Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) Italian energy services group Saipem on Monday raised its earnings expectations for 2023 and the next few years after beating 2022 targets as its restructuring plan started to bear fruit. The company reported adjusted core earnings of 595 million euros ($631 million) on sales of 9.98 billion euros last year. This compares with the... Continue Reading →
The maritime classification society DNV has, with its partners, launched a joint industry program to establish a monitoring and reporting framework for assessing greenhouse gas (GHG) emissions in the offshore wind installation sector. The partners of the JIP called EMRED, comprise energy companies, ScottishPower Renewables, RWE, Vattenfall, and Orsted, and installation and operation companies, Jan... Continue Reading →
OceanXpress, a crew change joint venture between Damen Shipyards Group and Ampelmann, recently secured a two-year offshore support contract in cooperation with Compagnie Maritime Monégasque (CMM) with Petrobras off the coast of Brazil. The Damen Fast Crew Supplier (FCS) 7011 Aqua Helix, equipped with an Ampelmann S-type system, will transport personnel to and from offshore... Continue Reading →
(Reuters) Trinidad and Tobago next month expects to formally begin negotiations with Venezuela on a promising offshore natural gas project, the Caribbean nation's energy minister said on Thursday. A deal would help revive the nation's gas production, which contributes a large part of its export revenue and has been in decline. The joint venture could... Continue Reading →
BP and EnBW are collaborating with research and development experts at the UK-based Offshore Renewable Energy (ORE) Catapult to investigate using zero- or low-emission support vessels at offshore wind farms. The two companies are jointly developing three offshore wind projects in two UK locations – ‘Morven’, a potential 2.9GW lease area off the east coast... Continue Reading →
(Reuters) - Renewables investor Octopus Energy Generation plans a rapid increase in investment in offshore wind power after spending $1 billion in less than a year. The firm, part of Octopus Energy Group, said it has raised its stake in the 270 megawatt Lincs offshore wind farm off the east coast of England to 31%... Continue Reading →
(OW) The Governor of Maine’s Energy Office has released the Maine Offshore Wind Roadmap, a stakeholder-driven comprehensive plan that is said to offer detailed strategies for Maine to realize economic, energy, and climate benefits from offshore wind, in conjunction with communities, fisheries, and wildlife of the Gulf of Maine. The Roadmap was developed over 18... Continue Reading →
Petrobras set a record in CO2 capture, use and geological storage (the so-called Carbon Capture, Utilization and Storage - CCUS) in 2022, reaching the mark of 10.6 million reinjected tons (equivalent to 5.8 billion m³ of CO2 ). For comparison purposes, this portion corresponds to 27% by volume of the total gas reinjected in our... Continue Reading →
The U.S. Bureau of Ocean Energy Management (BOEM) said Friday that it would hold an oil and gas lease sale in the Gulf of Mexico in March 2023. The Gulf of Mexico Oil and Gas Lease Sale 259 will offer approximately 13,600 blocks on 73.3 million acres in the Western, Central, and Eastern Planning Areas on... Continue Reading →
(epbr) Seacrest Petróleo, an independent oil company focused on mature fields in Brazil, raised US$ 260 million with the IPO, on the Oslo Stock Exchange, in Norway. With cash strengthened by the share offering, the company plans to triple its oil and gas production in the Espírito Santo Basin by 2025. In recent years, the... Continue Reading →
Brazil Energy Insight 