Oil & gas production uptick sets the scene for ‘solid’ financial performance as Equinor bolsters low-carbon shift with spike in renewables

( Offshore-energy.biz) The Norwegian state-owned energy giant Equinor has managed to maintain a stable net profit in the second quarter of 2024, registering a drop quarter on quarter but a slight increase compared to the same period last year, while the firm continued working on field developments and supplied hydrocarbons to Europe to increase the... Continue Reading →

SBM Offshore holds naming ceremony for huge Brazil-bound FPSO Almirante Tamandare

(Offshore-energy.biz) Dutch FPSO operator SBM Offshore has officially named a floating production, storage, and offloading (FPSO) vessel destined to work at a giant field off the coast of Brazil for the country’s state-owned energy heavyweight, Petrobras. After obtaining a binding letter of intent (LoI) in February 2021, SBM Offshore inked contracts with Petrobras for the 26.25-year lease and operation of... Continue Reading →

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