Norwegian company Odfjell Oceanwind, which describes itself as the mobile offshore wind pioneer, has entered into a non-binding Memorandum of Understanding with Siemens Gamesa and Siemens Energy. Under the MoU Odfjell Oceanwind intends to use Siemens Gamesa and Siemens Energy technologies for its Mobile Offshore Wind Units (MOWUs). Odfjell Oceanwind is working to develop floating... Continue Reading →
Spain’s Acciona seeks $11.6 bln valuation with renewables IPO
(Reuters) - Spain's Acciona (ANA.MC) said on Thursday it was targeting a valuation of up to 9.8 billion euros ($11.66 billion) for its energy business following the listing of up to 25% of this unit, in what is set to be one of the biggest in a record year so far for listings in Europe. The deal... Continue Reading →
Mitsubishi Power Ships JAC Gas Turbine to Brazil: Marlim Azul Project
Will Be the Most Fuel-efficient Gas Turbine Power Plant in South America (BUSINESS WIRE)--Mitsubishi Power Americas, Inc. has shipped an M501JAC gas turbine to Marlim Azul Energia’s power plant in Macaé, Rio de Janeiro, which will become the most fuel-efficient power plant in South America when it begins operation in January 2023. The plant was the winning... Continue Reading →
Petrobras on agrarian demand in Bolivia
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/28/2021, informs that its wholly-owned subsidiary Petrobras Bolivia S.A. (PEB) was notified today of a decision by the Agro-environmental Court of the city of Sucre that annulled a first instance sentence that required PEB to pay US$ 61 million, plus interest and costs,... Continue Reading →
PETRORIO CLOSING OF THE ACQUISITION OF INTERESTS IN WAHOO AND ITAIPU FIELDS
Petro Rio S.A. ("Company" or "PetroRio") (B3: PRIO3), in accordance with art. 26 of the Novo Mercado Regulation, and in addition to the Material Fact of November 19, 2020, informs its shareholders that the country’s National Petroleum, Gas and Biofuels Agency (“ANP”) has approved the purchase of 35.7% in the BM-C-30 Block (“Wahoo” or “Wahoo... Continue Reading →
Wintershall Dea IPO to Be Delayed
Chemicals group BASF put the planned stock market listing of its Wintershall Dea business on hold on Wednesday until further notice, saying the market was underestimating the value of oil and gas companies. BASF and co-owner LetterOne will postpone the Initial Public Offering (IPO), previously slated for the second half of 2021, to a later point in... Continue Reading →
Equinor awards offshore Brazil EPCI contract to Subsea Integration Alliance
(WO) Schlumberger announced an award to Subsea Integration Alliance of a large contract by Equinor on its Bacalhau project offshore Brazil. The contract scope covers the engineering, procurement, construction and installation of the subsea production systems (SPS) and subsea pipelines (SURF). The development will include 19 trees as well as associated subsea equipment including subsea... Continue Reading →
Chevron Hires Shelf Drilling Jack-up Rig for Angola Drilling
Jack-up drilling contractor Shelf Drilling has been awarded a one-year contract for the Shelf Drilling Tenacious jack-up rig with Chevron's Angola subsidiary Cabinda Gulf Oil Company. The contract in Angola is expected to start in January 2022, and, according to the offshore drilling rig owner, includes multiple option periods.David Mullen, Chief Executive Officer, Shelf Drilling,... Continue Reading →
UTC: The Race to the Lowest Emission Barrel
Operators have called for greater certification and ‘provenance’ of oil and gas production and encourage competition when it comes to lowest emission barrels as they position their businesses to align with the energy transition. Speaking at the Underwater Technology Conference (UTC) Wednesday (June 16), Arne Sigve Nylund, EVP for Technology, Projects and Drilling at Equinor, said... Continue Reading →
FPSO CIDADE DE SÃO VICENTE TO LEAVE BRAZIL
The FPSO Cidade de São Vicente will leave Brazil possibly in July. After trying unsuccessfully to negotiate a new contract in the country, BW Offshore will take the production unit abroad. The likely destination is Asia. The decision to withdraw the FPSO from Brazil was taken recently by BW Offshore, after negotiations with Trident and... Continue Reading →