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(Reuters) - Shares in Siemens Gamesa (SGREN.MC) fell more than 18% on Thursday after the wind turbine maker's second profit warning in less than three months due to spiralling raw materials prices and the cost of delivering its new onshore platform. The warning of a possible loss this year had a knock-on effect on parent Siemens Energy (ENR1n.DE),... Continue Reading →
Japan’s MODEC and Toyo Engineering Corporation (TOYO) are entering into talks to study an alliance for FPSO vessels. MODEC said on Thursday that the two companies have reached an agreement to execute a Memorandum of Understanding (MOU) to enter into discussions and to conduct the Feasibility Study (FS) regarding the alliance in the Engineering, Procurement,... Continue Reading →
Brazilian oil firm PetroRio said Wednesday it had completed the tieback between the Polvo and Tubarão Martelo offshore fields, a move that will slash its operational costs as there would no longer be a need for a chartered FPSO. According to PetroRio, the tieback project between the Polvo-A Platform and the Bravo FPSO was completed... Continue Reading →
(epbr) In June, Petrobras began contracting the FPSO for future deepwater fields in the Sergipe-Alagoas Basin. The company's current business plan foresees investments in the order of R$ 2 billion in the development of reserves. — The information comes from the Production Development director, João Henrique Rittershaussen, who spoke about the business in the E&P... Continue Reading →
Malaysian oil and gas firm Petronas is preparing to start drilling an offshore well in Mexico. According to an exploration report by its Indonesian partner Medco Energi, Petronas is gearing up to drill the Bacalar-1EXP exploration well. Medco is a partner through its subsidiary Ophir Mexico Operations Block 12. The well will cost $4,417,169 in... Continue Reading →
EDP and TechnipFMC, together with research partners, have launched a joint project to develop a conceptual engineering and economic feasibility study for a new offshore system for green hydrogen production from offshore wind power. The goal of the project – called BEHYOND and supported by the Blue Growth Programme of the European Economic Area Financial... Continue Reading →
Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3) informs its shareholders and the market in general that it has signed with Ocyan Drilling S.A. a contract to hire the NORBE VI drilling rig for the Frade Field Revitalization Campaign and the Wahoo Field development. The contract will begin in March 2022 and will enable the... Continue Reading →
Germany-based "cleantech" provider FUELSAVE has signed a contract with offshore drilling company Seadrill to deploy its advanced combustion conditioning technology on Seadrill's drillship. The technology promises to reduce primary fuel oil consumption and cut Co2 and GHG emissions from the rig. Seadrill’s 6th generation West Saturn drillship will be fitted with FUELSAVE’s solution FS MARINE+,... Continue Reading →
Italian energy industry services provider Saipem is set to complete the acquisition of the French Naval Energies' floating wind business. The two companies first announced the agreement on June 4, and now all the necessary conditions for the completion of the deal have been fulfilled. Saipem acquired from Naval Energies the activities in the floating... Continue Reading →
(PetroleoHoje) After extending the charter period for the Petrobras 10.000 drillship, Petrobras extended the contract for the drillship Etesco Takatsugu J with Etesco for another three years. The deadline, which would expire in April 2022, was extended until April 2025. The rig's daily rate during this extension period will be reduced to around US$ 230,000.... Continue Reading →
Brazil Energy Insight 