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French oil company TotalEnergies began drilling the Marolo-1 well in block C-M-541 on the 31st. The activity is being carried out by the Valaris DS-15 drillship, in a water depth of 3,000 meters. Valid for 5 years, the license issued by the Brazilian Institute for the Environment (Ibama) authorized the drilling of two exploratory wells... Continue Reading →
Tech startup Hydro Wind Energy is in the process of developing scaled prototypes of high-altitude kites powered by offshore wind with the goal to ”disrupt global energy and desalination markets”. The technologies for power generation and energy storage, OceanHydro Wind, and water desalination, SubSea RO Wind, are powered by high-altitude, ocean-based kites and vertical axis wind rotors rather... Continue Reading →
Guyana's parliament on Wednesday approved local content rules for oil producers and a sovereign wealth fund to oversee the South American nation's earnings from a budding oil bonanza. International oil producers have discovered 10 billion barrels of oil and gas that promise to transform Guyana's agricultural and mining economy into an oil powerhouse providing billions... Continue Reading →
(PetroleoHoje) Ventura (Petroserv) will secure two new charter contracts with Petrobras in January. The oil company decided to hire the semi-submersible Victoria and the drillship Carolina, offered in the tender for 2,400 m. The rig company won the batch B bidding process, aimed at chartering units without MPD. The rates presented by Ventura were around... Continue Reading →
Using digital transformation to mitigate risks and increase performance of offshore rigs(OE) Floating production storage and offload vessels (FPSOs) are among the largest investment trade-offs an oil and gas producer will make. On the one hand, these immense vessels offer the promise of exponentially increased production and storage flexibility over onshore counterparts. On the other,... Continue Reading →
(OffshoreEnergy) Fortune Business Insights, a market research company, expects the increased number of initiatives to boost production from ageing wells and oil and gas discoveries to drive growth in the global well intervention market. The firm reported on Thursday that the global well intervention market is set to gain traction from the increasing demand for energy and... Continue Reading →
From being an ugly duckling, floating offshore wind is now the Cinderella of the offshore renewables world. Attention is now being paid to floating and even subsea substation concepts to help bring this power to shore. (OE) Over the past year, expectations around the growth in the floating offshore wind development have grown, significantly. Many... Continue Reading →
(OE) As an industry central to global energy supply, many consumers may believe that the oil and gas sector is relatively resistant to fluctuation. However, amid the myriad pressures felt throughout the global economy over the past year and a half, new challenges are arising for oil and gas operators, some of which require a... Continue Reading →
Norwegian seismic player TGS and American IT services company Cognizant have expanded their partnership to build a digital platform for delivering comprehensive data to energy companies. As described, the SaaS-based New Energy Solutions (NES) ecosystem will focus on bringing comprehensive data and insights to energy companies across five segments: carbon storage, geothermal, deep-sea minerals, wind... Continue Reading →
Fortune Business Insights, a market research company, expects the carbon capture and storage (CCS) market to grow to $7 billion by 2028 aided by rising investments in developing new alternatives for curbing the carbon footprint and achieving the energy transition goals and net-zero targets. The company expects the market to exhibit a CAGR of 19.5 per... Continue Reading →
