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South Korea’s major Samsung Heavy Industries (SHI) has clinched a ‘major’ contract worth KRW 1.9 trillion (approximately $1.34 billion) for the construction of nine environmentally friendly DP2 Suezmax shuttle tankers. As disclosed in a stock exchange filing by SHI, the newbuilds are due for delivery by the end of 2028. In a separate statement, Greek... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts/Communications published on 11/07/2024, 12/10/2024 and 03/13/2025, informs that it will make today the payment of the second installment of shareholder remuneration relating to the balance sheet of September 30, 2024. The gross amount to be distributed today corresponds to R$ 0.68143913 per common and... Continue Reading →
(Reuters) RWE, Germany's largest utility, on Thursday said it would cut investments by more than a fifth until the end of the decade, citing global uncertainty around renewable energy returns that has forced major sector players to pare back spending plans. Citing geopolitical risks as well as supply chain constraints, RWE said it was currently... Continue Reading →
(OE) Norwegian offshore supply vessel operator DOF Group has secured a ‘very large’ subsea umbilical, riser, and flowline (SURF) project for an undisclosed energy company offshore Africa. Under the contract, DOF will deliver its full suite of project management, engineering, logistical and execution services to install flexible flowlines, risers, cables and associated subsea structures. DOF... Continue Reading →
(OE) Asset manager Apollo has agreed to acquire a majority stake in offshore energy solutions business OEG Energy Group as part of the transaction worth over $1 billion. Apollo, through its funds managed by its affiliates, will take the majority share from from funds managed by the Power Opportunities strategy of Oaktree Capital Management and... Continue Reading →
The Chouest Group said it has acquired Kystdesign, a manufacturer of remotely operated vehicle (ROV) systems. "We are thrilled to welcome Kystdesign and its talented team into the Chouest family," said Dino Chouest. "By joining forces, we will continue delivering cutting-edge ROV systems and advancing the evolution of next-generation underwater robotics.” This acquisition strengthens Chouest’s... Continue Reading →
(OE) Copenhagen Infrastructure Partners (CIP), through its fund Copenhagen Infrastructure V (CI V), has reached financial close on the 495 MW Fengmiao I offshore wind project off the coast of Taichung in Taiwan. Fengmiao I project has secured an approximately $3.1 billion project financing from 27 international and Taiwanese banks. A portion of the project... Continue Reading →
(Reuters) - Vitol will buy stakes in West African oil and gas assets from Italy's Eni, bolstering the global commodity trading house's position in the upstream sector, as it seeks to reinvest the huge profits it has been generating since 2022. The commodity trader will acquire an interest in oil and gas producing assets and... Continue Reading →
(Reuters) - Brazil's government will propose a 10% tax on corporate profits and dividends sent abroad to help offset revenue lost from an expanded tax exemption for individuals with lower incomes, two sources with knowledge of the matter said on Monday. The measure would deal a blow to multinationals with subsidiaries in Brazil, which now... Continue Reading →
(Reuters) - Chevron purchased about 4.99% of Hess Corp's common shares this year, the oil giant said in a regulatory filing on Monday. Chevron said the stock purchase reflects its continuing confidence in completing the pending acquisition of Hess. In October 2023, Chevron agreed to acquire Hess in an all-stock deal valued at $53 billion, gaining a stake in... Continue Reading →
Brazil Energy Insight 