SBM Offshore signed a 10-year Operations and Maintenance Enabling Agreement for its Guyana FPSO fleet with ExxonMobil Guyana

SBM Offshore is pleased to announce it has signed a 10-year Operations and Maintenance Enabling Agreement with Esso Exploration & Production Guyana Ltd (aka “ExxonMobil Guyana”) for the Operations and Maintenance of FPSOs Liza Destiny, Liza Unity, Prosperity and ONE GUYANA. This framework agreement establishes the new terms related to the operations of the Guyana... Continue Reading →

May 2, 2023 0

Exxon Mobil Approves $12.7B Uaru Offshore Oil Project in Guyana

(Reuters) Exxon Mobil Corp and its partners have approved a $12.7 billion investment for their fifth and most expensive offshore oil project in Guyana, the U.S. firm said in a statement. The project called Uaru will produce up to 250,000 barrels of oil and gas per day and cost 27% more than the prior of equivalent size,... Continue Reading →

April 28, 2023 0

Eni Q1 Net Profit Beats Expectations on Strong Gas Business

Italian energy group Eni said on Friday its first-quarter net profit fell 11% year on year on lower oil and gas prices compared with the first three months of 2022, when Russia's invasion of Ukraine sent energy prices soaring. Adjusted net profit for the period came in at 2.91 billion euros ($3.2 billion), down from... Continue Reading →

April 28, 2023 0

Bidders Jostle for Stake in Iberdrola’s Baltic Eagle Offshore Wind Farm

Three firms are vying to buy a minority stake of up to 49% in Iberdrola's "Baltic Eagle" offshore wind farm off the German coast, newspaper Expansion reported on Friday, citing unidentified market sources. The top candidates for the transaction valued at around 700 million euros ($769 million) are Abu Dhabi's Masdar, Swiss fund EIP and... Continue Reading →

April 28, 2023 0

Chevron tops estimates with Q1 profit gain despite slide in oil prices

(Reuters) - Oil major Chevron Corp (CVX.N) beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for slides in energy prices as well as oil and gas production. Net profit climbed 5% to $6.57 billion or $3.46 per share. Results beat consensus by 4%, according to Refinitiv data.... Continue Reading →

April 28, 2023 0

BASF Eyes Sale of Wintershall Dea, IPO Preferred Option

(Reuters) German chemicals group BASF on Thursday said it was working to exit energy business Wintershall Dea, with a stock market listing remaining the preferred option. CEO Martin Brudermueller also flagged a possible sale of the oil and gas producer to investors. "The exit will not take place immediately," Brudermueller said in a speech to... Continue Reading →

April 27, 2023 0

Ocean Winds Reaches FID on French Offshore Wind Project

Offshore wind developer Ocean Winds on Thursday announced the Final Investment Decision for the Dieppe Le Tréport offshore wind farm in France. The project of around 500 MW in France represents a total investment of €2.7 billion, said the company, which is a 50-50 joint venture in 2020 by EDP Renewables and ENGIE. Earlier in April 2023,... Continue Reading →

April 27, 2023 0

ABB Provide Electrical System Automation for Petrobras’ P-82 FPSO

(OE) Singapore's Sembcorp Marine has ordered from ABB the complete electrical system automation for the P-82 FPSO Sembcorp Marine is building for the Brazilian oil company Petrobras. The P-82 FPSO, ordered by Petrobras in October 2022, will be one of the largest vessels to be deployed in the Búzios field, an ultra-deepwater oil and gas field... Continue Reading →

April 27, 2023 0

Marine Power Systems to Deploy Its Floating Wind Platform at PLOCAN

(OW) Marine Power Systems (MPS) have joined forces with Plataforma Oceánica de Canarias (PLOCAN) to deploy their floating offshore wind platform, PelaFlex, at an expected grid-connected test site on the southeast coast of Gran Canaria. PLOCAN will work with MPS regarding a pre-consented and grid-connected site for the testing of their technology and the associated... Continue Reading →

April 27, 2023 0

BlueFloat Energy, Greenvolt to Jointly Tackle Offshore Wind Projects in Portugal

(OW) Spain-headquartered BlueFloat Energy and Greenvolt have joined forces to develop offshore wind projects in Portugal. According to the partners, Portugal holds great potential for offshore wind, which is now recognised by the national policymakers who seek to unlock the potential of this technology to deliver on the country’s decarbonisation targets. Portugal has recently identified... Continue Reading →

April 27, 2023 0

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Category: Energy

SBM Offshore signed a 10-year Operations and Maintenance Enabling Agreement for its Guyana FPSO fleet with ExxonMobil Guyana

Exxon Mobil Approves $12.7B Uaru Offshore Oil Project in Guyana

Eni Q1 Net Profit Beats Expectations on Strong Gas Business

Bidders Jostle for Stake in Iberdrola’s Baltic Eagle Offshore Wind Farm

Chevron tops estimates with Q1 profit gain despite slide in oil prices

BASF Eyes Sale of Wintershall Dea, IPO Preferred Option

Ocean Winds Reaches FID on French Offshore Wind Project

ABB Provide Electrical System Automation for Petrobras’ P-82 FPSO

Marine Power Systems to Deploy Its Floating Wind Platform at PLOCAN

BlueFloat Energy, Greenvolt to Jointly Tackle Offshore Wind Projects in Portugal

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