Saipem’s board endorses first sustainability plan with “challenging objectives”

(OEM) The board of directors of Italy’s Saipem has approved the offshore drilling contractor’s first sustainability plan, which represents an integrated strategy that combines business and financial objectives with environmental, social and governance (ESG) criteria, enabling the firm to reach net-zero by 2050. Saipem revealed on Tuesday that its board of directors, chaired by Chairman Silvia... Continue Reading →

Petrobras on loan linked to sustainability

Petróleo Brasileiro S.A. –  Petrobras informs that it signed, on 07/08/22, a credit line with sustainability commitments (Sustainability-Linked Loan - SLL) in the amount of US$ 1.25 billion and maturity in July 2027. The operation was signed with the banks Bank of China, MUFG and The Bank of Nova Scotia, with competitive costs in comparison... Continue Reading →

Helix takes ‘meaningful step’ towards its energy transition model by closing Alliance deal

Houston-headquartered offshore energy services provider Helix Energy Solutions has completed the acquisition of Louisiana-based, privately-held Alliance group of companies, enabling it to expand its decommissioning presence in the Gulf of Mexico. Back in May 2022, Helix revealed that it had entered into a definitive agreement to acquire 100 per cent of the equity interests of the Alliance... Continue Reading →

Amapa Aguas Profundas: new exploratory frontier for oil and gas in Brazil

(epbr) It is Petrobras' culture to develop petroleum frontiers of high geological complexity, demanding development and application of the most daring technologies. From the pioneering onshore exploration activities to the pre-salt layer, the company has stood out for creating innovative solutions to enable the exploration of these areas, helping to strengthen the national industry, energy... Continue Reading →

World’s first hybrid-electric anchor handler completes sea trials

Denmark-headquartered Maersk Supply Service has revealed that one of its anchor handling tug supply (AHTS) vessels, which is believed to be the world’s first hybrid-electric anchor handler, has completed sea trials offshore Norway, following upgrades. Maersk Supply Service has steadily been reducing its emissions since 2018 through a combination of initiatives, such as energy-efficient operations... Continue Reading →

Petrobras on the signing of an agreement for feasibility of biomethane production

Petróleo Brasileiro S.A. – Petrobras and Raízen have signed an agreement to jointly evaluate potential businesses involving the production, purchase and sale of biomethane, a 100% renewable fuel produced by Raízen from sugarcane waste (vinasse and filter cake), generated in the agro-industrial operations of the company's Energy Bioparks. The partnership also foresees studies for the... Continue Reading →

Dril-Quip maps out decarbonization plan

U.S. manufacturer of drilling and production equipment Dril-Quip has set its decarbonization targets, aiming to reduce its combined Scope 1 and Scope 2 emissions by more than 50% by 2030. Dril-Quip’s decarbonization actions include switching to renewable electricity at certain manufacturing sites, rightsizing facilities, investing in infrastructure to reduce emissions, reducing its vehicle fleet and evaluating... Continue Reading →

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