With new orders of €13 billion in the bag, Prysmian pinpoints energy transition and electrification as growth drivers

(OET) Italy-headquartered cabling giant Prysmian Group has revealed strong results for the first nine months of 2023, with new orders year-to-date amounting to approximately €13 billion, including projects for which the Italian player has been selected as the preferred bidder. This was driven by energy transition and electrification, which are expected to remain long-term growth... Continue Reading →

November 10, 2023 0

Well results showcase potential for standalone shallow oil development off Guyana

Two oil and gas players – Canada’s CGX Energy and Frontera Energy – have revealed the well results for a discovery in the Corentyne block offshore Guyana, which serve to further highlight the potential for a standalone shallow oil resource development across the block. According to CGX and Frontera, a total of 114 feet (35 meters)... Continue Reading →

November 10, 2023 0

Siemens Energy secures provisional deal for guarantees – sources

(Reuters) - The German government, Siemens AG (SIEGn.DE) and other parties involved in talks to cover billions of euros in project-related guarantees for Siemens Energy (ENR1n.DE), have agreed a deal in principle, three people familiar with the matter said. Siemens Energy makes gas and wind turbines as well as large converter stations, vital energy equipment for the country's... Continue Reading →

November 10, 2023 0

FPSO Liza Unity Purchase by ExxonMobil Completed

SBM Offshore and ExxonMobil Guyana Limited, an affiliate of ExxonMobil Corporation, have completed the transaction related to the purchase of FPSO Liza Unity, a few months ahead of the end of the maximum lease term, in February 2024. The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to... Continue Reading →

November 9, 2023 0

Dril-Quip expandable liner hanger fitted in deepwater Brazil well

(OM) Dril-Quip has installed its first 18-inch by 22-inch XPAK-De expandable liner hanger in a deepwater Santos Basin presalt exploration well. Petrobras operates the well for the Sagitario location, in partnership with Repsol Sinopec Brasil and Shell. Dril-Quip describes its XPAK-De range as premium liner hangers that can provide technical ratings beyond those of the liner pipe... Continue Reading →

November 9, 2023 0

SBM Offshore Upgrades Annual Revenue, Profit Outlook after ExxonMobil FPSO Sale

(Reuters) Dutch oil and gas services company SBM Offshore on Thursday upgraded its full-year revenue and core profit targets after ExxonMobil exercised its purchase option for a project in Guyana. The Amsterdam-based company now aims for a directional revenue of $4.4 billion for 2023, against a previous forecast of above $2.9 billion, and earnings before... Continue Reading →

November 9, 2023 0

Siemens Energy sees electrolyser sales topping 1 billion euros mid-term

(Reuters) - Siemens Energy (ENR1n.DE) expects more than 1 billion euros ($1.1 billion) in revenues over the medium-term from its hydrogen electrolyser manufacturing business, one of the company's board members said on Wednesday. Electrolysers can use renewable energy to separate hydrogen from water, and the hydrogen can then be used as a alternative to fossil fuels in... Continue Reading →

November 8, 2023 0

Vestas Q3 Beats Forecast on Higher Turbine Prices, Easing Bottlenecks

(Reuters) Danish wind turbine maker Vestas on Wednesday reported third-quarter operating profits and revenue above expectations, reflecting an easing of supply chain disruptions and higher prices for turbines, boosting its shares 9% in early trade. The world's leading turbine maker has since the pandemic faced supply chain issues and higher raw material prices, which have... Continue Reading →

November 8, 2023 0

Valaris anticipates ‘meaningfully’ higher profits in next two years, as rig market tightens further

(OET) Offshore drilling contractor Valaris has recorded a strong operational and financial performance during the third quarter of 2023, thanks to a rise in rig demand and day rates. The rig owner’s outlook for the offshore drilling market over the next two years remains bullish with further improvements in fleet utilization and day rates on... Continue Reading →

November 7, 2023 0

CPP Investments Sells Stake in Two German Offshore Wind Farms to Enbridge

(OW) Canada Pension Plan Investment Board (CPP Investments), through its wholly-owned subsidiary CPPIB Renewables Europe S.à r.l, has agreed to sell its 24.5 per cent stake in two German offshore wind farms to a wholly-owned subsidiary of Enbridge. Under the transaction, CPP Investments will sell its stake in Hohe See and Albatros offshore wind farms,... Continue Reading →

November 6, 2023 0

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With new orders of €13 billion in the bag, Prysmian pinpoints energy transition and electrification as growth drivers

Well results showcase potential for standalone shallow oil development off Guyana

Siemens Energy secures provisional deal for guarantees – sources

FPSO Liza Unity Purchase by ExxonMobil Completed

Dril-Quip expandable liner hanger fitted in deepwater Brazil well

SBM Offshore Upgrades Annual Revenue, Profit Outlook after ExxonMobil FPSO Sale

Siemens Energy sees electrolyser sales topping 1 billion euros mid-term

Vestas Q3 Beats Forecast on Higher Turbine Prices, Easing Bottlenecks

Valaris anticipates ‘meaningfully’ higher profits in next two years, as rig market tightens further

CPP Investments Sells Stake in Two German Offshore Wind Farms to Enbridge

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