Brought to you by Quest Offshore & Southern Cone Consultants
Fugro has reported a revenue of €1.76 billion for the whole year of 2022, representing a 14.8 per cent growth in comparison to 2021, said to be due to a 42 per cent increase in offshore wind. Infrastructure and oil & gas were also up, with 7 per cent and 9 per cent respectively. Marine... Continue Reading →
(Reuters) - Italian energy group Eni (ENI.MI) said on Thursday its adjusted net profit rose to 13.3 billion euros ($14.12 billion) in 2022, the largest in over a decade, but its shares fell as markets focused on a weaker exploration and production performance in Q4. The state-controlled group's 2022 performance was boosted by a heightened focus on... Continue Reading →
Oil and gas producer Wintershall Dea swung to a loss last year, hit by significant impairments and losses related to Russia's war in Ukraine, it said on Thursday. Wintershall reported a group net loss of 4.8 billion euros ($5.1 billion), including 7 billion euros in one-off, non-cash losses related to its Russian upstream and associated midstream... Continue Reading →
(Reuters) - European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbines plants, sources familiar with the situation said, as the country gears up to exploit its large untapped potential in offshore wind. The Southeast Asian country is seen as a potential major player in the sector because of... Continue Reading →
(OED) French energy major TotalEnergies, in partnership with Simply Blue Group, has secured a marine license for the 100MW Erebus project, Wales' first planned floating wind farm. The project is owned by Blue Gem Wind, the joint venture between TotalEnergies and Simply Blue Group. Erebus is located approx 40km off the Pembrokeshire coastline and is planned to... Continue Reading →
Dutch General and Military Intelligence and Security Services (AVID and MVID) have sent a letter to the government together with an update on the latest insights into activities being covertly conducted by Russia, including those that are potentially being carried out in preparation for sabotage of the Dutch energy infrastructure in the North Sea. On... Continue Reading →
(Reuters) - Spain's biggest utility Iberdrola (IBE.MC) expects its net profit to increase by 8% to 10% this year from 2022, it said on Wednesday, discounting the country's windfall tax that would cut the growth rate to the mid-single-digit. Following Russia's invasion of Ukraine a year ago, energy markets in Europe hit record highs, adding to economic... Continue Reading →
Chinese subsea cable manufacturer ZTT Submarine Cable & System has secured a cable design and supply contract with Hokchi Energy, the Mexican subsidiary of Pan American Energy, for a field located in the Gulf of Mexico. The contract covers the design, supply, delivery, and testing of 33.3 kilometers of submarine power cable and spares for the Hokchi... Continue Reading →
(OE) French oil major TotalEnergies is set to embark on a multi-well appraisal and exploration program offshore Nambia, where it made one of the world's largest oil discoveries in 2022, by drilling the Venus-1x well. According to Impact Oil & Gas Limited, one of TotalEnergies' partners in the offshore acreage in Nambia, the drilling will... Continue Reading →
Brazilian oil and gas player Enauta has revealed that a floating, production, storage and offloading (FPSO) vessel, which is carrying out operations on a field offshore Brazil, has embarked on preventive maintenance activities. Enauta disclosed on Wednesday, 22 February 2023, that the water-cooling system of the FPSO Petrojarl I entered preventive maintenance and the maintenance interruption should... Continue Reading →
