Brought to you by Quest Offshore & Southern Cone Consultants
Australia-based Woodside Energy's all-stock merger with BHP's oil and gas business was completed Wednesday. Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP, which BHP has distributed to its eligible shareholders. "BHP has paid the in specie dividend and distributed Woodside shares... Continue Reading →
Energy industry expert and assurance firm DNV has partnered up with 25 industry giants in a Joint Industry Project (JIP) aimed at enhancing technology development for floating offshore wind substations, with particular attention to how export cables and topside equipment tolerate movements of a floating substructure. The objective is to align industry best-practice allowing for... Continue Reading →
Colombian energy producer Ecopetrol ECO.CN aims to boost its oil and gas output by just over 40% to around 1 million barrels of oil equivalent per day (boepd) in 2030 and plans to start a pilot carbon capture storage (CCS) project, a senior company executive said. The projects are part of Ecopetrol's plan to ramp... Continue Reading →
Italian energy services company Saipem, Norwegian subsea services firm Havfram, and HVAS Invest Kappa AS (a company controlled by HitecVision) have signed a non-binding agreement to evaluate a potential collaboration in the development and construction of offshore wind farms. "The parties share the common objective to create a wider value proposition by integrating a range... Continue Reading →
AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad, has brought in the third and final Suezmax second-generation dynamic positioning (DP2) shuttle tanker, purpose-built for a long-term charter with Shell in Brazil. AET informed on Friday that it took delivery of Eagle Colombo, its latest second-generation DPST, from Hyundai Heavy Industries (HHI) on... Continue Reading →
(Reuters) The Biden administration on Thursday proposed auctioning five areas off the coast of California for offshore wind development, a critical milestone in expanding the nascent U.S. industry to Pacific waters. It is the latest in a government effort to put wind turbines along every U.S. coastline, with a goal of generating 30 gigawatts of... Continue Reading →
(Reuters) Chile state development office Corfo signed agreements with three companies on Thursday to fund industrial green hydrogen production, which it says could double current production worldwide. The move would boost economic development and help with energy transition and meeting the challenge of decarbonization, Corfo's executive vice president Jose Miguel Benavente said in a statement.... Continue Reading →
Amid ever-increasing calls to phase out fossil fuels and pivot toward clean energy sources, oil and gas exploration activities remained resilient in 2021 undeterred by the accelerating energy transition, reveals Westwood Global Energy, an energy market research and consultancy firm, in its latest report. Westwood informed on Thursday within its latest analysis that high-impact oil... Continue Reading →
(Reuters) - Shareholders of Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) on Wednesday voted in favor of the energy transition strategies proposed by the two largest U.S. oil producers, following similar support of European oil firms' climate plans. Major oil producers this year flipped the script and won over investors with recent steps to minimize carbon emissions and... Continue Reading →
(Reuters) - TotalEnergies (TTEF.PA) said on Wednesday it has agreed to buy 50% of Clearway Energy Group, the fifth-largest renewables company in the United States, marking the French group's largest U.S renewables energy acquisition. TotalEnergies has been branching out into the fast-growing renewables energy sector and diversifying away from hydrocarbon-centred activities in recent years. The company said... Continue Reading →
Brazil Energy Insight 