TechnipFMC awarded contract for gas to energy project in Guyana

TechnipFMC has won a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the gas-to-energy project offshore Guyana. Subject to final project sanction, TechnipFMC will provide engineering, procurement, construction and installation (EPCI) of subsea risers and pipelines. The project will connect the production from Liza Destiny and Unity back to shore, delivering associated gas from... Continue Reading →

August 2, 2022 0

Cerulean Winds, Ping Petroleum plan UK floating wind-powered offshore oil rig

(Reuters) - Renewables developer Cerluean Winds and Ping Petroleum UK have signed an agreement to create an offshore oil facility powered by wind energy in Britain, the companies said on Tuesday. Under the agreement, the production unit at Ping Petroleum’s Avalon site in the UK's North Sea will be powered by a floating offshore wind... Continue Reading →

August 2, 2022 0

Petrobras on giving Portugal’s Petrogal access to its gas processing units

- Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/30/2020, informs that the Integrated Processing System (SIP) contract signed with Petrogal Brasil started operating today. The contract provides for Petrogal's access to the gas processing units, owned by Petrobras and located in the states of Rio de Janeiro and São Paulo,... Continue Reading →

August 2, 2022 0

Wind turbine maker Siemens Gamesa makes deeper cuts to profit view

(Reuters) - Wind turbine maker Siemens Gamesa (SGREN.MC) lowered its 2022 profitability expectations even further on Tuesday and said it would remain negative through 2023, citing expensive raw materials, component failures and geopolitical uncertainty. The group cut its full-year core earnings margin forecast to minus 5.5% from minus 4%, including gains from selling its development division. Competition,... Continue Reading →

August 2, 2022 0

BP reports 14-year high profit

(Reuters) - BP's (BP.L) second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins and trading prompted it to boost its dividend and spending on new oil and gas production. The strong performance caps a blowout quarter for the top Western oil and gas companies on the back of soaring energy... Continue Reading →

August 2, 2022 0

Brazil has 54 offshore wind projects in the process of licensing

(Valor) Until the month of April, the Brazilian Institute for the Environment and Renewable Natural Resources (Ibama) received requests for environmental licensing for 54 projects for offshore wind power generation, with a total capacity of 133.3 gigawatts (GW) of power. The total energy to be generated in the projects corresponds to almost 70% of the... Continue Reading →

August 1, 2022 0

Utility Engie prepared for less Russian gas as profits surge

(Reuters) - French utility Engie (ENGIE.PA) said on Friday it was well prepared for a reduction in deliveries of Russian gas, as its first-half profits surged on the back of higher energy prices. Engie added it was working with the Belgian government on possibly extending operations at two nuclear units. Russia's invasion of Ukraine has thrown the... Continue Reading →

July 29, 2022 0

Exxon posts record-breaking second-quarter profit

(Reuters) - Exxon Mobil Corp (XOM.N) on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending. The top U.S. oil producer reported second-quarter net income of $17.9 billion, or $4.21 per share, an almost four-fold increase over the $4.69 billion, or $1.10 per... Continue Reading →

July 29, 2022 0

Energy giants BP and Iberdrola team up to build about 6GW of green hydrogen projects in Europe

(RE) Two of the world’s biggest energy companies have formed a joint venture to build green hydrogen ‘production hubs’ in Spain, Portugal and UK, with an intention to explore opportunities in other geographies. Spain’s Iberdrola — the world’s third-largest power company and a major renewables developer — and BP, the sixth-largest oil company, say they... Continue Reading →

July 28, 2022 0

U.S. climate bill promotes clean energy but ‘does not arbitrarily shut off’ oil and gas

U.S. Senator Joe Manchin and Senate Majority Leader Chuck Schumer on Wednesday announced a decision to add climate provisions to a budget reconciliation legislation that is expected to provide $369 billion in energy and climate investments. The package is said to promote zero and low carbon energy and support domestic production of offshore oil and... Continue Reading →

July 28, 2022 0

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Category: Energy

TechnipFMC awarded contract for gas to energy project in Guyana

Cerulean Winds, Ping Petroleum plan UK floating wind-powered offshore oil rig

Petrobras on giving Portugal’s Petrogal access to its gas processing units

Wind turbine maker Siemens Gamesa makes deeper cuts to profit view

BP reports 14-year high profit

Brazil has 54 offshore wind projects in the process of licensing

Utility Engie prepared for less Russian gas as profits surge

Exxon posts record-breaking second-quarter profit

Energy giants BP and Iberdrola team up to build about 6GW of green hydrogen projects in Europe

U.S. climate bill promotes clean energy but ‘does not arbitrarily shut off’ oil and gas

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