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French oil major Total has withdraw from the U.S. oil and gas industry association American Petroleum Institute (API), over the differing climate positions, as well as over API's support for candidates who oppose Paris Agreement. " Following a detailed analysis of the climate positions of the American Petroleum Institute (API), Total announces its decision not... Continue Reading →
Seabed seismic player Magseis Fairfield said it has wrapped up acquisition project offshore Mexico. This marked the end of the first ever deepwater ocean bottom node (OBN) survey acquired in Mexico. Magseis Fairfield announced this project for an undisclosed client end-March last year. The work kicked off in the third quarter of 2020. Back then,... Continue Reading →
Oceaneering’s Subsea Robotics segment has won multiple contracts during the fourth quarter of 2020, with anticipated aggregate revenue in excess of $225 million. These contracts are with international oil and gas operators and marine construction companies, and range in duration from several months to five years. The work scopes are primarily for remotely operated vehicle (ROV)... Continue Reading →
Floating Power Plant (FPP) and partners Lundin Energy Norway, NOV-APL, Semco Maritime, Cefront Technologies and Aalborg University have completed a project aimed at using floating wind and wave power to support an offshore oil and gas facility. According to FPP, the project shows that using renewable energy can help the oil and gas industry reduce... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on September 29, 2020, informs the beginning of the binding phase regarding the sale of the totality of its stakes in a set of four onshore field concessions, with integrated facilities, jointly named North Capixaba Cluster, located in the state of Espírito Santo.... Continue Reading →
Aggregate fossil fuel demand is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of COVID-19, according to new research by leading global consultancy, McKinsey & Company. The Global Energy Perspective 2021 report finds that while coal demand peaked already, peaks in demand... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that it will release its 4Q20 production and sales report on February 2, 2020 and its 4Q20 financial performance report on February 24, 2020, after the markets close. On February 25, 2020 two webcasts will be held, the first in Portuguese and the second in English, to present the company's... Continue Reading →
Siemens Gamesa and Siemens Energy have this week announced they'd work together on wind-to-hydrogen projects to help decarbonize the economy "to solve the climate crisis." The companies said they were contributing with their developments to an innovative solution that fully integrates an electrolyzer into an offshore wind turbine as a single synchronized system to directly... Continue Reading →
Oil and gas giant Shell has agreed to farm into the CAN 100 block, offshore Argentina, currently jointly owned by the Norwegian energy firm Equinor and Argentina's YPF. In October 2019, Equinor farmed into the YPF CAN 100 block and agreed to take over the operatorship. Equinor and YPF have agreed with Shell to jointly farm-down 30%... Continue Reading →
Norwegian energy company Equinor said it has been selected to provide New York State with offshore wind power in one of the United States' largest renewable energy procurements to date. Under the award, Equinor and partner BP will provide 1,260 megawatts (MW) of renewable offshore wind power from Empire Wind 2, and another 1,230 MW... Continue Reading →
