SBM Offshore signed a 10-year Operations and Maintenance Enabling Agreement for its Guyana FPSO fleet with ExxonMobil Guyana

SBM Offshore is pleased to announce it has signed a 10-year Operations and Maintenance Enabling Agreement with Esso Exploration & Production Guyana Ltd (aka “ExxonMobil Guyana”) for the Operations and Maintenance of FPSOs Liza Destiny, Liza Unity, Prosperity and ONE GUYANA. This framework agreement establishes the new terms related to the operations of the Guyana... Continue Reading →

May 2, 2023 0

MODEC raising finance for expanding FPSO sector

MODEC plans to raise funds to support future FPSO activities by issuing new shares to MITSUI and Mitsui O.S.K. Lines (MOL), and forming a business alliance with MOL. The company has special-purpose entities providing lease, operation and charters of floating production systems. Projects have been growing in scope and funds required for charter arrangements are... Continue Reading →

May 1, 2023 0

Eni Q1 Net Profit Beats Expectations on Strong Gas Business

Italian energy group Eni said on Friday its first-quarter net profit fell 11% year on year on lower oil and gas prices compared with the first three months of 2022, when Russia's invasion of Ukraine sent energy prices soaring. Adjusted net profit for the period came in at 2.91 billion euros ($3.2 billion), down from... Continue Reading →

April 28, 2023 0

Bidders Jostle for Stake in Iberdrola’s Baltic Eagle Offshore Wind Farm

Three firms are vying to buy a minority stake of up to 49% in Iberdrola's "Baltic Eagle" offshore wind farm off the German coast, newspaper Expansion reported on Friday, citing unidentified market sources. The top candidates for the transaction valued at around 700 million euros ($769 million) are Abu Dhabi's Masdar, Swiss fund EIP and... Continue Reading →

April 28, 2023 0

Chevron tops estimates with Q1 profit gain despite slide in oil prices

(Reuters) - Oil major Chevron Corp (CVX.N) beat market expectations on Friday as profit nudged higher in the first quarter, with earnings from refining compensating for slides in energy prices as well as oil and gas production. Net profit climbed 5% to $6.57 billion or $3.46 per share. Results beat consensus by 4%, according to Refinitiv data.... Continue Reading →

April 28, 2023 0

Petrobras on shareholders remuneration

– Petróleo Brasileiro S.A. - Petrobras, following the press release disclosed on March 1, 2023, informs that, in a meeting held today, the Annual General Meeting (AGM) approved the distribution of dividends relating to the 2022 fiscal year in the amount of R$17.06202044 per outstanding share (common or preferred). This amount includes payments already made... Continue Reading →

April 28, 2023 0

Exxon delivers record first-quarter profit on higher output

(Reuters) - Exxon Mobil Corp (XOM.N) on Friday reported a record first-quarter profit that was more than double a year ago and topped Wall Street estimates as rising oil and gas output overcame a pullback in energy prices from high levels. Oil companies are riding a wave of strong demand and cost-cutting tied to efforts to counter... Continue Reading →

April 28, 2023 0

Ocean Winds Reaches FID on French Offshore Wind Project

Offshore wind developer Ocean Winds on Thursday announced the Final Investment Decision for the Dieppe Le Tréport offshore wind farm in France. The project of around 500 MW in France represents a total investment of €2.7 billion, said the company, which is a 50-50 joint venture in 2020 by EDP Renewables and ENGIE. Earlier in April 2023,... Continue Reading →

April 27, 2023 0

30 MW French Floating Offshore Wind Project Enters Construction Stage

TotalEnergies, BW Ideol, and Qair, the developers behind the EolMed project, have started the construction of three floating wind turbines for the 30 MW wind farm offshore France. The arrival of the first steel blocks that will make up the three floating substructures marked the beginning of the construction of the wind turbines in the... Continue Reading →

April 27, 2023 0

3R Petroleum 1Q23 Earnings Release

3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby reports its results for the first quarter of 2023 (“1Q23”). Except as indicated otherwise, the financial and operational information described hereinafter are presented on a consolidated basis, are expressed in Brazilian Reais (R$), and are in accordance with International Financial Reporting Standards -... Continue Reading →

April 27, 2023 0