Mexico’s top oil & gas projects under development: Coming to grips with main hydrocarbon challenges and obstacles at home and abroad

(offshore-energy.biz) Many factors, including roadblocks, play a role in oil and gas extraction and development around the globe. Some of these are region-specific while others tend to be a global problem. Mexico’s five largest upcoming hydrocarbon projects have not managed to escape these, thus, they are also facing such technical and other issues. The Latin... Continue Reading →

September 13, 2024 0

Blade Failures Add to GE Vernova’s Q3 Loss

(Reuters) Power equipment maker GE Vernova expects its wind segment to post a core loss of $300 million in the third quarter due to additional costs related to offshore blade failures, the company said on Thursday. The projected core loss in GE Vernova's wind segment in the current quarter is more than double the loss... Continue Reading →

September 12, 2024 0

Iberdrola, BP to build 25-MW green hydrogen project in Spain

(Reuters) - Spanish renewable power company Iberdrola and Britain's BP said on Thursday they had agreed to build a 25-megawatt green hydrogen plant in Castellon, on Spain's eastern coast. The project, which will benefit from a 15-million-euro ($16.5 million) EU subsidy, is designed to help BP reduce the carbon footprint of its oil refinery located in Castellon,... Continue Reading →

September 12, 2024 0

Petrobras announces the pricing of U.S. dollar-denominated global notes

Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces the pricing of global notes denominated in U.S. Dollars (the “Notes”) to be issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”). The Notes will be unsecured obligations of PGF and will be fully, unconditionally and irrevocably guaranteed by Petrobras. Closing is expected to occur... Continue Reading →

September 4, 2024 0

Noble Corporation Completes Diamond Offshore Acquisition

(OE) U.S.-based offshore drilling contractor Noble Corporation on Wednesday announced it has completed its acquisition of peer Diamond Offshore Drilling. The merger creates the industry's largest fleet of 7th generation dual-BOP drillships and adds 4.8 rig years and approximately $2 billion to the Noble backlog, which now stands at $6.7 billion. Noble's board of directors... Continue Reading →

September 4, 2024 0

Big floating wind farm by Eni unit, Hitec wins Britain support

(Reuters) - Flotation Energy and Vaargroenn, a joint venture between Eni unit Plenitude and private equity firm HitecVision, said on Tuesday their floating offshore wind project Green Volt won a contract at Britain's latest renewable power auction. The 2.5 billion pound ($3.28 billion) initiative, which is expected to have a capacity of up to 560 megawatts, is... Continue Reading →

September 4, 2024 0

Petrobras announces offering of U.S. dollar-denominated global notes and commencement of cash tender offers

Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced (i) an offering of a new series of U.S. dollar-denominated global notes in the international capital markets (the “New Notes”), subject to market and other conditions (the “New Notes Offering”), and (ii) cash tender offers... Continue Reading →

September 3, 2024 0

BP to Divest Trinidad and Tobago Mature Gas Fields to Perenco

(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 →

September 3, 2024 0

ANP: Investments in exploration in Brazil reach R$ 10 Billion in 2024, with a record number of well drilled

(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 →

September 2, 2024 0

Yinson sheds one of five spin-offs to home in on FPSO and energy transition business arenas

(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 →

September 2, 2024 0

Category: Financial

Mexico’s top oil & gas projects under development: Coming to grips with main hydrocarbon challenges and obstacles at home and abroad

Blade Failures Add to GE Vernova’s Q3 Loss

Iberdrola, BP to build 25-MW green hydrogen project in Spain

Petrobras announces the pricing of U.S. dollar-denominated global notes

Noble Corporation Completes Diamond Offshore Acquisition

Big floating wind farm by Eni unit, Hitec wins Britain support

Petrobras announces offering of U.S. dollar-denominated global notes and commencement of cash tender offers

BP to Divest Trinidad and Tobago Mature Gas Fields to Perenco

ANP: Investments in exploration in Brazil reach R$ 10 Billion in 2024, with a record number of well drilled

Yinson sheds one of five spin-offs to home in on FPSO and energy transition business arenas

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