March 16, (oilnow.gy) Automation, digital technologies, and emissions reduction are expected to shape the next generation of floating production, storage and offloading (FPSO) vessels, according to discussions at the Deepwater Development Conference in Lisbon, Portugal. The conference, hosted by World Oil and Gulf Energy Information, continued on March 11 with contractor panels, technical sessions, and... Continue Reading →
Exxon completes environmental study for Guyana’s first non-associated gas projec
March 16 (oilnow.gy) ExxonMobil has submitted the environmental impact assessment and environmental impact statement for the proposed Longtail development offshore Guyana, a key step toward the country’s first non-associated gas project. The documents were filed with the Environmental Protection Agency, according to a public notice. Exxon’s consultant Acorn International conducted the assessment. Members of the... Continue Reading →
Deepwater to remain a core growth engine as Brazil and Guyana underpin production growth
March 16 (oilnow.gy) Deepwater oil and gas development will remain a major driver of global supply, with Brazil and Guyana expected to underpin production growth, according to discussions at a recent Deepwater Development Conference in Lisbon, Portugal. The conference, organized by World Oil and Gulf Energy Information, opened on March 10 with an operator panel,... Continue Reading →
Petrobras informs about the monetary update of shareholder remuneration related to 3Q25
March 16, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact published on 11/06/2025 and the Communication published on 12/11/2025, informs that it will pay on 03/20/2026 the second installment of shareholder remuneration referring to the anticipation of compensation related to the 2025 fiscal year, declared in accordance with the balance... Continue Reading →
Argentina says US Justice Dept backs bid to halt discovery in YPF nationalization case
March 14 (Reuters) - The U.S. Justice Department has filed a memorandum supporting Argentina's bid to suspend a discovery process in a New York court case tied to the 2012 nationalization of state oil company YPF, Argentina's Treasury Attorney's Office said on Saturday. The filing, submitted to the Southern District Court of New York, argues the current... Continue Reading →
Colombia says Venezuela’s PDVSA plans to end pipeline contract with Ecopetrol
March 14 (Reuters) - Colombia's Energy Minister Edwin Palma said Venezuela's state oil company PDVSA intends to end a contract with Colombia's Ecopetrol over the Antonio Ricaurte pipeline, saying there was insufficient investment to repair it. In a post on X on Saturday, Palma said the government plans to meet with the U.S. government on... Continue Reading →
With the wind at its back, Vineyard Wind crosses the finish line
March14 (newbedfordlight.org) A crew of Americans and Europeans, assisted by a heavy lift crane and high-tech bolting tools, hoisted and secured the 186th and final blade at Vineyard Wind on Friday, closing the lengthy chapter on the project installation, and cementing the “Forever First” project as the second but now largest commercial-scale offshore wind farm... Continue Reading →
Revolution Wind Starts Delivering Power
March 14 (offshoreWIND.biz) Revolution Wind has begun delivering electricity to the New England grid, Ørsted, which owns the US offshore wind farm together with Skyborn Renewables, said on 14 March. The offshore wind farm comprises 65 Siemens Gamesa SG 11.0-200 DD wind turbines and powers Rhode Island and Connecticut. Once fully commissioned, the 704 MW... Continue Reading →
Petrobras announces adherence to the economic subvention for diesel oil commercialization
March 12, 2026 – Petróleo Brasileiro S.A. – Petrobras announces that its Board of Directors, at a meeting held today, approved the company’s adherence to the economic subvention for the commercialization of road diesel oil in Brazil’s national territory, established by Provisional Measure (MP) No. 1,340, dated March 12, 2026. Given the optional nature of... Continue Reading →
Seadrill Appoints New CEO
March 15 (OE) Offshore drilling contractor Seadrill has appointed Samir Ali as its new chief executive officer (CEO). Effective immediately, Samir Ali will step up from its Executive Vice President, Chief Commercial Officer (CCO) position to its new role, succeeding Simon Johnson. Ali has served as Executive Vice President, Chief Commercial Officer of the company... Continue Reading →