Brought to you by Quest Offshore & Southern Cone Consultants
Hordaland district court resolved last week to start bankruptcy proceedings in debt-laden Norwegian offshore vessel owner DOF, which will see the company’s share capital lost and no value left to its shareholders. The move follows DOF creditors’ request after its board of directors failed to secure the majority of shareholders to support the latest restructuring plan which... Continue Reading →
(Reuters) - EverWind Fuels, a company founded by private equity veteran Trent Vichie, told Reuters it became the first green hydrogen producer in North America to secure the necessary permits for a commercial-scale facility on Tuesday. Provincial authorities in Canada granted environmental approval for EverWind to begin converting a former oil storage facility and marine... Continue Reading →
(Reuters) - Dominion Energy Inc's (D.N) offshore Virginia wind farm is "on track and on budget," and recently entered a critical phase of the environmental review process for the project, executives of the electric utility told investors on Wednesday. A roughly month-long public comment period on the environmental impact study of the 2.6 gigawatt project, which is... Continue Reading →
(Reuters) The Danish Energy Agency has suspended reviewing existing and new applications to install new wind farms and other renewable energy projects in the country over a potential conflict with European Union law, it said in a statement late on Monday. "The Danish Energy Agency has suspended the processing of offshore wind projects and other... Continue Reading →
(Reuters) - Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia's invasion of Ukraine reshaped global energy markets and, in some cases, the industry's climate ambitions. The profit surge gave the oil companies scope to increase spending on oil and... Continue Reading →
A new chemical process discovered as part of a Vestas-led project removes the need for changing the design or composition of the material used for wind turbine blades to make them recyclable as it allows for epoxy-based blades to be broken down into raw material that can be reused to make new wind turbine blades... Continue Reading →
(PN) Enauta announced that its production throughout the month of January reached the level of 16.1 thousand barrels of oil equivalent per day. The volume represents a drop of 13.9% compared to the month of December, when production was 18.7 thousand barrels of oil equivalent per day. The Atlanta field, the company's main asset, produced... Continue Reading →
Offshore drilling contractor Seadrill has revealed that one of its drillships embarked on its assignment at a field offshore Brazil with the country’s oil and gas giant, Petrobras. Back in December 2021, Petrobras awarded the contract for the West Jupiter drillship to Seadrill for work on the Búzios field offshore Brazil. As it came less than a month after Seadrill was... Continue Reading →
(OE) Heavy Lift Projects Ltd (HLP), a provider of offshore wind farm logistics, said Tuesday it had completed a funding round with private investors and opened its first office in Edinburgh. The company said that Capercaillie (Investments) Ltd and Giles W Pritchard-Gordon & Co Ltd have committed a "multi-million-pound" investment, which will be used to... Continue Reading →
Oil and gas company Trident Energy has completed a saturation diving campaign at Pampo and Enchuva fields offshore Brazil. According to Trident Energy, this is the company’s first saturation diving campaign in Brazil and the second in its history. Trident Energy explained that the main objective was to remove two valves, allowing additional integrity tasks to... Continue Reading →
Brazil Energy Insight 