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(oilnow.gy) High impact exploration drilling is expected to remain stable in 2025, with 65-75 wells targeted for completion, compared to 69 in 2024. In this regard, South America could see 17 of these wells being drilled, making it the busiest region globally this year. This is according to energy market research and intelligence group, Westwood... Continue Reading →
(offshoreWIND.biz) Ørsted will reduce the investment programme the company planned to implement by 2030 by around 25 per cent, saying the reduction was in line with its commitment to ensure a capital structure that can support a solid investment grade credit rating. The slimmed-down strategic investment programme will not affect Ørsted’s construction portfolio which totals... Continue Reading →
(Reuters) - The cost of clean energy technologies worldwide, such as wind, solar and battery storage, are expected to fall further this year, a report by BloombergNEF showed on Thursday, despite rising protectionism in the form of tariffs on green energy imports. WHY IT'S IMPORTANT New wind and solar farms already undercut the production costs... Continue Reading →
The global capacity of fully operational offshore wind farms has reached 80.9 GW, according to RenewableUK, whose new report also shows China is leading in total operational capacity, new capacity installed in 2024, as well as in the capacity of the project pipeline. The global operational offshore wind capacity increased by 15 per cent from... Continue Reading →
(offshore-energy.biz) Australia’s oil and gas company Karoon Energy is expected to make up its mind around April 2025 about moving forward with the next stage of development, which represents the entry into front-end engineering design (FEED), for an oil field discovery in the Santos Basin off the coast of Brazil. While Karoon hired a rig... Continue Reading →
(Reuters) - Brazilian oil company Prio has denied being in talks to buy the 60% stake owned by Norway's Equinor in the Peregrino oil field. In a securities filing late on Thursday, the company countered a report by newspaper Folha de S.Paulo published earlier that day that said, citing sources, that there were ongoing talks for the... Continue Reading →
(OE) Kongsberg Maritime has unveiled a range of innovative methods designed to transform and industrialize the transportation and installation (T&I) of floating offshore wind turbines. The new solutions have been developed to streamline the entire process, from anchor and mooring installation through to electrical cable pull-in, ensuring that turbines are ready to be connected to... Continue Reading →
(oilprice) Colombia’s president, Gustavo Petro, has canceled a joint venture between state energy company Ecopetrol and Occidental Petroleum on environmental concerns regarding hydraulic fracturing. Bloomberg reported that Petro had shared his concern on national TV, saying he was against a recent expansion of the deal between Ecopetrol and Oxy because it involved fracking, going counter... Continue Reading →
Subsea7 managed to come out on top and present the best proposal in a Petrobras bidding process for the supply of SURF (subsea umbilicals, risers and flowlines) for the P-83 (Buzios 11) platform vessel. The Norwegian company submitted an offer of R$8.45 billion (US$1.4 billion) in the competition. The Swiss company Allseas came in second... Continue Reading →
(offshore-energy.biz) U.S.-headquartered energy technology giant Baker Hughes has launched an all-electric subsea production system, marking a step towards full electrification in offshore operations. According to Baker Hughes, the system delivers a fully electric topside-to-downhole solution, designed to integrate with existing subsea tree designs or retrofit electro-hydraulic trees. The move aims to slash costs, installation time,... Continue Reading →
Brazil Energy Insight 