Brought to you by Quest Offshore & Southern Cone Consultants
(offshoreWIND.biz) RWE and TotalEnergies have entered into an agreement under which TotalEnergies will acquire a 50 per cent stake in RWE’s OranjeWind offshore wind farm in the Netherlands. TotalEnergies said it would use its share of the electricity from the 795 MW OranjeWind to produce green hydrogen. The new partners have now also taken the... Continue Reading →
(Reuters) French oil major TotalEnergies reported a 6% fall in second-quarter earnings on Thursday, worse than analysts expected, hurt by lower refined product and gas sales and as European refining margins tumbled. Adjusted net income for the three months to June 30 was $4.7 billion, down from $4.96 billion a year earlier and $5.1 billion... Continue Reading →
(offshoreWind.biz) The California Public Utilities Commission (CPUC) has issued a proposed decision that could see the US state running three offshore wind solicitations to procure up to 7.6 GW of installed capacity. The first projects under the proposed procurement timeline would be in operation by 1 June 2035. The proposed decision, issued on 19 July,... Continue Reading →
(Reuters) Venezuela on Wednesday granted a 20-year license to British energy producer BP and state-owned National Gas Company of Trinidad and Tobago (NGC) to develop the Venezuelan side of a natural gas field that extends into the Caribbean country's waters. Venezuela, whose gas reserves are mostly untapped, has in recent years expanded offers for offshore... Continue Reading →
(InfoMoney) Neoenergia (NEOE3) reported an increase in net profit for the second quarter of 2024, recording R$815 million, a growth of 12% compared to the same period of the previous year. The company attributes this result to cost control and optimization of operations. The company's adjusted Ebitda (Earnings before interest, taxes, depreciation and amortization) also... Continue Reading →
(Raphaël Poquet, Trelleborg Oil & Marine product manager) With a surge in the need for energy to meet global demand, the order book for Floating Production Storage and Offloading (FPSO) vessels is climbing. This trend can be seen in the global expansion of new, often remote, and challenging regions. As a result, the need for... Continue Reading →
(PN) Petrobras intends to save up to US$100 million annually by partially automating its fleet of drilling rigs by 2030. The objective is to reduce the average drilling time of offshore wells, bringing financial, safety and environmental benefits. By optimizing the use of rigs in well drilling, automation could reduce, after 2030, around 30 thousand... Continue Reading →
(Offshore-energy.biz) Dutch FPSO operator SBM Offshore has officially named a floating production, storage, and offloading (FPSO) vessel destined to work at a giant field off the coast of Brazil for the country’s state-owned energy heavyweight, Petrobras. After obtaining a binding letter of intent (LoI) in February 2021, SBM Offshore inked contracts with Petrobras for the 26.25-year lease and operation of... Continue Reading →
(OE) Oilfield services firm Archer has been awarded a two-year contract for platform drilling services for Equinor in Brazil. The contract will commence in November 2024 in direct continuation of Archer’s current contract for drilling operations and maintenance on Equinor’s Peregrino A & B platforms and includes an optional two-year extension period. The estimated firm... Continue Reading →
(Reuters) Britain’s Crown Estate, which manages King Charles' public property, posted a record profit for 2023/24 of 1.1 billion pounds ($1.42 billion), boosted by income from offshore wind leases, its results showed on Wednesday. The Crown Estate, which comprises tracts of land and most of Britain’s sea bed, is an independently run, commercial business, whose... Continue Reading →
Brazil Energy Insight 