Brought to you by Quest Offshore & Southern Cone Consultants
Oct. 27 (offshoreWIND.biz) TGS, an energy data and intelligence provider based in Norway and the US, and EOLOS, a floating LiDAR technology provider based in Spain, have partnered to offer wind and metocean measurement campaigns in Brazil. Within the partnership, TGS will manage client contracts, campaign design, deployment and operations, while EOLOS will supply its... Continue Reading →
Oct 27 (Reuters) - Mexican state energy company Pemex reported a 61.25 billion peso ($3.34 billion) third-quarter net loss on Monday, according to a filing with the Mexican stock exchange. Revenues for one of the country's biggest companies during the July-to-September period totaled 378.9 billion pesos. Pemex reported that it pumped with partners an average... Continue Reading →
Oct. 24 - Petrobras produced 2.52 million bpd of oil in Brazil in the quarter, up about 18%. Beyond the new 11 wells, the firm said the output increase came from a floating production vessel reaching peak production, another increasing capacity and four ramping up. The firm's total oil, gas and gas liquids production stood... Continue Reading →
Oct. 23 (OE) Golar LNG has informed that all conditions for the 20-year charter of its 3.5 million tonnes per annum (MTPA) MK II Floating Liquefied Natural Gas (FLNG) unit to Southern Energy S.A. (SESA) in Argentina have been satisfied. The announcement confirms $8 billion in EBITDA backlog before commodity exposure and inflationary adjustments. The... Continue Reading →
Oct 22 (Reuters) - Brazilian power company Eletrobras announced on Wednesday it is changing its name to Axia Energia, in a development it said will not impact any contractual, business, or regulatory commitments established by the firm. In a securities filing, Eletrobras also said its Sao Paulo-listed ordinary shares' ticker "ELET3" will change to "AXIA3"... Continue Reading →
Oct 22 (Reuters) - U.S. shipbuilders and port operators are getting hit in the fallout from President Donald Trump’s campaign to wipe out the offshore wind industry, suffering hundreds of millions of dollars in lost government support, vanishing vessel orders, and an uncertain future for the billions of dollars' worth of investments. The impact represents an unintended... Continue Reading →
Ocy. 22 (OE) Singapore’s Seatrium has received a notice of arbitration from Maersk Offshore Wind’s affiliate, regarding the dispute over the termination of a $475 million contract for a nearly completed wind turbine installation vessel (WTIV) originally intended for Equinor’s Empire Wind 1 project in the United States. The arbitration notice, received on October 21,... Continue Reading →
Oct. 22 (OE) Ocean Winds, the 50-50 joint venture between Portugal’s EDP Renováveis and France’s Engie, has agreed to sell a 20.25% stake in its 500 MW Îles d’Yeu et Noirmoutier offshore wind project in France to Allianz Global Investors for $232 million. Located in Vendée on France’s Atlantic coast, the Îles d’Yeu et Noirmoutier... Continue Reading →
Oct 22 (Reuters) - GE Vernova's profit topped third-quarter expectations on Wednesday, driven by strong equipment orders and surging U.S. power demand from data centers supporting artificial intelligence workloads. Growing power demand from AI and other data-heavy industries is helping power equipment makers like GE Vernova tap long-term growth in U.S., strengthening its grid and turbine... Continue Reading →
Oct. 21 (offshoreWIND.biz) China’s Mingyang Smart Energy has unveiled plans to develop a massive 50 MW floating offshore wind turbine featuring a twin-head design similar to the company’s Ocean-X platform. The capacity of the world’s largest floating wind turbine would be nearly double that of the largest design currently available, according to Bloomberg. The wind turbine... Continue Reading →
