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(Reuters) - Opposition proposals to roll back the initial privatizations of Brazilian refineries would run into stiff resistance from their new owners, with sale contracts offering no room for reversal, three people with knowledge of the matter told Reuters. Advisors to leading presidential candidate Luiz Inacio Lula da Silva have floated the idea of buying... Continue Reading →
(OE) Once again, the events of the last month have shown that the impetus to continue to grow the U.S. offshore wind segment has lost little steam. The foundations are firmly in place to support the deployment of 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Attractive federal incentives are... Continue Reading →
(Reuters) - Oil producers in Guyana are boosting exports to European buyers seeking alternatives to Russian crude, according to vessel monitoring data. Government bans on Russian oil since the invasion of Ukraine have spurred demand for alternative crudes, and Guyanese oil fits refiners from Britain to Italy better than rival Latin American grades do. So... Continue Reading →
Floating Wind Solutions is proud to welcome SOFEC as a Gold Level Sponsor & Exhibitor!SOFEC, celebrating 50 years of service as industry leader in Moorings and Fluid Transfer systems, maintains a strong focus on health, safety, integrity, people, and performance, design and delivery of mooring solutions for the global offshore energy industry. SOFEC has more than 10... Continue Reading →
(WO) Guyana has some of the world's biggest offshore discoveries made in years, with 10 billion barrels of recoverable oil and gas starting to come online since 2019. These offshore reserves are being extracted using floating production, storage and offloading (FPSO) vessels, which are connected to well-heads on the seabed. Sulzer has delivered 11 high... Continue Reading →
(WO) From Saudi Arabia to West Texas, drillers are pumping more oil to cash in on a scorching price rally. But a region that’s home to a fifth of the world’s crude reserves is mostly missing out. All over Latin America, the upside of $100 crude has been blunted by nationalist policies that tightened government control of... Continue Reading →
(Reuters) - Top oilfield services company Schlumberger (SLB.N) on Wednesday said North American oil and gas activity was growing at a faster pace than expected, as customers have largely shrugged off concerns about a looming recession. Oil and gas producer customers were more concerned with securing equipment and operational performance than a sudden drop in oil prices... Continue Reading →
(Reuters) - Spanish energy group Repsol (REP.MC) is selling a 25% stake in its oil and gas exploration division to U.S. fund EIG for $4.8 billion, building up a warchest for renewables projects as the energy industry moves to a lower-carbon future. The deal, first reported by Reuters earlier this year, values the whole business at $19... Continue Reading →
Offshore drilling contractor Maersk Drilling has secured a contract extension with Shell, a UK-headquartered energy giant, for a 7th generation drillship, enabling it to carry out drilling services offshore Mexico once it completes its current assignment with this oil major. The rig owner revealed on Thursday that Shell has exercised an option to extend the... Continue Reading →
Denmark's Maersk Supply Service and renewable energy pioneer Stiesdal Offshore have entered into a strategic partnership to offer combined solutions to this fast-growing sector within floating offshore wind. The companies say they intend to combine their respective strengths to meet the significant expansion predicted for floating wind. Specifically, they will offer comprehensive and integrated engineering,... Continue Reading →
Brazil Energy Insight 