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(PEN) In a year with a record number of new contracts and solid results, the Brazilian CBO Group advanced in ESG (Environmental, Social and Corporate Governance) practices and published its first Sustainability Report, 2021 version. , investment in energy efficiency actions and the waste reduction results promoted by the Visão Verde Program. The maritime support... Continue Reading →
(Reuters) - High ethanol and sugar prices have investors looking into merger deals in Brazil, where a lot of idle biofuel capacity could be put to work to help boost tight global fuel and food supplies. "Brazil is the Saudi Arabia of sugarcane, there is inexpensive unused capacity. That is the investor dream," said Craig... Continue Reading →
(OE) Marine seismic player Shearwater GeoServices on Wednesday announced the launch of Pearl, “a significant advance in ocean bottom nodal technology with several industry-first innovations.” According to Shearwater, the Pearl node offers a new standard for time and cost efficiency which expands the potential ocean bottom seismic market, enabling solutions to geoscience challenges that were... Continue Reading →
Forum Energy Technologies (FET) has delivered two work-class remotely operated vehicle (ROV) sales to Brazilian marine engineering company Oceanica to support its deepwater intervention operations. The systems were built at FET’s UK facility at Kirkbymoorside, North Yorkshire, and delivered in the first half of 2022. "FET supplied two Perry XLX-C work-class ROV systems, both... Continue Reading →
(Y!F) With billions of people staying at home and the global economy shrinking, oil demand dropped significantly amid the coronavirus pandemic. Oil markets had been in turmoil and producers throughout the world encountered more challenges than ever. However, two years after the pandemic-driven epic oil price crash, optimism is back in the sector, with the... Continue Reading →
U.S. manufacturer of drilling and production equipment Dril-Quip has set its decarbonization targets, aiming to reduce its combined Scope 1 and Scope 2 emissions by more than 50% by 2030. Dril-Quip’s decarbonization actions include switching to renewable electricity at certain manufacturing sites, rightsizing facilities, investing in infrastructure to reduce emissions, reducing its vehicle fleet and evaluating... Continue Reading →
(OE) The Timken Company said Monday it was designing and supplying main shaft bearings for GE Renewable Energy's Haliade-X, the world's most powerful offshore wind turbine. Each Haliade-X turbine will have a capacity of up to 14 MW and be able to generate up to 74 GWh of clean energy a year. Initial Haliade-X installations are... Continue Reading →
DeepOcean has reported a revenue of $499.4 million for 2021, an increase of 42% from the $352.5 million in 2020, said to be driven by structural changes that the company undertook to strengthen and drive its diversification strategy. DeepOcean secured an order intake of $542 million in 2021 and had an accounting order backlog of... Continue Reading →
Offshore accommodation provider Floatel International has secured a contract extension with Equinor for a unit operating offshore Brazil, which will later on move to the Gulf of Mexico to work for Chevron. Floatel informed last Friday that Equinor had extended the contract for Floatel Victory to provide Maintenance and Safety Unit (MSU) services alongside Peregrino floating production storage and... Continue Reading →
(Reuters) - Argentina has launched a tender process to build a new gas pipeline out of its huge Vaca Muerta shale formation that is expected to increase current transport capacity by 25%, the government said late on Friday. Companies have until July 8 to submit bids, according to a publication in Argentina's official gazette. The... Continue Reading →
Brazil Energy Insight 