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(Bloomberg) --Brazil is providing one of the few bright spots for oil demand outside of Asia with the coronavirus continuing to ravage the U.S. and Europe. Fuel consumption in Latin America’s largest economy has already surpassed pre-virus levels and is expected to be stronger than 2019 going into next year on the back of robust... Continue Reading →
French oil major Total has awarded a maintenance contract to energy storage equipment manufacturer and service provider Norco Group for its offshore assets in Angola. Norco Group will support Uninterruptible Power Supply (UPS) systems and standby battery equipment on Total's Angola’s assets in offshore Block 17. This includes the Dalia, Girassol, Pazflor, and CLOV FPSO... Continue Reading →
Danish drilling contractor Maersk Drilling on Wednesday said its Board of Directors had appointed Christine Morris as the new Chief Financial Officer (“CFO”) and member of the Executive Management with effect from January 5, 2021. Morris' appointment comes after the current CFO Jesper Ridder Olsen said in July he'd leave to pursue another opportunity outside... Continue Reading →
Norwegian offshore vessel owner DOF Group has won a contract award from the Brazilian oil giant Petrobras. DOF said on Wednesday that Petrobras had awarded a contract to its Skandi Rio vessel. The AHTS18000 Skandi Rio will support Petrobras’ exploration and production activities on the Brazilian continental shelf. The vessel is owned and operated by... Continue Reading →
Global demand for helicopter transport to offshore facilities plunged in 2020 as a result of the Covid-19 pandemic, a Rystad Energy report shows. According to Rystad’s report from Monday, the helicopter traffic was affected as non-critical maintenance crews were moved to shore and other non-essential operations at offshore facilities were preventatively deferred to reduce the risk... Continue Reading →
Italian oil and gas giant Eni and oilfield services provider Saipem are entering into a collaboration for decarbonization projects in Italy in a push to reduce carbon intensity and achieve CO2 reduction targets. Eni’s CEO, Claudio Descalzi, and Saipem’s CEO, Stefano Cao, on Wednesday signed a Memorandum of Understanding (MoU) to cooperate on the identification and engineering... Continue Reading →
The decisions of Petrobras management, led by the current president Roberto Castello Branco, look like aimless ship. The biggest example of this was the cancellation of the tender, announced on Friday night , 25 days before the submission of proposals. The company decided to stop the development of the infrastructure adaptation project of the Monteiro... Continue Reading →
Wave energy converter developer Bombora and energy services giant TechnipFMC have teamed up to work on a floating offshore wind project, which pairs ocean wave energy with offshore wind. Bombora said Wednesday that under the cooperation in the project - called InSPIRE - the two companies will develop a floating offshore wind foundation incorporating Bombora’s... Continue Reading →
Oil major BP has begun drilling on the Platina field in Block 18 offshore Angola using Valaris’ DS-12 drillship. Angola’s National Oil, Gas, and Biofuels Agency (ANPG) said last week that BP started drilling at the Platina field, a project that has been waiting to start with execution for several years. The initial date for the start... Continue Reading →
The floating wind industry, still in its infancy, is set for a 2000-fold increase in installed capacity by 2050, DNV GL said, however, warning that more comprehensive industry standards and risk management is required for the technology to scale. According to the report by risk management and quality assurance company, the cost of floating wind... Continue Reading →
Brazil Energy Insight 