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(Reuters) U.S. private equity firm Apollo Global Management on Monday said it would not proceed with a takeover offer for British oilfield services and engineering firm John Wood Group after tabling an exploratory bid last month. Apollo had until later this week to either submit a formal offer or walk away from talks following its... Continue Reading →
Siemens Energy, which supplies equipment and services to the power sector, posted forecast-beating second-quarter sales and lifted its revenue outlook, as strong demand pushed the firm's order book past the 100 billion euro ($110 billion) mark. Sales in the January-March quarter were up 24% at 8 billion euros, beating the 7.4 billion Refinitiv estimate and... Continue Reading →
Noble Corporation has won contracts with UK-headquartered energy giant Shell and Brazilian state-owned oil and gas giant Petrobras, respectively, for two of its 7th-generation drillships. Shell has contracted Noble Voyager to drill a deepwater exploration well offshore Mauritania. The drillship is currently operating for the energy giant offshore Mexico. The new contract has an estimated... Continue Reading →
(OM) SBM Offshore has ordered the eighth Fast4Ward MPF FPSO hull under its Fast4Ward program. CMHI (China Merchants Heavy Industry Co.) will construct the hull. To date, SBM has delivered six hulls to confirmed field developments and has granted exclusivity for the seventh to ExxonMobil Guyana. In its latest results review, the company provided an... Continue Reading →
Wilson Sons, a leading Brazilian port and maritime logistics company based in Brazil, posted net revenue of R$ 570 million in the first quarter of 2023 (1Q23), 7.8% higher than the same period in 2022 (R$529 million). EBITDA (earnings before interest, taxes, depreciation and amortization) totalled R$239.5 million, in line with the first quarter of... Continue Reading →
(OE) Spanish offshore wind developer Iberdrola said Friday it had installed the first wind turbine at the offshore farm in the bay of Saint-Brieuc, France. The installation of the first of 62 wind turbines for the Saint-Brieuc wind farm was carried out on May 12 by Siemens Gamesa Renewable Energy. This operation was carried out... Continue Reading →
(Reuters) Prysmian, the world's largest cablemaker, said on Thursday its core earnings jumped 48% in the first quarter, beating estimates, as it continued to profit from global trends in energy transition and electrification. However, despite strong quarterly results, the company refrained from upgrading its forecasts for its full-year adjusted earnings before interest, tax, depreciation and... Continue Reading →
(Valor) American fund manager Oaktree entered the dispute for Ocyan, Novonor's (formerly Odebrecht) oil and gas company, Pipeline learned. Oaktree and another American fund, EIG Global Energy Partners, are in the final stages of a non-binding process of evaluating numbers for a purchase proposal. Investors had access to the data room and the deadline for... Continue Reading →
A collaboration between Cambridge Vacuum Engineering (CVE), SSE Renewables, Sif Group, and TWI, has resulted in what is said to be the first-ever electron beam welded section to be incorporated in an offshore wind turbine monopile foundation (transition piece). The resulting monopile is set for installation in the second phase of Dogger Bank Wind Farm,... Continue Reading →
Utah-headquartered Sarcos Technology and Robotics Corporation and Pennsylvania-based VideoRay have signed an agreement to offer integrated underwater robotic systems. Under the agreement, the parties plan on combining VideoRay remotely operated vehicles (ROVs) with the Sarcos Guardian Sea Class robotic system including its dexterous arms. Sarcos and VideoRay will each be able to sell an integrated underwater robotic system, as well... Continue Reading →
Brazil Energy Insight 