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(Reuters) - Norwegian state-owned utility Statkraft, which has quietly become Europe's largest renewable energy producer, faces the challenge under its new CEO of balancing ambitions for global growth with financial restraint and calls to go public. On Monday, Statkraft's board announced Birgitte Ringstad Vartdal, its head of Nordic operations, would take on the top job... Continue Reading →
(Reuters) - Norway began its first auction on Monday for the right to build a commercial offshore wind farm, offering up to 1.5 gigawatt (GW) of capacity in what the government hopes will be the start of a massive development of renewable electricity. "The auction is now underway," the energy ministry said in an emailed... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with Yara Brasil Fertilizantes S.A. (Yara) to study potential business partnerships for local initiatives in the fertilizer segment, production of industrial products and decarbonization of production. The MoU signed is of a non-binding nature and is aligned with the strategic... Continue Reading →
(BUSINESS WIRE)--Valaris Limited (NYSE: VAL) ("Valaris" or the "Company") today reported fourth quarter 2023 results. President and Chief Executive Officer Anton Dibowitz said, "We continue to execute on our operating leverage by repricing rigs from legacy day rates to meaningfully higher market rates and successfully delivering reactivated rigs with attractive contracts. At the same time,... Continue Reading →
(OET) Norway’s asset integrity management company Axess Group and Guyana Logistics and Support Services (GLASS) have established a joint venture (JV) to launch an engineering and asset integrity management (AIM) firm in Guyana. Axess has been delivering services including design, inspection, maintenance, certification, modification, engineering, and installation of equipment for both offshore and onshore installations,... Continue Reading →
(OET) Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has caught sight of increased activity in tenders covering work for 2025 and beyond. While the firm is primarily expecting more assignments in the North Sea and Brazil, other regions are also being affected by the tightening of vessel supply. Prosafe’s fleet utilization for January... Continue Reading →
(OE) After a thorough review, the Norwegian government has approved five applicants for the upcoming offshore wind auction round for Sørlige Nordsjø II (Southern North Sea II). The consortia that qualified for the auction includes Aker Offshore Wind, BP and Statkraft; Equinor adn RWE; Norseman Wind, an Energie Baden-Württemberg (EnBw) subsidiary; Shell, Lyse and Eviny;... Continue Reading →
(OET) Brazilian state-owned oil and gas giant Petrobras has awarded Norway’s Electromagnetic Geoservices (EMGS) with a contract worth approximately $11.7 million to deliver a multi-client survey offshore Brazil. The contract represents EMGS’ first acquisition project offshore Brazil in almost ten years. The fully pre-funded multi-client survey is expected to start in late March or early April.... Continue Reading →
(OET) Norway’s compressed air systems supplier TMC Compressors has been hired by Yinson Production to deliver a large-capacity marine compressed air system on board a floating, production, storage, and offloading (FPSO) vessel destined to operate offshore Angola. TMC Compressors reported on Monday, January 29, 2024, that the marine compressed air system would entail compressors for control... Continue Reading →
(OET) Norway’s Solstad Offshore has placed an order with compatriot Omega Subsea Robotics for the delivery of six additional remotely operated vehicle (ROV) systems that will be integrated onboard its selected vessels this year. With six ROV systems already in place, this order doubles Solstad and Omega Subsea’s total ROV system count from six to... Continue Reading →
Brazil Energy Insight 