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(OEM) While the current, improved demand for offshore accommodation rigs is mainly driven by a recovery in the oil and gas market, Prosafe believes that the focus on energy transition will contribute to further demand. Prosafe said in its 2Q 2022 report on Friday that the general outlook has improved significantly as the oil price has recovered... Continue Reading →
(OM) bp is winding down its oil and gas exploration business in Mexico, according to a Bloomberg report. The move comes six years after its arrival following the opening of the energy sector to private companies as part of the 2013 energy reform. The subsidiary BP Exploration Mexico will conclude its participation in three exploration... Continue Reading →
In a move to bring new investments into the oil and gas sector and boost production by tapping into Nigeria’s deepwater hydrocarbon potential, the country inked new production sharing contracts (PSCs) for six offshore licences with oil majors. The execution of fully termed agreements for the renegotiated PSCs was revealed on 12 August 2022, less... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on June 1, 2022, informs that, after compliance with all the precedent conditions set forth in the share purchase and sale agreement, the purchase of Edison S.p.A.'s stake (50%) in Ibiritermo S.A. has been completed and the transfer of the Usina Termelétrica Ibirité (UTE... Continue Reading →
- Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award by Corio and TotalEnergies of a FEED contract for a floating wind development in South Korea. The Gray Whale 3 project is a 504MW development located around 60 to 70 kilometres offshore from Ulsan. The basic design contract will be executed in... Continue Reading →
Brandon Ennis, Sandia National Laboratories' offshore wind technical lead, had a radically new idea for offshore wind turbines: instead of a tall, unwieldy tower with blades at the top, he imagined a towerless turbine with blades pulled taut like a bow. This design would allow the massive generator that creates electricity from spinning blades to... Continue Reading →
With passage of the Inflation Reduction Act, which contains US$370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power. Today the U.S. has just two operating offshore wind farms, off of Rhode Island and North Carolina, with a combined generating... Continue Reading →
(Reuters) Dutch dredging and marine services firm Boskalis on Thursday slightly raised its 2022 profit outlook after a half-year earnings beat, as the West seeks to replace Russian gas with other energy sources. The group, which offers marine services and contracting for the oil and gas sector and offshore wind industry, reported core profit (EBITDA) of 292... Continue Reading →
(OE) Oslo-listed marine seismic survey firm Magseis Fairfield has signed a contract with ExxonMobil for a large Ocean Bottom Node (OBN) project offshore Guyana, where ExxonMobil has so far discovered 11 billion barrels of oil. The project is expected to be conducted using our ZXPLR technology and last for a minimum of 14 months. “We... Continue Reading →
The transaction to combine Mainstream Renewable Power and Aker Offshore Wind to form a renewable company with a 27 GW portfolio has closed. The deal was first announced on July 12. Aker Horizons entered into an agreement with Aker Mainstream Renewables, a holding company co-owned by Aker Horizons, Mitsui & Co., Ltd. and Irish minority shareholders,... Continue Reading →
Brazil Energy Insight 