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(Reuters) - Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity. The centre-left government, which has come under fire from environmentalists for continuing to support the oil and gas... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) warned on Wednesday sales and margins this year would be at the low end of its forecast range due to worsening problems at wind turbine division Siemens Gamesa (SGREN.MC), which has been hit hard by supply chain disruptions. Shares in the company, which was spun off from Siemens (SIEGn.DE) in 2020, fell as much as... Continue Reading →
French offshore seismic data services company CGG said Wednesday that it had recently signed an expanded five-year licensing agreement with the Brazilian oil company Petrobras for Geovation seismic processing and imaging software. CGG said the deal would give Petrobras geoscientists access to advanced technology innovations, including full-waveform inversion (FWI), and significantly enhance their imaging capabilities.... Continue Reading →
TotalEnergies, the French oil major with growing renewables aspirations, on Tuesday confirmed the start of the construction of the 30MW Eolmed floating wind project in the Mediterranean Sea, off France. The project, in which TotalEnergies has a 20% stake, is operated by Qair. The news comes days after BW Ideol, another partner in the project, said... Continue Reading →
Strohm, the developer of Thermoplastic Composite Pipe (TCP), has signed a memorandum of understanding (MoU) with French renewable hydrogen supplier Lhyfe, to collaborate on the transportation solution for hydrogen produced from a floating wind turbine to be integrated with a hydrogen production system. The partners said that they would collaborate on solutions for hydrogen transport, both onshore... Continue Reading →
A new way of thinking about technology and doing business with service providers has enabled Petrobras to increase the efficiency and rate of penetration of its drill bits, a Petrobras official said at OTC on Monday. Along the way, Petrobras official Adriano Gouveia Lima Gomes dos Passos said that his company worked with its suppliers to... Continue Reading →
Saipem has revealed a new, sustainable subsea pipelaying method which allows forming vertical cold bends in the pipeline in a strictly controlled way and directly underwater by means of a specially designed remotely operated underwater bending machine. The Underwater Cold Bending technology is said to allow a considerable reduction of environmental impacts on the seabed.... Continue Reading →
(Reuters) - Wind turbine makers racked up hefty losses last quarter, swelled by rocketing costs and cut-throat competition despite being more in demand than ever. The industry started seeing a steep decline in prices and increased competition back in 2017 as some governments moved away from generous, fixed, subsidised tariffs for power toward an auction-based... Continue Reading →
Petrobras will invest US$ 16 billion in the Campos Basin renovation plan, with plans to install three new platforms and connect more than 100 wells in the area over the next five years. With more than 40 years of history and two awards received by the Offshore Technology Conferece (OTC) for technological advances in the... Continue Reading →
(OE) U.S.-based international energy services and technology firm Baker Hughes has launched a new subsea wellhead technology, the MS-2 Annulus Seal. According to Baker Hughes, the seal can save substantial operational rig costs by helping lower overall wellhead installation costs due to reduced rig trips. "The new integrated sealing solution, globally launched and exhibited at... Continue Reading →
Brazil Energy Insight 