TGS and Petrobras launch advanced imaging centers in Brazil to boost offshore energy exploration

(offshore-energy.biz) Norway-based energy data and intelligence company TGS has launched advanced imaging centers in collaboration with Brazilian state-owned energy giant Petrobras to improve subsurface data interpretation for the Campos and Santos basins offshore Brazil. TGS noted that these centers, based at Petrobras’ Rio de Janeiro offices, will focus on ocean bottom nodes (OBNs) and 4D... Continue Reading →

January 23, 2025 0

Brazil’s first power auction for batteries could lead to $450 million in investments

(Reuters) - Brazil's first-ever auction to add batteries and storage systems to its national power grid, scheduled for later this year, is seen generating $450 million in investments, according to an estimate by consultancy firm Oliver Wyman. WHY IT'S IMPORTANT The batteries would be able to store energy from wind and solar power, renewable sources... Continue Reading →

January 23, 2025 0

Trump’s climate withdrawal creates rare discord with Big Oil

(Reuters) - U.S. oil and gas producers are thrilled that President Donald Trump wants to encourage domestic energy development but say his decision to withdraw the United States from international climate cooperation will not help their investment plans in the global transition to cleaner energy. The position reflects a rare note of discord between Trump and Big Oil, one... Continue Reading →

January 22, 2025 0

GE Vernova posts rise in quarterly profit but misses revenue estimates

(Reuters) - GE Vernova on Wednesday reported a rise in fourth-quarter profit, helped by strong performance in its grid equipment and services segment, but missed its revenue estimates. The U.S. government has awarded grants and loans worth billions of dollars to utilities to strengthen their grids, benefiting grid equipment firms such as GE Vernova, after... Continue Reading →

January 22, 2025 0

Halliburton warns of softer North America activity even as quarterly profit beats

(Reuters) - Halliburton on Wednesday warned of softer activity in North America this year even as the oilfield giant beat analysts' estimates for fourth-quarter profit helped by higher demand for drilling and pressure pumping services in the North Sea and Asia. The tepid outlook echoed that of rival Schlumberger, who flagged a flat 2025 revenue as... Continue Reading →

January 22, 2025 0

Petrobras announces extension of FPSO Cidade de Angra dos Reis production in the Tupi field

Petróleo Brasileiro S.A. – Petrobras announces that, on behalf of the Tupi field consortium, the company has signed amendments to the Charter and Service Agreements for the FPSO Cidade de Angra dos Reis (located in the Tupi field) with Tupi Pilot MV 22 B.V. and Modec Serviços de Petróleo do Brasil Ltda., extending the charter... Continue Reading →

January 22, 2025 0

Azevedo & Travassos signs a R$298 million contract with Petrobras

(PN) Azevedo & Travassos announced the signing of a service provision contract with Petrobras through its wholly-owned subsidiary Heftos Óleo e Gás Construções S.A. . The scope of the agreement includes the provision of integrated industrial maintenance activities on oil platforms located in the Campos Basin. The contract, signed under a unit price contract regime,... Continue Reading →

January 21, 2025 0

Trump: Second Term, Second Withdrawal from Paris Climate Agreement

(Reuters) President Donald Trump once again withdrew the United States from the Paris climate deal on Monday, removing the world's biggest historic emitter from global efforts to fight climate change for the second time in a decade. The move places the United States alongside Iran, Libya and Yemen as the only countries in the world... Continue Reading →

January 21, 2025 0

CRRC Installs ‘World’s Largest’ Floating Offshore Wind Turbine in China

(offshoreWIND.biz) Chinese state-owned CRRC has installed what the company claims to be the world’s largest floating offshore wind turbine in the Shandong Province. On 11 January, the company installed the 20 MW Qihang floating offshore wind turbine prototype at the Dongying wind power testing and certification innovation base in Shandong. CRRC said this marks an... Continue Reading →

January 20, 2025 1

US Offshore Wind Supply Chain Spans 40 States, Report Says

(offshoreWIND.biz) According to a report released earlier this month, the US offshore wind supply chain spans 40 states as of December 2024, with 1,932 supplier contracts signed for offshore wind and offshore wind-related projects. The report, Offshore Energy at Work, issued by the US offshore renewable energy industry organisation, Oceantic Network on 15 January, shows that... Continue Reading →

January 20, 2025 0

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Month: January 2025

TGS and Petrobras launch advanced imaging centers in Brazil to boost offshore energy exploration

Brazil’s first power auction for batteries could lead to $450 million in investments

Trump’s climate withdrawal creates rare discord with Big Oil

GE Vernova posts rise in quarterly profit but misses revenue estimates

Halliburton warns of softer North America activity even as quarterly profit beats

Petrobras announces extension of FPSO Cidade de Angra dos Reis production in the Tupi field

Azevedo & Travassos signs a R$298 million contract with Petrobras

Trump: Second Term, Second Withdrawal from Paris Climate Agreement

CRRC Installs ‘World’s Largest’ Floating Offshore Wind Turbine in China

US Offshore Wind Supply Chain Spans 40 States, Report Says

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