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Nov. 21 - SISTAC, a company operating in the Brazilian market for inspection, maintenance, and repair of submerged structures for the oil and gas industry, has signed a long-term contract addendum with the Norwegian company DOF Subsea for operations in the Campos, Santos, and Espírito Santo basins. The partnership guarantees the continued use of divers... Continue Reading →
Nov. 21 (offshoreWIND.biz) BayWa r.e. has received concept certification from DNV for its BayFloat floating wind semi-submersible concrete substructure and mooring system design. The design was validated using the 22 MW generic reference turbine “IEA-22-280-RWT”. The certification process was conducted in accordance with DNV-SE-0422:2021-09 “Certification of floating wind turbines” scheme, including DNV-ST-0119:2021-06 “Floating wind turbine... Continue Reading →
Nov 21 (Reuters) - U.S. sanctions are dismantling what remains of Lukoil's Litasco, once Russia's biggest oil trader and a rival to top Swiss houses and oil majors, five sources told Reuters. The measures, which also target state-owned Rosneft, took effect on Friday as Washington seeks to choke off Moscow’s ability to fund its war in... Continue Reading →
Nov. 21 (Oilprice.com) Latin America has all the necessary ingredients for a successful clean energy transition, but can it pull it off? The region has enormous clean energy production potential, and already sources an impressive 70% of its electricity from renewables. However, the necessary infrastructural and policy supports to ensure a secure, sustainable, and just transition are... Continue Reading →
Nov 20 (Reuters) - U.S. President Donald Trump on Thursday removed his 40% tariffs on Brazilian food products, including beef, coffee, cocoa and fruits that were imposed in July to punish Brazil over the prosecution of its former president, Trump ally Jair Bolsonaro. The move follows a similar order by the administration last Friday to remove tariffs on several... Continue Reading →
Nov 21 (Reuters) - The COP30 climate summit was headed for a showdown on Friday over the future of fossil fuels after hosts Brazil dropped efforts to develop a global plan to shift away from oil, gas and coal from its proposed deal. A draft text for a deal for this year's U.N. climate summit,... Continue Reading →
November 21, 2025 – Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact published on 08/07/2025, informs that it will make today the payment of the first installment of shareholder remuneration declared based on the balance sheet of June 30, 2025. The gross amount to be distributed today, entirely in the form of... Continue Reading →
Nov. 21 (OE) Swiss-based equipment supplier Sulzer has secured an order to supply multiple water injection packages to Seatrium for Petrobras’ next generation P-84 and P-85 floating production storage and offloading (FPSO) vessels. To support the construction of both vessels, Sulzer will deliver fully integrated pump skids designed to provide maximum efficiency in a compact... Continue Reading →
Nov. 20 (oilnow.gy) Japan-based floating production specialist MODEC Inc. has reported strong results for the first nine months of 2025, driven by a new contract with ExxonMobil Guyana Limited for the Hammerhead development in the Stabroek Block. The company said orders received totaled US$8.4 billion for the period ending September 30, up 1,327% from the... Continue Reading →
Nov. 20 (oilnow.gy) ExxonMobil Guyana is considering buying the ONE GUYANA floating production, storage and offloading vessel in early 2026, ahead of the unit’s maximum lease end in August 2027. SBM Offshore disclosed the update in its recently released third-quarter trading report, which stated that the company is “contemplating the exercise of its contractual purchase option.” The... Continue Reading →
Brazil Energy Insight 