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(OE) BP has entered into an agreement with Perenco T&T to divest its Immortelle, Flamboyant, Amherstia and Cashima offshore gas fields and associated production facilities, as well the undeveloped resources from the Parang field in Trinidad and Tobago. BP Trinidad and Tobago operates and currently is the sole owner in each of the assets included... Continue Reading →
(PN) Brazil is expected to receive around R$10 billion in investments this year in oil and gas blocks that are in the exploration phase. The data was presented by the National Petroleum Agency (ANP), in the Annual Exploration Report (available on the ANP website). Of this amount, the offshore environment will receive R$9.50 billion, of... Continue Reading →
(offshore-energy.biz) Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, which currently invests in five business units – Yinson Production, Yinson Renewables, Yinson GreenTech, Farosson, and Regulus Offshore – has set the wheels in motion to part with the last affiliate on this list, which offers integrated offshore support vessel (OSV) services. Given Yinson’s strategic... Continue Reading →
(offshore-energy.biz) UK-headquartered energy technology provider TechnipFMC has put the finishing touches on its assignment at a gas-to-energy (GtE) project off Guyana’s Atlantic coast, which is envisioned to enable infrastructure buildout required to allow for natural gas to be transported from an oilfield in the waters of the prolific Stabroek Block to an integrated natural gas... Continue Reading →
(Reuters) - Brazilians will pay more for electricity in September as local power regulator Aneel decided to impose an additional charge on bills due to a drop in reservoir levels at hydroelectric plants amid the country's dry season. Despite the growth of wind and solar power in Latin America's largest economy in recent years, more... Continue Reading →
Petrobras, the Latin American champion in the past four years according to the Top500.org ranking, which evaluates the world's foremost High-Performance Computers (HPCs), will boost its technological park by acquiring five new supercomputers with a total investment of BRL 500 million. One of the machines, capable of processing the equivalent of roughly 10 million mobile... Continue Reading →
(Reuters) - Norwegian energy company Equinor has cancelled its offshore-wind projects in Spain and Portugal, in addition to its previously announced exit from Vietnam, and could withdraw from more countries to rein in spending, an executive told Reuters on Wednesday. "We have been actively pursuing early-phase opportunities in a series of markets around the world, in different... Continue Reading →
(Reuters) Chinese offshore oil and gas major CNOOC posted record first-half profit on Thursday, boosted by output growth and higher oil prices. Net profit attributable to shareholders rose 25% to 79.73 billion yuan ($11.19 billion), CNOOC said in a filing with the Hong Kong Stock Exchange. CNOOC's net production of oil and gas increased by... Continue Reading →
(offshore-energy.biz) U.S.-headquartered offshore energy services provider Helix Energy Solutions has picked up multimillion-dollar long-term assignments off the coast of Brazil for two vessels, which will carry out well intervention work for the country’s energy giant, Petrobras. Following a competitive tender process, Helix entered into three-year vessel charter and service contracts with Petrobras for the Siem Helix 1 and Siem Helix 2 riser-based... Continue Reading →
(OE) Offshore supply services company Havila Shipping has recorded a profit before tax of NOK 4.0 million ($382,000) in Q2 2024, compared with NOK -5.4 million in Q2 2023. Deals made in the quarter include the agreement with Reach Subsea to extend the contract for the IMR vessel Havila Subsea. The existing contract was due... Continue Reading →
Brazil Energy Insight 