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Elaine Maslin, Contributor In the last few years, there’s been a proliferation of projects targeting the production of hydrogen. Its seen as one of the levers towards net zero and, more recently, a way to help underpin energy security, especially in Europe. Many think producing the stuff offshore is a big opportunity. (OE) Many are keen... Continue Reading →
French energy major TotalEnergies has approved the final investment decision for the Fenix gas development, located 60 km off the coast of Tierra del Fuego in southern Argentina. This development is said to be the world’s southernmost gas project. Through its Total Austral affiliate, TotalEnergies operates the project with a 37.5 per cent interest, in... Continue Reading →
The Administrative Council for Economic Defense (Cade) gave its approval, without restrictions, to PetroRio's (now called PRio) purchase of Dommo. The information was published in the Official Gazette. Pursuant to the merger notification submitted to Cade, the transaction will cause Dommo to become, directly or indirectly, a subsidiary of PRio. Dommo owns 20% of the... Continue Reading →
(Reuters) - Argentine oil pipeline operator Oleoductos del Valle (Oldelval) will invest $750 million to double its transport capacity from the Vaca Muerta shale formation, the country's energy ministry announced Friday, hoping to boost exports and dollar reserves. Oldelval aims to boost capacity to 72,000 per day from 36,000 cubic meters in two years, the... Continue Reading →
Germany-based EUROPIPE has received an order from the North American TC Energy (TCE) to supply the pipe for the Southeast Gateway Pipeline project in the Gulf of Mexico. TCE is building the $4.5 billion offshore gas pipeline in partnership with the Mexican state-owned power utility Comisión Federal de Electricidad (CFE) to secure the power supply... Continue Reading →
Elaine Maslin, Contributor (OE) The use of USVs in the offshore industry has come a long way since they first started making an appearance in the 2010s. After some tentative steps, companies like XOCEAN have come in and blazed a trail, not least in offshore wind.This has largely been for standard multibeam and sub-bottom profile surveys.... Continue Reading →
(OE) Offshore drilling firm Stena Drilling has secured a drilling contract with China's CNOOC for its drillship Stena IceMax in Gabon. The contract is with CNOOC's subsidiary CNOOC Africa Holding Ltd (CNOOC). According to Stena Drilling, the two well program, is scheduled for Q1 2023. Stena said that the drilling program off the coast of... Continue Reading →
Offshore energy companies in Brazil have come together for a joint industry research and technology development project focused on addressing technologies to reduce carbon emissions. The project named i-Concept JIP Phase 2 focuses on the development of applied computational modules to generate and rank offshore conceptual systems, addressing technologies to reduce carbon emissions and creating... Continue Reading →
(OE) Prysmian Group has won two contracts worth more than €800 million, including options, with Amprion Offshore – a subsidiary of German transmission system operator Amprion - for the design, supply, installation, and commissioning of land and submarine cables for two offshore wind farm grid connection systems in Germany’s North Sea, DolWin4 & BorWin4. The DolWin4... Continue Reading →
(Reuters) - Colombia's new government must drop taxes on oil exports from a proposed tax reform and scrap plans to stop energy companies from offsetting taxes with royalty payments, in favor of surcharges based on production, the private oil producers association said on Thursday. Colombia's new leftist President Gustavo Petro has proposed a tax reform... Continue Reading →
Brazil Energy Insight 