Brazil’s Petrobras is likely to postpone awarding up to four drillship contracts for its giant Buzios field until 2026, as the operator reassesses reservoir data and contractors revise bids amid a soft offshore rig market and emerging global oil glut.
DOI settlement redirects $765 million from offshore wind to gas, geothermal projects
The Department of the Interior has reached an agreement with Invenergy to terminate four offshore...
