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Petrobras announced that FPSO Almirante Barroso, installed in the Buzios field, reached its peak production of 150 thousand barrels of oil per day. The result represents another record for Petrobras' list, as the feat was achieved in 146 days (less than five months). The oil company's previous record had been set by FPSO P-76, which... Continue Reading →
(S&P) General Electric Co. executives said the company's offshore wind business expects to record a roughly $1 billion loss for 2023, though its onshore wind segment turned a profit in the third quarter thanks to a nearly 40% increase in North American equipment orders. "Next year, we expect offshore will have similar losses, but substantially... Continue Reading →
(Reuters) - Halliburton (HAL.N) reported a 32% rise in third-quarter profit on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. Oil and gas companies, who rely on service providers for drilling, well construction and completion services, are reinvesting record profits from the market disruption caused by Russia's invasion of Ukraine to... Continue Reading →
Chinese wind turbine manufacturer MingYang Smart Energy has unveiled a new offshore wind turbine model with a rated capacity of 22 MW – the MySE 22MW. The MySE 22MW model would be the most powerful wind turbine in the world and would feature a 310+ metre rotor. Equipped with carbon-fibre blades, the turbine would be... Continue Reading →
(OET) Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, together with Aker, developed and negotiated NOK 9.7 billion (almost... Continue Reading →
Global oceans insights experts Miros, through local partner Belga Marine, has won a significant contract with Brazilian oil major Petrobras to update its existing oil spill detection efforts. As part of the development project, the Miros system will be matured and installed with a cloud-based add-on to the monitoring software currently in use offshore Brazil,... Continue Reading →
(Reuters) The largest oilfield service firm, SLB, is planning a quick return to Venezuela's oilfields following the broad relaxation of U.S. sanctions on the country's oil industry, its chief executive said on Friday. The U.S. on Wednesday lifted most restrictions on Venezuela's oil industry for six months to produce, sell and export oil. The move temporarily... Continue Reading →
(OE) Following the installation of the first wind turbine at the U.S. first commercial-sized offshore wind farm project, Vineyard Wind 1, earlier this week, Dutch offshore technology company Barge Master shared how it contributed to the project. Barge Master said: "The successful first feeder operation was accomplished in partnership with FOSS Offshore Wind, Seaqualize, GE, and... Continue Reading →
(Reuters) - SLB (SLB.N) edged past estimates for quarterly profit on Friday as strength in the overseas drilling market to meet the insatiable global appetite for oil drove demand for its oilfield equipment, offsetting weakness in North America. Oilfield services firms have been kept busy as oil and gas companies reinvest their windfall profit, reaped when Russia... Continue Reading →
Wendy Laursen, Contributing Writer (OE) Energy ecosystems are evolving as the value of offshore power-to-X production is being realized Flexible and delivered in long lengths on reels in a fast-track operation, thermoplastic composite pipeline can transfer up to nine times the amount of energy as a cable and can be used to store hydrogen, increasing the... Continue Reading →
Brazil Energy Insight 