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(OE) Masdar, the UAE’s clean energy powerhouse, has acquired a 49% stake in the UK Dogger Bank South (DBS) offshore wind projects as part of the agreement with RWE. The partners will now jointly forge ahead with the delivery of these flagship projects. RWE, with a 51% stake, will lead development, construction and operation throughout... Continue Reading →
(Offahore-energy.biz) The shifting sands of time are bringing winds of change to the global energy landscape in a bid to make it more sustainable, so that, the climate change woes can be tackled before time runs out. This has spurred decarbonization over the years, imbuing it with greater vigor. However, these efforts are not yet... Continue Reading →
(Offshore-energy.biz) Fugro has reported revenue of €2.2 billion for 2023, a 27.5% growth from €1.7 billion in 2022, said to be driven by high client demand in energy markets. For the full year of 2023, Fugro reported it had realized revenue growth on a currency-comparable basis by capturing high client demand in the offshore wind... Continue Reading →
ExxonMobil's surprise challenge to Chevron's acquisition of Hess through a dispute over a stake in a major Guyana oil field could prove fruitful for the U.S. oil giant, even if it does not end up enlarging its holdings in the South American country. Exxon said on Monday it may exercise pre-emptive rights that could block Chevron... Continue Reading →
(Reuters) Exxon Mobil Corp said on Monday it may preempt Chevron Corp's acquisition of a 30% stake in a giant Guyana oil block, the centerpiece of its deal for Hess Corp. The companies are in talks on Exxon's claim it has a right to first refusal of any sale of the Stabroek block, a giant field off the coast... Continue Reading →
Today Hexicon AB (publ.) signed a Sales and Purchase Agreement (SPA) to take full ownershipof MunmuBaram Co., Ltd. from its joint venture partner Shell Overseas Investments B.V. Underthe agreement, Hexicon AB will increase its stake in the project from 20 % to 100 %, increasingthe project portfolio by 900 MW. Completion of the transaction is... Continue Reading →
(Reuters) - Mexican tycoon Carlos Slim is interested in increasing his investments in the oil sector, including in U.S.-based Talos Energy's (TALO.N), opens new tab projects, after the billionaire businessman bought a stake last year in a major offshore project discovered by Talos. Speaking at a press conference, Mexico's richest person signaled he would like to grow... Continue Reading →
(Reuters) - Exxon Mobil (XOM.N), opens new tab on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production. Oil majors are expected to report 2023 profits down by about a third from record levels in 2022, as oil and gas prices retreated from the peaks that followed... Continue Reading →
(Reuters) - Chevron Corp (CVX.N), opens new tab on Friday beat analysts' earnings estimates and increased dividends on higher oil and gas production, after a year of sharply lower profits on missteps and charges. Shares in the pre-trading market rose a fraction after the company beat analysts' consensus forecast by 24 cents with adjusted earnings of $3.45... Continue Reading →
Sapura, a leading Brazilian provider of subsea services, has recently acquired eight units of Exail Rovins Nano Inertial Navigation Systems (INS). Integrated into Sapura's fleet of remotely operated vehicles (ROV), Exail INS are intended to significantly enhance Sapura’s ROVs capabilities in offshore installation of subsea equipment. Ensuring highly accurate navigation down to 6000 meters, Rovins... Continue Reading →
