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(OET) Australia’s oil and gas company Karoon Energy has completed the drilling of two wells at a field, located in the Santos Basin offshore Brazil. The first oil from this field, which will be developed as a subsea tie-back, is slated for the first quarter of 2022. Karoon hired a rig in April 2021 to perform well... Continue Reading →
Heerema Marine Contractors has recently installed the first of 27 Vestas V174 – 9.5MW turbines at the Arcadis Ost 1 offshore wind farm in the Baltic Sea, offshore Germany, using a floating installation method, for which the parties involved say is unique. Namely, the turbine was installed using Heerema's Thialf semi-submersible crane vessel instead of... Continue Reading →
(OE) German renewable energy firm RWE said Friday it had bought the Irish company Western Power Offshore Developments Ltd, which is in the early stages of developing the East Celtic wind farm project offshore Ireland. The East Celtic wind farm site , which could have a capacity of 900MW, is located around 10 kilometers offshore of Wexford and Waterford in Ireland. "RWE’s adoption of the project as part of... Continue Reading →
As deepwater oil and gas production is set to increase by 60 per cent by the end of the decade, Wood Mackenzie, an energy intelligence group, has outlined in its global upstream report the drivers of deepwater’s rapid growth, along with the challenges and opportunities the sector offers and faces. Wood Mackenzie disclosed last week that... Continue Reading →
(OM) Seadrill has issued an update on is global offshore rig fleet. The benign environment semisub has started a program for Talos Production in the US Gulf of Mexico. West Tellus and the reactivated West Jupiter are both preparing to start contracts for Petrobras offshore Brazil. In the Norwegian sector, the harsh environment semisubs West Elara and West Phoenix are working respectively for... Continue Reading →
(Reuters) Norwegian energy firm Equinor's renewables business faces rising supply chain bottlenecks and strong rivalry for new projects, but will not compromise on its 4-8% investment return target, the head of the unit told Reuters. While still largely an oil and gas producer, state-controlled Equinor is investing heavily in offshore wind, securing permits in Britain,... Continue Reading →
(Reuters) General Electric Co has fended off a patent lawsuit over its Haliade-X turbines brought by Siemens Gamesa Renewable Energy A/S in a London court. Judge Richard Meade of London's High Court on Wednesday said Siemens, which had sued GE claiming that the Haliade-X infringed its European patent related to the use of bearings in... Continue Reading →
(epbr) Independent operators that bought upstream assets in the Petrobras divestment process will invest US$ 10 billion in the projects until 2027, increasing the production of these assets, which should reach a peak of 485 thousand barrels per day in five years. A report released by Wood Mackenzie studied the production projects of the companies... Continue Reading →
(OE) The UK-based Offshore Renewable Energy (ORE) Catapult and the Net Zero Technology Centre said Thursday they'd examine potential pathways for the delivery of innovative floating offshore wind technology integrated with existing energy infrastructure, as part of their five year collaboration under the Energy Transition Alliance banner. According to the partners, the WINTOG program will... Continue Reading →
(Reuters) Brazil' state-controlled oil producer Petrobras on Wednesday disclosed a 15% increase in its five-year spending plan to $78 billion, with little change to the company's strategy of focusing on fossil fuel production. The last Petrobras business approved under President Jair Bolsonaro could be scrapped next year, as a newly elected government that takes office... Continue Reading →
Brazil Energy Insight 