(Reuters) - Deep in the Oman desert lies one of BP's more lucrative projects, a mass of steel pipes and cooling towers that showcases the British energy giant's pioneering natural gas extraction technology. The facility earned BP Plc (BP.L) more than $650 million in profits in 2019, according to financial filings reviewed by Reuters. Yet the oil... Continue Reading →
CGG Extends Seismic Vessel Deal with Shearwater in Brazil
Shearwater GeoServices has won a six-month contract extension with seismic data firm CGG on its Nebula survey offshore Brazil and is nearing completion of work for CGG on its North Viking Graben survey. Shearwater has previously conducted work for the extensive Nebula survey in the Campos and Santos basins and the announced extension will run to the... Continue Reading →
TGS in new 2D seismic survey off Mauritania
TGS has started a new 2D seismic survey in the Mauritania-Senegal-Gambia-Bissau-Conakry (MSGBC) Basin offshore Mauritania. The survey adds to the North-West Africa Atlantic Margin (NWAAM) 2D campaign, the seismic company said. The NWAAM 2021 survey will comprise 7,500 kilometers of seismic data, with a modern broadband acquisition setup. The vessel BGP Pioneer will undertake the survey that... Continue Reading →
Chevron triples low-carbon investment, pledges $10 billion through 2028
(Reuters) - Chevron Corp (CVX.N) said on Tuesday it has tripled its low-carbon investment to $10 billion through 2028, as global oil companies rush to shift away from the fossil fuel due to the mounting pressure from investors and environmentalists. "With the anticipated strong cash generation of our base business, we expect to grow our dividend, buy... Continue Reading →
Baker Hughes, Schlumberger count on clean energy for growth
(Reuters) - Oilfield service firms Schlumberger (SLB.N) and Baker Hughes (BKR.N) are counting on newer energy transition businesses like carbon capture and hydrogen fuel for growth, and expect these clean energy units to rival some of their more traditional units by the next decade, executives said on Wednesday. Schlumberger estimates that global investments for industries moving away from fossil... Continue Reading →
FPSO Firm BW Offshore Bids to Build Offshore Wind Farms in UK
BW Offshore, an Oslo-listed firm best know for its FPSO leasing business in the oil and gas sector, said Wednesday it had, together with U.S. renewable energy and utility company Invenergy, submitted bids to develop up to 5.4 gigawatts of offshore wind as part of the first offshore wind ScotWind leasing round in Scotland, UK. "Together, we... Continue Reading →
Fugro Helping Colombia Unlock Insights About Offshore Energy Assets
The Colombian Maritime Authority (DIMAR) has selected Fugro to carry out a joint environmental and exploration seep study in the Caribbean Sea. The project began in late August and is scheduled to complete in November. According to Fugro, the work will involve the acquisition, analysis and interpretation of seabed sediment samples and heat flow measurements... Continue Reading →
Aquaterra Energy to Deliver Multiple Offshore Platforms for ‘Supermajor’ in Angola
Offshore engineering firm Aquaterra Energy has signed an engineering and design service agreement with an unnamed "supermajor" to deliver multiple offshore platforms over a three-year period. The platforms, of Aquaterra Energy's Sea Swift design, will be destined for off the coast of the Cabinda Province, offshore Angola. "Won through a competitive tender process, Aquaterra Energy... Continue Reading →
World’s First: Siemens Gamesa Makes Recyclable Offshore Wind Turbine Blades
(OE) Wind turbine maker Siemens Gamesa said Tuesday it had made the world’s first recyclable wind turbine blades at its blade factory in Aalborg, Denmark. "Wind power is one of the cornerstones in the quest to tackle the climate emergency. With more than 200 GW of new offshore capacity projected by the Global Wind Energy... Continue Reading →
Subsea 7-OHT link-up gathers executive team
Subsea 7 has revealed the proposed executive team for Seaway 7, the company set to be created by the planned combination of OHT and Subsea 7’s Renewables business unit. Seaway 7 will be managed by an experienced executive team led by Stuart Fitzgerald as chief executive officer (CEO). Current OHT CEO Torgeir E. Ramstad will... Continue Reading →
Brazil Energy Insight 