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Italian oilfield contractor Saipem has appointed a new chief executive officer (CEO) following the resignation of Francesco Caio. The board of directors of Saipem, chaired by Silvia Merlo, on Wednesday acknowledged the resignation of the non-executive and non-independent board member Pier Francesco Ragni communicated on 19 August 2022. Ragni resigned “due to new upcoming professional commitments,” Saipem said. Pier Francesco... Continue Reading →
(OE) Danish renewable energy giant Ørsted said Wednesday that Hornsea 2, the world’s largest installed offshore wind farm, is now fully operational off the UK coast. The 1.3GW offshore wind farm comprises 165 wind turbines, located 89km off the Yorkshire Coast. I can power over 1.4 million UK households. The wind farm is located alongside... Continue Reading →
(TN) Pre-Sal Petróleo (PPSA) is selling the first oil cargo from the Sepia production sharing contract. The company sent an invitation letter to the market for ten companies that already registered for operations in the pre-salt layer, offering, through direct sales, a load of 500 thousand barrels for loading in the last quarter of the... Continue Reading →
(Reuters) - Progress to relaunch oil major Chevron Corp's (CVX.N) operations in Venezuela under U.S. sanctions on the country depends on licenses from Washington, Venezuelan oil minister Tareck El Aissami said on Tuesday. The U.S. Treasury Department in May renewed a license that allows Chevron to operate in Venezuela under very restrictive terms. The company had requested... Continue Reading →
(OE) The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market. “Business conditions and market sentiment in the deepwater sector have seldom been so positive,” said Jim McCaul, founder and principal analyst of WER. “Major upstream operators continue... Continue Reading →
(OW) DNV has notified Odfjell Oceanwind that the main scantling approval of its Deepsea Semi floating wind foundation design is close to completion. The main scantling class approval is based on the SG 11.0-200 DD offshore wind turbine from Siemens Gamesa. The Deepsea Semi floating wind foundation design is developed for use in floating wind... Continue Reading →
(Reuters) - Ecuadoran state oil company Petroecuador has asked global commodities trader Trafigura to stop importing Russian diesel in an effort to comply with sanctions targeting Russia's energy exports, Petroecuador said in a statement late on Sunday. Petroecuador's public warning to Trafigura follows European Union and United States sanctions imposed on Russian energy supplies after... Continue Reading →
Maritime classification society The American Bureau of Shipping (ABS) on Monday launched detailed requirements for greener offshore operations in what it said was the first sustainability guide to target the offshore industry. "Developed by working with major offshore industry clients, ABS today launches a revised sustainability guide expanded with offshore asset compliance requirements.The updated ABS Guide for... Continue Reading →
(Reuters) - China Petroleum and Chemical Corp, or Sinopec Corp , reported interim net income surged 10.4% to a record 43.53 billion yuan ($6.33 billion), thanks to strong oil and gas prices despite weakened domestic fuel sales. Sinopec, the world's largest refiner by capacity, reported revenues of 1.61 trillion yuan for the six months, up... Continue Reading →
(Reuters) - Trafigura has been prevented from bringing fuel to Mexico months after the lifting of import restrictions on the global commodities trader, federal court documents showed, underscoring the roadblocks that foreign energy companies continue to face. The Geneva-based company in April convinced a federal court judge in Mexico City to lift the suspensions, according... Continue Reading →
Brazil Energy Insight 