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(OE) Following a competitive tender process, energy technology company SLB has secured a new contract with Petrobras for providing integrated services across all of its offshore fields in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs. The... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact from November 7, 2024, informs that the distribution of remuneration to shareholders, approved on that date by the Board of Directors, in the amount of R$ 17.12 billion, equivalent to R$ 1.32820661 per common and preferred share in circulation, will be paid as follows,... Continue Reading →
(offfshoreWIND.biz) All companies that submitted applications to participate in Colombia’s first offshore wind tender have been pre-qualified, meeting legal, financial, and technical requirements. The announcement was made on 9 December by Colombia’s National Hydrocarbons Agency (ANH). Among the companies included in the preliminary list of qualified bidders are energy giants from Belgium, the UK, Spain, and... Continue Reading →
Tugdock and Sarens have successfully secured funding from The Crown Estate through the initial round of its innovative Supply Chain Accelerator. This is match funding for a joint project by Tugdock and Sarens to develop a heavy lift Operations and Maintenance (O&M) hub at ABP’s port of Port Talbot in Wales. With key support from major industry players such as ABP and RWE,... Continue Reading →
Iberdrola has received a production license from the Portuguese Directorate-General for Energy and Geology of Portugal (DGEG), taking another step towards the construction of the largest wind farm in Portugal. Located in the districts of Vila Real and Braga, in northern Portugal, with a total investment of around €350 million, this project reinforces Iberdrola's commitment... Continue Reading →
Energy major BP and Japan’s largest power generation company JERA have agreed to combine their offshore wind businesses to form a new standalone, equally-owned joint venture that will become one of the largest global offshore wind developers, owners and operators, named JERA Nex BP. The combination will create a global business with a balanced mix... Continue Reading →
(offshore-energy.biz) UK-headquartered energy technology provider TechnipFMC has put the first equipment part of a subsea production system in place for an oil development at the Stabroek block, which ExxonMobil Guyana Limited, a subsidiary of the U.S.-headquartered energy giant ExxonMobil, operates off the coast of Guyana. ExxonMobil hired TechnipFMC in May 2023 to provide a subsea production... Continue Reading →
(OE) Brazil's state-run oil firm Petrobras PETR4.SA cut $1.1 billion in planned investments in decommissioning oil and gas platforms in its strategic plan for the 2025-2029 period, compared to what was earmarked in its 2024-2028 plan, the company told Reuters. Petrobras expects to invest $9.9 billion in platform decommissioning through 2029, compared with more than... Continue Reading →
Petrobras, following up on communication of October 3, 2024, through its wholly-owned subsidiary Petrobras International Braspetro B.V. - Colombia Branch (PIB-COL), and Ecopetrol confirm the largest gas discovery in the history of Colombia with the drilling of the Sirius-2 well. The drilling of Sirius-2 began on June 19, 2024. The well is located within the... Continue Reading →
Shell is stepping back from new offshore wind investments and is splitting its power division following an extensive review of the business that was once seen as a key driver of the company's energy transition strategy. (Reuters) The changes are part of a company-wide review launched in 2023 aimed at reducing costs as CEO Wael Sawan focuses... Continue Reading →
Brazil Energy Insight 