Brazil’s latest oil auction signaled a revival in offshore exploration, with Petrobras, Equinor, and Chinese firms among the winners. The pre-salt round saw five of seven blocks awarded, underscoring renewed deepwater interest despite soft crude prices and cautious global spending.
bp to exit U.S. offshore wind market as Trump administration tightens oversight
bp and Japan’s JERA are winding down their U.S. offshore wind joint venture, JERA Nex bp, citing...
