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(OE) Export Finance Norway (Eksfin) has financed Nexans Norway’s new UK export cable contract with NOK 2bn (£155m) in loan guarantees. "The transaction covers the export and installation of advanced high-voltage subsea cables for the Moray West wind farm off the coast of Scotland. Export Finance Norway (Eksfin)’s global portfolio of loans and guarantees covering... Continue Reading →
(Reuters) Halliburton Co reported a higher first-quarter profit on Tuesday, wrapping up upbeat earnings from the world's top oilfield services providers as higher oil prices encouraged drilling activity and boosted demand for services and equipment. Global oil futures are currently trading around $82 a barrel, down about 20% from a year ago but remain well... Continue Reading →
(Reuters) - Europe's offshore renewable energy industry is not big enough to deliver governments' goals to rapidly expand green power, and requires a jump in policy support and funding to get on track, European companies from the sector said on Monday. The companies' joint call comes as leaders from nine countries including Germany, France and... Continue Reading →
(Reuters) SLB beat Wall Street estimates for first-quarter profit on Friday, as elevated crude prices and tight supplies fueled demand for its oilfield services. Global crude prices averaged $81.24 a barrel in the January-March quarter, down nearly 20% from a year earlier but still well above a level where oil and gas producers can drill... Continue Reading →
Singaporean conglomerate Keppel Corp Ltd on Thursday posted a higher net profit for the first quarter, boosted by a significant one-off gain recognized from the sale of its offshore & marine unit. In February, Sembcorp Marine completed a S$4.50 billion ($3.37 billion) buyout of Keppel's offshore & marine unit after receiving the necessary shareholder approvals.... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) has won contracts worth almost 7 billion euros ($7.68 billion) as part of a consortium with Spain's Dragados Offshore (ACS.MC) to transport wind farm power to northern Germany, the German company announced on Thursday. Under the deal with Dutch electric grid company TenneT (IPO-TTH.AS), the companies will supply technology for three offshore grid connections in... Continue Reading →
(epbr) Petrobras has begun reviewing the five-year strategic plan and will release the new plan for the period 2024-2028 at the end of 2023, along the lines of the last revisions, said Maurício Tolmasquim, current executive manager of Strategy at Petrobras. Tolmasquim was appointed to the Board of Energy Transition and Renewable Energy, a new... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed, in partnership with Shell and Senai CIMATEC, a cooperation term (TC) for the construction of the Production Development Laboratory (LDP), the largest complex for pre-salt research and development. The LDP will enable safe operating conditions similar to the Brazilian pre-salt for testing integrated systems. The... Continue Reading →
(Reuters) - Oilfield firm Baker Hughes Co (BKR.O) beat first-quarter profit estimates on Wednesday, as stronger oil prices have supported demand for its equipment and services. Global oil futures are currently trading around $83.12 a barrel, down about 22% from a year ago but still well above a level where firms can drill profitably. Markets have been... Continue Reading →
Oslo-headquartered ocean services provider DeepOcean has reported a revenue increase of 13.4 per cent in 2022 said to be mainly driven by inspection, maintenance and repair (IMR) work in the oil and gas sector. For 2022, DeepOcean reported revenue of $566.1 million, up 13.4 per cent from $499.4 million in the prior year, and an operating... Continue Reading →
Brazil Energy Insight 