Brought to you by Quest Offshore & Southern Cone Consultants
(OE) Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector. Guthman most recently served as executive general manager of sales and commercial operations for GE Offshore Wind. During her tenure there, she built the company’s North American sales,... Continue Reading →
Fugro’s revenue for the third quarter of 2023 is €608.9 million, an increase from €480.2 million reported in the same quarter of 2022 – a result said to be due to better contracting conditions, high activity levels and good project execution. Fugro reported that its revenue was up by 32.6% on a currency-comparable basis, by... Continue Reading →
(OW) The US Bureau of Ocean Energy Management (BOEM) has finalized four new wind energy areas (WEAS) in the Gulf of Mexico that could support offshore wind projects with the potential to produce enough renewable energy to power more than three million homes. The four WEAs include Option J, 495,567 acres located approximately 47.2 miles off... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) on Friday posted a $9.1 billion third-quarter profit, about a 54% drop from record earnings a year ago but up from the prior quarter as oil prices recovered. Earnings at the largest U.S. oil producer have benefited from higher crude oil prices compared to the previous quarter and demand for gasoline... Continue Reading →
(Reuters) - Equinor (EQNR.OL) on Friday beat third-quarter profit expectations on strong energy trading and said it had overcome disruptions that hampered oil and gas output, boosting its shares. The Norwegian energy producer lowered its 2023 forecast for oil and natural gas output to 1.5% growth from 3% but said this was caused by extensive maintenance that... Continue Reading →
(OM) Copenhagen Infrastructure Partners (CIP), through its development platform Vineyard Offshore, was awarded 1.3 GW in the latest solicitation for offshore wind power held by the New York State Energy Research and Development Agency. The award allows Vineyard Offshore to commercialize clean and reliable energy through its Excelsior Wind Project located in lease area OCS-A... Continue Reading →
(Reuters) Energy company Repsol's REP.MC adjusted net profit fell 27% year-on-year in the third quarter because of lower oil and gas prices, it said on Thursday, adding it would further diversify into renewables to offset fossil fuel volatility. The company reported an adjusted net profit of 1.1 billion euros ($1.16 billion). That was below the... Continue Reading →
(S&P) General Electric Co. executives said the company's offshore wind business expects to record a roughly $1 billion loss for 2023, though its onshore wind segment turned a profit in the third quarter thanks to a nearly 40% increase in North American equipment orders. "Next year, we expect offshore will have similar losses, but substantially... Continue Reading →
(Reuters) - Halliburton (HAL.N) reported a 32% rise in third-quarter profit on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. Oil and gas companies, who rely on service providers for drilling, well construction and completion services, are reinvesting record profits from the market disruption caused by Russia's invasion of Ukraine to... Continue Reading →
French energy major TotalEnergies said Monday it had partnered with Corio Generation (Corio), an offshore wind developer, and Rise Light & Power (Rise), a New York-based electricity producer, for the joint development of the Attentive Energy offshore wind project off the coast of New York and New Jersey. Corio and Rise took respective stakes of... Continue Reading →
Brazil Energy Insight 