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Singaporean conglomerate Keppel Corp on Thursday reported a first-half profit that rose 66%, helped by higher earnings across most of its main businesses and a rebound at its offshore & marine (O&M) unit. Keppel, which traces its roots to a small ship repair yard corporatized in 1968, has seen its renewable energy and asset management... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, informs that it approved today the execution, with the National Agency of Petroleum, Natural Gas and Biofuels (ANP), of a Conduct Adjustment Agreement (TAC) for compensation of local content fines related to 22 concessions in which Petrobras has 100% working interest, located in the Barreirinhas, Campos, Espírito Santo, Parecis, Potiguar,... Continue Reading →
(OEM) Italian oil and gas company Eni has drilled and tested an exploration well in waters offshore Ivory Coast (Côte d’Ivoire), delivering a 25 per cent increase to the field’s reserves. Eni revealed on Thursday it has successfully drilled the Baleine East 1X well, the first exploration well in block CI-802 and the second discovery on... Continue Reading →
(OE) In our first article we highlighted some of the key contractual considerations facing shipowners looking to construct and charter offshore wind vessels. In this article we explore some of the considerations concerning the financing and bankability of offshore wind vessels. We have seen a diverse group of financiers interested in financing vessels in the offshore wind... Continue Reading →
(Reuters) New York is seeking renewable energy to power at least 1.5 million New York homes in its third offshore wind solicitation, Governor Kathy Hochul said on Wednesday, as the state ramps up development of the industry. Administered by the New York State Energy Research and Development Authority, the first phase includes $500 million investment... Continue Reading →
Eni, with its partners in the New Gas Consortium, has taken a final investment decision in Angola's first non-associated gas development project, the development of the Quiluma and Maboqueiro (Q&M) fields. The project includes two offshore wellhead platforms, an onshore gas processing plant and a connection to Angola LNG plant for the marketing of condensates... Continue Reading →
(Reuters) - Spanish energy group Repsol (REP.MC) posted on Thursday a doubling in first-half net profit, boosted by high oil and gas prices, but its share price suffered as investors had wanted more. Rapidly recovering demand after COVID-19 lockdowns propelled energy prices to highs that have been driven to records by Russia's invasion of Ukraine, increasing profits... Continue Reading →
BP has reserved Yinson's Nganhurra floating, production storage and offloading (FPSO) vessel for use on its proposed 10-well subsea Palas, Astrea and Juno oil fields (PAJ Project), on Block 31, offshore Angola. Under an agreement signed between BP and Yinson, Yinson will exclusively allocate FPSO Nganhurra to BP for the PAJ Project until 31 December... Continue Reading →
(Reuters) - Shell (SHEL.L) on Thursday reported a second quarter profit of $11.5 billion, smashing its previous record just three months earlier, lifted by a tripling of refining profits and strong gas trading. The company also announced a share buyback program of $6 billion for the current quarter, but did not raise its dividend of 25 cents... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) posted a surge in second-quarter profits, joining others in its sector that have benefited from higher energy prices, although its shares fell as its stock buyback plans disappointed some analysts and investors. Adjusted net income nearly trebled from a year ago to $9.8 billion, as the company cashed in on a rise in... Continue Reading →
Brazil Energy Insight 