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(Reuters) - BP has agreed to buy grain trader Bunge's 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a bet on growing demand for low-carbon biofuels. Following the completion of the deal, expected by end-2024, BP will take full ownership of Bioenergia which has production capacity of around 50,000... Continue Reading →
(Reuters) Mexico's President Andres Manuel Lopez Obrador said on Friday that businessman Carlos Slim is interested in participating in the country's first deepwater natural gas project, working alongside state energy company Pemex. In March, Reuters reported that Pemex officials and the billionaire tycoon's team were discussing ways to revive development of the Lakach field in... Continue Reading →
(OE) Shearwater GeoServices has ramped up its multi-client activity by starting the Pelotas Basin 3D survey, offshore Brazil. The survey represents the fifth multi-client 3D acquisition project so far for Shearwater, the company said. The Pelotas Basin 3D is adding to Shearwater’s existing library in the conjugate Orange Basin of Namibia and is a continuation... Continue Reading →
(OE) Norwegian offshore vessel operator DOF Group has secured a ‘major contract’ from Petrobras for its pipelay support vessel (PLSV) Skandi Vitória. DOF secured a three-year firm contract, plus option, for its PLSV Skandi Vitória as part of an ongoing tender process. The contract starts in 2025, according to DOF. The vessel is Brazilian-built and... Continue Reading →
(OE) Yinson Production has placed $1.035 billion senior secured notes to refinance the floating, production, storage and offloading (FPSO) vessel Anna Nery, working for Petrobras in the Marlim field, offshore Brazil. The successful pricing of $1.035 billion 144A/Reg S non-recourse, senior secured notes, was issued by Yinson Boronia Production, which owns and operates the FPSO... Continue Reading →
(Reuters) Europe's largest utility Iberdrola will keep betting on offshore wind in the coming years, roughly tripling the value of its assets in the sector to 17 billion euros ($18 billion), Executive Chairman Ignacio Sanchez Galan told shareholders on Friday. In the past couple of years, the Spanish firm has shifted its focus to upgrading... Continue Reading →
(OE) Italian offshore energy services firm Saipem has secured a contract from Azule Energy, a joint venture between Eni and BP, for the development of Ndungu field as part of Agogo Integrated West Hub Project, offshore Angola. Saipem’s scope of work entails the engineering, fabrication, transportation and installation of approximately 60 km of rigid pipelines... Continue Reading →
Principle Power and Aker Solutions (“FloatHOME” consortium) have been chosen as a winner for the second phase of the U.S. Floating Offshore Wind Readiness (FLOWIN) Prize by the DOE. The award consists of a $450,000 cash prize and $100,000 in technical assistance from the DOE National Labs. Prize money is being used to advance WindFloat®... Continue Reading →
(OE) Malaysia-based offshore services firm Sapura Energy has through its joint venture companies secured $1.8 billion worth of contracts with Brazil’s state-owned energy giant Petrobras for the provision of subsea services and six pipe-laying support vessels (PLSVs). Sapura Energy has through the joint ventures owned by Seabras Sapura Holding and Seabras Sapura Participações, in collaboration... Continue Reading →
(OE) CADEMO Corporation, established by Floventis, and California Community Power (CC Power) have signed a memorandum of understanding (MoU) to facilitate the development of the 60 MW floating wind project off the California coast. The MoU is intended to establish a collaborative engagement between CC Power, a joint powers authority that conducts joint power procurement... Continue Reading →
Brazil Energy Insight 