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(OET) In the aftermath of COP27, which took place against the backdrop of the first true global energy crisis, many argued that little progress was made on the phasing out of fossil fuels. This was justified by the need to strengthen energy security, protect consumers at the pump, and avoid a global recession. In light... Continue Reading →
(Reuters) - Construction is set to begin on one of Australia's biggest wind farms after its developers secured funding in a unique deal for the A$2 billion ($1.3 billion) first stage of the project after years of delays. The first stage of the Golden Plains project, being developed by privately owned TagEnergy, involves a 756-megawatt... Continue Reading →
(OE) Australian oil and gas company Woodside on Tuesday announced the completion of the construction phase for the floating production storage and offloading (FPSO) facility which will be deployed at the Sangomar field offshore Senegal. This will be Senegal's first offshore oil production unit. MODEC, Inc. was awarded the contract to supply the FPSO by... Continue Reading →
(OE) MunmuBaram, a joint venture between Shell and Swedish floating wind technology developer Hexicon Hexicon, has named the wind turbine maker Vestas as the preferred turbine supplier for the 1.3 GW MunmuBaram floating offshore wind project in South Korea. If the project materializes, Vestas will supply and install 84 units of the V236-15.0 MW turbine... Continue Reading →
(Reuters) - The chief executive of Brazil's Braskem SA , Roberto Simoes, is set to leave the petrochemical producer on Jan. 1, 2023, three years after taking office, the company said on Monday. Controlling shareholder Novonor has tapped Roberto Bischoff as the firm's new CEO, Braskem added in a securities filing, noting that his nomination... Continue Reading →
(OET) Offshore accommodation provider Prosafe has been selected as the winning bidder for a 650-day firm period contract for Petrobras’ tender in Brazil. This announcement comes after the firm disclosed in October 2022 that it had submitted the most competitive offer in this bidding process. Prosafe explained last Friday that the final contract award and the start of... Continue Reading →
(OED) Oil and gas company TotalEnergies has completed drilling the Awari exploration well offshore Suriname without encountering commercial hydrocarbon volumes. The news was shared Monday by APA Corporation, TotalEnergies' partner in Block 58, where the well was drilled. APA holds 50% working interest, while TotalEnergies is the operator on the block with a 50% working interest.... Continue Reading →
(RZ) Deepwater production is set to increase by over 60% between 2022 and 2030, growing from 6% to 8% of overall upstream production. Ultra-deepwater production – from depths of 5,000 feet and above is growing fastest – by 2024 it will account for more than half of all deepwater production. Deepwater is the fastest-growing upstream... Continue Reading →
(OWB) The first nacelle for a 16 MW offshore wind turbine jointly developed by China Three Gorges Corporation and Goldwind Technology has rolled off the production line at Fujian Three Gorges Offshore Wind Power International Industrial Park in China. According to China Three Gorges, the unit has the largest single capacity, the largest rotor diameter,... Continue Reading →
(TN) The FPSO Anna Nery left the BrasFELS shipyard, in the city of Angra dos Reis (RJ), and headed for its final destination, the Marlim field, in the Campos Basin. The vessel has the capacity to produce up to 70,000 barrels of oil per day and process up to 4 million m³ of gas per... Continue Reading →
