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Last week, Corio also announced five offshore wind projects totalling more than 5 GW in early-stage development off Brazil. Corio intends to develop five projects in Brazil, subject to finalisation of documentation and regulatory approvals, alongside leading Brazilian power generation company Servtec, which has been in the renewables sector for more than 20 years and... Continue Reading →
Renewable energy company RWE Renewables France and offshore vessel services provider Bourbon Subsea Services have agreed to jointly bid for the Mediterranean floating offshore wind auction. The two companies have applied to be selected as eligible bidder for the A06 tender, and the respective announcement by the French government is expected during the coming weeks. ... Continue Reading →
Oil and gas company BW Energy has agreed to buy Saipem's Cidade de Vitoria FPSO for $73 million in cash. The vessel is currently owned by Saipem and operated for Petrobras in the Golfinho field offshore Brazil. The sale and purchase of the FPSO is subject to the closing of the acquisition by BW Energy... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/23/2022, informs that it signed today with BW Energy Maromba do Brasil Ltda (BWE), the contracts for the sale of its total stake in the maritime concessions groups named Golfinho Cluster and Camarupim Cluster, in the post-salt deep waters, located in the Espírito... Continue Reading →
(Reuters) - A new oil refinery under construction on Mexico's southern Gulf coast will probably cost between $11-12 billion, rather than the $8 billion originally estimated, President Andres Manuel Lopez Obrador said on Friday. Lopez Obrador told a news conference that the flagship project in the port of Dos Bocas owned and operated by state-run... Continue Reading →
(Reuters) - Italy's Saipem (SPMI.MI) said on Thursday it would have financial resources available for less than one year if its plans to raise capital did not go through. The Italian energy services group on Wednesday launched a 2 billion-euro ($2.10 billion) rights issue, which will start on June 27, as it strives to bolster its finances... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44 and the Novo Mercado Regulation, informs its investors and the market in general that the Board of Directors, at a meeting held on June 22, 2022, decided on the organizational restructuring of the Company,... Continue Reading →
Brazil’s state-owned oil and gas giant Petrobras has approved the sale of two assets, located in the Espírito Santo Basin offshore Brazil, to BW Energy, an Oslo Stock Exchange-listed oil and gas E&P company. Earlier this month, Petrobras announced that the divestment process of the maritime concession called Golfinho cluster was still in the binding phase, adding that BW Energy was... Continue Reading →
Offshore drilling contractor Valaris has revealed that one of its drillships has set off towards Angola to embark on its new assignment with an affiliate of the U.S. energy giant, ExxonMobil. Back in October 2021, Valaris won a two-year deal for the drillship VALARIS DS-9 with Esso Exploration Angola, an affiliate of ExxonMobil, for operations offshore Angola. At... Continue Reading →
(Reuters) Ocean Winds, a joint venture between Portugal's main utility EDP with French company Engie, plans to invest 3 billion euros ($3.15 billion) to develop offshore wind projects by 2025, the chief executive of EDP told Reuters on Thursday. The equal partners in the venture are targeting up to 7 gigawatt (GW) of new capacity... Continue Reading →
Brazil Energy Insight 