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(Reuters) Mexico's heavily indebted state oil company Pemex will have about 200 billion pesos ($11.7 billion) this year to cover almost all of its regular debt payments, a senior finance official said on Tuesday. Deputy Finance Minister Gabriel Yorio told reporters that some 145 billion pesos were allocated from the federal budget, which was approved... Continue Reading →
The UK Government has awarded funding to a consortium led by Morek Engineeringto design a new class of low-carbon installation vessel for the floating offshore windmarket.The consortium has won the funding through the UK Government’s Clean MaritimeDemonstration Competition based on their proven track record in innovative vessel designand delivery of complex offshore operations. The consortium... Continue Reading →
(PN) Petrobras declared that it identified the presence of hydrocarbons in the Pitu Oeste exploratory well, in the Potiguar Basin on the Equatorial Margin. The results, however, are still inconclusive regarding the economic viability of the area. The discovery has already been notified to the National Petroleum Agency (ANP). The Pitu Oeste well is located... Continue Reading →
(OE) French green hydrogen production specialist Lhyfe has announced the operating results of its offshore hydrogen production pilot platform, Sealhyfe, confirming the initial objectives have been met with valuable insights gathered for the large-scale HOPE project. After 14 months of testing, including in particularly tough conditions, Sealhyfe was brought back with its full production capacity... Continue Reading →
(OET) The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has made modifications to monetary penalties for oil and gas companies, implementing the 2024 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations per Federal law. The Bureau of Ocean Energy Management made the final rule announcement on Thursday, January 25, 2024,... Continue Reading →
(Reuters) - Offshore wind developers submitted revised bids to supply power to New York state on Thursday to cope with soaring costs, with industry heavyweights Equinor (EQNR.OL), opens new tab and BP (BP.L), opens new tab saying they would no longer develop projects together. The closely watched New York solicitation, which allows companies to exit old contracts and re-offer... Continue Reading →
(OE) The U.S. government has awarded a major grant to the Humboldt Bay Harbor, Recreation, and Conservation District for the construction of a new marine terminal to be primarily used for floating offshore wind-related activities. The grant for the Humboldt Bay Offshore Wind MVP (Minimum Viable Port) project comes through the U.S. Department of Transportation’s... Continue Reading →
(Reuters) U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets. The company concludes fourth-quarter reports from the world's top oilfield services providers. International demand also helped rivals SLB and Halliburton beat estimates amid slowing activity in... Continue Reading →
(OET) Australian oil and gas company Karoon Energy is working on sorting out the issues impeding the restart of production from a well located on a field in the Santos Basin offshore Brazil. To this end, well intervention activities are seen as the likely solution for the well to come back online. Karoon’s production from the Baúna project,... Continue Reading →
(Reuters) - BP (BP.L), opens new tab expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy (WDS.AX), opens new tab, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said. BP, which holds a 30% stake... Continue Reading →
