament on Tuesday ordered the government to review its planned subsidy for the country's first commercial floating offshore wind farm, raising concerns of a full development stop and a wider impact on energy transition projects. A proposal by the opposition Conservative Party seeking financial scrutiny of a 35 billion Norwegian... Continue Reading →
June 9 (Reuters) - Global offshore wind capacity is set to quadruple over the next decade to reach 420 gigawatts (GW) by the end of 2035, a report by the Global Wind Energy Council (GWEC) showed on Tuesday. Around 92 GW of offshore wind was installed by the end of 2025, enough to power around... Continue Reading →
Brazil Energy Insight 