Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Rating agency Moody's on Wednesday downgraded Colombian majority state-owned energy company Ecopetrol into junk territory, citing increased indebtedness, a boost in dividends and an ambitious investment plan over the next three years. Moody's cut Ecopetrol's long-term issuer rating and senior unsecured ratings to Ba1, considered "junk," from Baa3. Ecopetrol has been taking on... Continue Reading →
(OE) MODEC and Toyo Construction have jointly secured an approval in principle (AiP) from ClassNK for floating structure and tether system with tether pile foundation for tension leg platform (TLP)-type floating offshore wind turbine. The acquisition of AiP was one of the tasks of the Japanese national research and development agency NEDO’s Green Innovation Fund... Continue Reading →
(OE) Classification society DNV said it is set to publish its new set of rules and standards for the offshore industry. The new rules, which cover several segments, including underwater systems and installations, offshore units, diving systems, structural design, and drilling systems, will be published in July and enter into force on January 1, 2025.... Continue Reading →
Brazil Energy Insight 