Enauta's production in September totaled 10,400 barrels of oil equivalent per day, the same level as the previous month, according to a new report released by the company. The Atlanta field, the company's main asset, saw its production grow from 3,000 barrels a day in August to 5,500 barrels in September. This is due to... Continue Reading →
Wall Street cranks up Exxon’s outlook on booming natgas prices
(Reuters) - Wall Street analysts on Wednesday sharply increased their view of Exxon Mobil Corp's third quarter earnings after the company disclosed a $2 billion profit gain from selling natural gas. The disclosure signaled the largest U.S. oil maker quarterly profit due out later this month will land close to the second quarter's record $17.9... Continue Reading →
Fugro carrying out geophysical surveys at RWE’s new offshore wind sites
Fugro is performing geophysical surveys at the array sites of RWE’s two Dogger Bank South (DBS) offshore wind projects, DBS East and DBS West. The survey campaign, which started in May this year, will be underway until 31 October, subject to weather conditions, and is now being performed from the Fugro Frontier vessel after Fugro Searcher completed its scope... Continue Reading →
Crowley Wraps Salem Harbor Acreage Buy to Create Offshore Wind Port Terminal
Crowley has completed the purchase of 42 acres in Salem, Massachusetts, the latest milestone toward the development of the state’s second major offshore wind port terminal. The Salem Harbor Wind Terminal is a public-private partnership between Crowley and the City of Salem, with AVANGRID serving as the port’s anchor tenant through its Commonwealth Wind and... Continue Reading →
REGENT, TotalEnergies Testing Use of Seagliders for Offshore Travel
REGENT, a company developing an electric seaglider for sustainable high-speed maritime travel , and TotalEnergies, a French oil and gas giant, have partnered up to explore the use of REGENT’s all-electric seaglider for maritime travel to offshore wind and oil platforms. According to REGENT, seagliders - described as a mix between a boat and a... Continue Reading →
Venezuela’s oil exports in Sept boosted by sales to China, swaps with Iran
(Reuters) - More shipments to Asia through intermediaries and growing cargo swaps with Iran drove Venezuela's oil exports in September to their third highest level this year, internal documents and tanker tracking data showed. The OPEC-member nation's oil exports were volatile earlier this year due to a lack of diluents required to produce exportable grades... Continue Reading →
U.S. Offshore Wind Developer Names Its First CEO
Atlantic Shores Offshore Wind, a 50/50 partnership between Shell New Energies US LLC and EDF Renewables North America, has appointed Joris Veldhoven as the company’s first Chief Executive Officer. The joint venture is working to develop offshore wind projects on the U.S. east coast, with the aim of providing electricity to New York and New... Continue Reading →
MODEC and Aibel hand out deals for ‘one of the largest FPSOs ever delivered to Brazil’
(OEM) Japan’s FPSO provider MODEC and Norway’s Aibel have picked Axess Group, an integrity and engineering solutions provider, for inspection and certification work on a floating, production, storage and offloading (FPSO) vessel bound for an Equinor-operated field off Brazil. Axess Group revealed on Tuesday that it has secured two contracts – one with MODEC and the other one... Continue Reading →
France starts process to fully nationalise power group EDF
(Reuters) - France on Tuesday started the process to fully nationalise debt-laden nuclear power group EDF (EDF.PA), seeking to secure greater control of its energy supplies just as Europe scrambles to replace Russian gas. The Paris government filed an offer with the market regulator to buy all shares in the group it does not already own... Continue Reading →
Petrobras on P-82 construction contract
Petróleo Brasileiro S.A. – Petrobras informs that today it signed a contract with Sembcorp Marine Rigs & Floaters for the construction of the P-82 platform, as a result of the advancement of the Búzios field development project, in the Santos Basin pre-salt area. The P-82 will be of the FPSO type and will have the... Continue Reading →
Brazil Energy Insight 