SLB picks up job with Petrobras for up to 35 wells in Brazilian waters

U.S.-headquartered technology player SLB has secured a multi-well ultra-deepwater assignment off the coast of Brazil, which will enable the country’s state-owned energy giant Petrobras to scale up its oil and gas production and overall performance. The post SLB picks up job with Petrobras for up to 35 wells in Brazilian waters appeared first on Offshore …

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Operator taking steps to close funding gap ahead of oil project’s FID as partner ups its stake

Finder Energy, a Perth-based oil and gas exploration player, is taking steps to secure remaining funds for a final investment decision (FID), which will enable it to develop two oilfields off the coast of Timor-Leste. To this end, the firm has agreed to enable its partner to boost its interest in the project. The post …

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LONGi to provide equipment for green hydrogen project in Namibia

LONGi Hydrogen has signed an equipment supply agreement with an undisclosed customer to provide one set of LONGi ALK Hi1 electrolyzer and its Balance of Plant (BoP) for a green hydrogen project in Namibia. The post LONGi to provide equipment for green hydrogen project in Namibia appeared first on Offshore Energy.

Indonesia’s Pertamina International Shipping readies to capture CCS/CCUS sweet spot

Indonesian state-owned company PT Pertamina International Shipping (PIS) has unveiled its latest strategy to seize opportunities in international carbon shipping, signaling its readiness to support the development of the carbon capture and storage/carbon capture utilization and storage (CCS/CCUS) sector. The post Indonesia’s Pertamina International Shipping readies to capture CCS/CCUS sweet spot appeared first on Offshore …

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Baltic Index Hits Near Two-Month High On Capesize, Panamax Strength

The Baltic Exchange’s dry bulk sea freight index, which monitors rates for vessels moving dry bulk commodities, rose to a nearly two-month high on Wednesday, driven by increased prices across capesize and panamax vessel segments. The main index, which factors in rates for capesize, panamax and supramax shipping vessels, rose by 40 points to 2,240 …

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Stormy seas for global shipping: UNCTAD warns of uncertainty, volatility and rising costs

Global shipping, moving over 80% of the world’s merchandise trade, is entering a period of fragile growth, rising costs and mounting uncertainty, according to The Review of Maritime Transport 2025: Staying the course in turbulent waters, released by UN Trade and Development (UNCTAD) on 24 September. After firm growth last year, seaborne trade is expected …

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Asian fuel suppliers eye US West Coast market amid California refinery closures

With two California refineries set to close in the coming months, major Asian oil product suppliers, including South Korean refiners and trading houses operating in Singapore, are keen to explore gasoline and jet fuel export opportunities to the US West Coast. However, the Trump administration’s international trade, tariff and diplomatic policies pose risks to making …

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