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French oil major Total has awarded a maintenance contract to energy storage equipment manufacturer and service provider Norco Group for its offshore assets in Angola. Norco Group will support Uninterruptible Power Supply (UPS) systems and standby battery equipment on Total's Angola’s assets in offshore Block 17. This includes the Dalia, Girassol, Pazflor, and CLOV FPSO... Continue Reading →
London-listed oil and gas company Kosmos Energy has partially completed the previously announced sale of its frontier offshore oil and gas exploration assets to Shell, with the South Africa transaction expected to complete in 2021. Under the agreement first announced in September, Shell agreed to buy Kosmos' interests in Suriname, Sao Tome & Principe and... Continue Reading →
(Reuters) - Mexico’s government is weighing making further reductions to the tax burden on national oil company Petroleos Mexicanos (Pemex) to bring it closer to that of ordinary corporations, a top finance ministry official said on Wednesday. Lower taxes could mark a turning point for ailing Pemex, the country’s largest company and tax payer. Pemex... Continue Reading →
(Reuters) - French oil major Total has acquired a 16.6% stake in a liquefied natural gas (LNG) project in northern Mexico undertaken by U.S. firm Sempra Energy and its local unit Infraestructura Energetica Nova (IEnova), Sempra said on Wednesday. The $2 billion Energia Costa Azul (ECA) LNG facility by the port of Ensenada is one... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 03/09/2020, informs that it has concluded today the sale of 100% of its stakes in four onshore fields, located in the Tucano Basin, in the countryside of the state of Bahia, to Eagle Exploração de Óleo e Gás Ltda (Eagle). After fulfilling all... Continue Reading →
Danish drilling contractor Maersk Drilling on Wednesday said its Board of Directors had appointed Christine Morris as the new Chief Financial Officer (“CFO”) and member of the Executive Management with effect from January 5, 2021. Morris' appointment comes after the current CFO Jesper Ridder Olsen said in July he'd leave to pursue another opportunity outside... Continue Reading →
Norwegian offshore vessel owner DOF Group has won a contract award from the Brazilian oil giant Petrobras. DOF said on Wednesday that Petrobras had awarded a contract to its Skandi Rio vessel. The AHTS18000 Skandi Rio will support Petrobras’ exploration and production activities on the Brazilian continental shelf. The vessel is owned and operated by... Continue Reading →
Global demand for helicopter transport to offshore facilities plunged in 2020 as a result of the Covid-19 pandemic, a Rystad Energy report shows. According to Rystad’s report from Monday, the helicopter traffic was affected as non-critical maintenance crews were moved to shore and other non-essential operations at offshore facilities were preventatively deferred to reduce the risk... Continue Reading →
Italian oil and gas giant Eni and oilfield services provider Saipem are entering into a collaboration for decarbonization projects in Italy in a push to reduce carbon intensity and achieve CO2 reduction targets. Eni’s CEO, Claudio Descalzi, and Saipem’s CEO, Stefano Cao, on Wednesday signed a Memorandum of Understanding (MoU) to cooperate on the identification and engineering... Continue Reading →
This has certainly been an active year for offshore wind, both in the U.S. and globally. Looking at the U.S. in particular, the East Coast is certainly giving cause for real optimism with a clear pipeline of state procurement targets indicating 12 gigawatts installed by 2030 and 29.1 gigawatts total installed by 2035. That means... Continue Reading →
