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The independent operator PetroReconcavo announced the completion of the acquisition of 100% of the shares of Maha Energy Brasil, an exploration and production company headquartered in Rio de Janeiro and with onshore operations in Bahia and Sergipe. The deal involved US$ 138 million and was announced in December last year. With the acquisition, PetroReconcavo now... Continue Reading →
N-Sea Group has finished a series of benthic and geophysical surveys for Llŷr 1 and Llŷr 2 floating offshore wind projects in the Celtic Sea. N-Sea conducted the offshore surveys using its N-Sea Spirit vessel, establishing a baseline ground model which will be developed as the project matures, Floventis Energy said, the developer of the projects. The... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, informs its investors and the market in general that the production at Papa Terra Cluster has been temporarily interrupted, as of 25 February 2023, due to limitations in the energy generation and supply system... Continue Reading →
(Reuters) Italian energy services group Saipem aims to raise about 750 million euros ($796 million) from the partial sale of assets in its drilling business, CEO Alessandro Puliti said on Tuesday, citing shallow water vessels in particular. Saipem, in which energy group Eni and Italian state lender CDP own stakes, has pledged to sell assets... Continue Reading →
(Reuters) - Chevron Corp. (CVX.N) Chief Executive Michael Wirth on Tuesday said a consolidation between the five top Western oil producers remains a possibility but would face regulatory hurdles. Soaring stock prices and cash levels at oil-focused U.S. energy majors has driven Wall Street talk of potential deals for European oil producers. Citi analysts in January speculated... Continue Reading →
RWE and Northland Power have selected wind turbine maker Vestas as the preferred supplier for their up to 1.6-gigawatt (GW) cluster consisting of four offshore wind farm sites in the German North Sea. A minimum of 104 15 MW Vestas offshore wind turbines (Type: V236-15.0 MW) are planned to be installed north of the island... Continue Reading →
(OEM) Australia’s engineering company Worley has partnered with Princeton University’s Andlinger Center for Energy and the Environment to measure the indicators of change in the journey to net-zero by 2050, outlining that countries need to move from years to weeks to develop and build their low-carbon energy infrastructure to meet the net-zero challenge. According to Dr Fatih... Continue Reading →
Latin America is the region with the lowest level of readiness for the energy transition on the planet. The finding is from a new study recently published by Siemens Energy. According to the survey, countries in the region have a considerable expansion of renewable energy, but technologies such as power-to-X (synthetic fuels and green derivatives)... Continue Reading →
Offshore energy clients have been spoiled over the last 7-8 years with all types of vessels being always available at a low price, however, this could quickly change, Solstad Offshore’s CEO Lars Peder Solstad stated as the company had reported its highest-ever quarterly order intake for the fourth quarter of 2022. The fourth quarter of... Continue Reading →
(OE) Dutch marine and offshore services firm Boskalis said Tuesday it had secured a multidisciplinary role in the development of the Moray West offshore wind farm in Scotland. On behalf of its client, Ocean Winds, Boskalis said it would carry out "a large number of the activities" contributing to the development of the offshore wind... Continue Reading →
