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(Reuters) - French independent power producer HDF Energy (HDF.PA) expects its green hydrogen power plant in Namibia, Africa's first, to start producing electricity by 2024, a senior company executive said on Monday. Once operational, the 3.1 billion Namibian dollar ($181.25 million) Swakopmund project will supply clean electricity power, 24 hours a day all-year round, boosting electricity supply... Continue Reading →
Seaway 7, part of the Subsea7 Group, plans to raise $650 million through the issuance of new equity and debt, primarily to finance its two newbuild vessels, Seaway Alfa Lift and Seaway Ventus. Both vessels are anticipated to be delivered during 2023 and to enter operations in the first half of 2024. In addition to the newbuild vessels,... Continue Reading →
FPSO operator BW Offshore has received a short-term contract extension for a floating, production storage and offloading (FPSO) vessel operating for the Houston-based Vaalco offshore Gabon. The FPSO will be replaced with an FSO unit as part of the Etame Marin field reconfiguration project. BW Offshore revealed on Sunday that it has entered into a... Continue Reading →
- Petróleo Brasileiro S.A. – Petrobras, in continuation of the notice released on 08/19/2022, hereby informs that it was concluded, on this date, the bookbuilding procedure of the 1st issuance of book-entry commercial notes (Issuance), without collateral and personal guarantee, in up to two series (Book-entry Commercial Notes), subject to public distribution, with restricted distribution... Continue Reading →
(Reuters) - Spanish energy group Repsol (REP.MC) is selling a 25% stake in its oil and gas exploration division to U.S. fund EIG for $4.8 billion, building up a warchest for renewables projects as the energy industry moves to a lower-carbon future. The deal, first reported by Reuters earlier this year, values the whole business at $19... Continue Reading →
Offshore drilling contractor Maersk Drilling has secured a contract extension with Shell, a UK-headquartered energy giant, for a 7th generation drillship, enabling it to carry out drilling services offshore Mexico once it completes its current assignment with this oil major. The rig owner revealed on Thursday that Shell has exercised an option to extend the... Continue Reading →
Offshore drilling contractor Transocean has secured two new contract awards in the Gulf of Mexico for one of its ultra-deepwater drillships. Transocean announced on Tuesday that the ultra-deepwater drillship, Deepwater Asgard, received two contract awards in the U.S. Gulf of Mexico for a total of approximately 14 months of work, adding $181 million to the firm... Continue Reading →
(Reuters) Siemens Energy said on Tuesday it has a placed 960 million euro ($949.63 million) mandatory convertible bond to help fund its takeover bid for wind turbine maker Siemens Gamesa. It expects settlement of the notes to take place on or around Sept. 14, it said in a statement. "With the planned full integration of... Continue Reading →
(Reuters) Guyana could bank about $1.25 billion this year from the sale of oil as its share of offshore production and royalties, up 30% from a prior estimate, the government's finance ministry said over the weekend. Historically one of South America's poorest nations, Guyana this year expects proceeds from oil discoveries off its coast to jump on... Continue Reading →
Dutch marine services company Royal Boskalis Westminster N.V. (Boskalis) and Curaçao-based HAL Holding have reached an agreement on an increased offer price related to HAL’s all-cash public takeover offer for all shares of Boskalis. Boskalis and HAL have agreed to the offer of EUR 33 per share in cash, up from the initial offer of... Continue Reading →
Brazil Energy Insight 