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(Reuters) - U.S. oil and gas producer Hess Corp (HES.N) reported a quarterly profit which topped Wall Street's estimates on Wednesday, on the back of higher crude prices amid tighter energy supplies following Russia's invasion of Ukraine. Oil prices have pulled back but were still trading at eight-year highs amid Western sanctions against major exporter Russia and... Continue Reading →
DeepOcean has signed a charter agreement with shipowner Simon Møkster Shipping for the Stril Server multi-purpose support vessel (MPSV), set to be deployed in the renewables and oil & gas markets. Under the two-year agreement, Stril Server will provide subsea inspection, maintenance, and repair (IMR), light construction and recycling services to DeepOcean’s customers in the... Continue Reading →
Offshore wind service provider SeaRenergy said Wednesday it had secured a contract for offshore infrastructure services from Siemens Energy. The scope of work comprises integrated onshore and offshore logistics services executed during the commissioning of DolWin6 converter platform in the German Bight. DolWin6 is TenneT's 13th offshore grid connection system in the German North Sea... Continue Reading →
lenergy Co Ltd, a Korean renewable energy development firm, has hired DNV as the owner's engineer for its 1.5 GW fixed-bottom Chujin offshore wind project. The Chujin offshore wind farm will be the largest commercial-scale offshore wind farm in South Korea, when completed in 2027. As the owner’s engineer, DNV will drive the pre-Front End... Continue Reading →
(Reuters) - General Electric Co (GE.N) on Tuesday trimmed its full-year profit forecast after reporting a decline in third-quarter earnings, primarily due to higher warranty and related reserves at its renewable energy business. The company, however, reported much higher-than-expected free cash flow. Its quarterly revenue also topped Wall Street's estimates. GE's shares were down about 1.8% at... Continue Reading →
(epbr) The negotiations had been going on since April. The operation should exceed R$ 3 billion, according to sources. -- In 15 years of existence, Casa dos Ventos was responsible for developing one third of all wind projects in Brazil. -- TotalEnergies is one of the world's largest publicly traded oil and gas producers. In... Continue Reading →
Renewable energy technology company Marine Power Systems has partnered up with floating wind farm developer Simply Blue Group to develop a project proposal for the Innovation and Targeted Oil and Gas (INTOG) leasing round run by Crown Estate Scotland. Innovation and Targeted Oil and Gas Decarbonisation (INTOG) seabed leasing round will allow developers to apply for... Continue Reading →
The installation work on the export cable for Vineyard Wind 1, the first commercial-scale offshore wind farm in the U.S., has now begun with Prysmian’s cable laying vessel (CLV) Cable Enterprise set to start installing the offshore part of the project’s link to the grid on land after a pre-lay grapnel run. According to the AIS data... Continue Reading →
(Reuters) Denmark's Ørsted and Copenhagen Infrastructure Partners (CIP) have teamed up to develop 5.2 gigawatts (GW) of offshore wind in Denmark, corresponding to more than double the country's current installed capacity, the two companies said on Tuesday. The total of four projects will be developed through the so-called open-door procedure where the developers takes initiative... Continue Reading →
(OED)German oil and gas company Wintershall Dea has agreed to acquire a 37% non-operated participating interest in the Hokchi Block, offshore Mexico, from Hokchi Energy, a subsidiary of Pan American Energy. Wintershall Dea will have an option to increase its stake in the offshore block to 40% at a later stage. Through this acquisition, Wintershall... Continue Reading →
Brazil Energy Insight 