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May 20, 2020 Chinese demand for oil is almost at the levels last seen before Beijing imposed national isolation to combat the coronavirus outbreak, according to people with knowledge of the country's energy sector operations. China is the second largest consumer of oil in the world, behind the United States, and the country's rapid recovery... Continue Reading →
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil producer. The consequences could be grave for a poor country that relies heavily on oil revenues and is saddled with debts that exceed its... Continue Reading →
Wind turbine maker Siemens Gamesa has unveiled a new SG 14-222 DD offshore Direct Drive wind turbine with 14-megawatt (MW) capacity. The capacity can reach up to 15 MW using the company’s Power Boost function, a 222-meter diameter rotor, 108-meter long blades, and a 39,000 m2 swept area. Continue reading
May 18, 2020 The POSH Xanadu accommodation platform (flotel), which came to operate in support of Petrobras' production activities in the Campos Basin on several occasions, arrived on Friday (15) at the Port of Angra dos Reis to carry out repairs. The vessel's expected stay is approximately 60 days. According to information from the Superintendence... Continue Reading →
May 15, 2020 At the press conference given by Petrobras management, the company's president, Roberto Castello Branco, made a point of stressing the change in the name of the Rio de Janeiro Petrochemical Complex (Comperj), which he refers to as a “graveyard of corruption”. In an attempt to erase the past of scandals involving the... Continue Reading →
Norwegian offshore support and subsea service vessel owners DOF and DOF Subsea have reached stand-still agreements with lenders representing to 93% secured debt of DOF companies. The agreement means all payments of principal and interest to the secured lenders are suspended until 30 June 2020 on certain customary terms and conditions. Continue reading
SBM Offshore, the Netherlands-based FPSO supplier, has shared a video of its Liza Unity FPSO Hull going into the dry dock in Singapore. The hull was ordered on speculation in 2017 as the first of what are now five hulls being built as part of SBM Offshore's Fast4Ward standardized-FPSO-hull program. ExxonMobil then came out as... Continue Reading →
Oilfield services companies have collectively lost almost half of their market capitalization, hit by the combination of the coronavirus pandemic and low oil prices, with offshore drillers, in particular, the most affected, Norway's Rystad Energy has said in its analysis released on Friday. "It is widely acknowledged that the oilfield services sector (OFS) is the... Continue Reading →
The enormous potential that offshore wind energy may be able to offer has been making headlines around the world. In late 2019 the Norwegian energy giant Equinor confirmed that its massive investment in the 88 MW Hywind Tampen Offshore Floating Wind (OFW) farm was going ahead. A few days later the International Energy Agency, IEA,... Continue Reading →
Press Release Swedish floating windfarm developer Hexicon AB announced it has agreed to join forces with the leading South African wind developer Genesis Eco-Energy Developments in order to explore the development of offshore wind. The development programme will be driven via a joint venture company in South Africa that will be named GenesisHexicon (Pty) Ltd.... Continue Reading →
Brazil Energy Insight 