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Spanish green energy company Iberdrola reported 4.7% net profit growth for the first nine months on Wednesday and said it still expected that metric to rise at a mid to high-single digit rate this year. Boasting more than 32GW of renewable generation capacity in markets including Spain, the United States, Brazil and Britain, Iberdrola is capitalizing on... Continue Reading →
(Reuters) - Brazilian police expanded a long-running corruption probe at state-controlled oil company Petroleo Brasileiro SA based in part on secret recordings made by a former executive of Swiss trading firm Vitol SA, according to court documents released on Tuesday. Police on Tuesday served warrants seeking documents from six people and two companies as part... Continue Reading →
(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that Stork, part of Fluor’s Diversified Services segment, was awarded a new approximately five-year contract under the consortium of CMgP, Consorcio Mantenimiento de Gasoductos del Peru, (Stork Peru S.A.C. and SICIM S.P.A.) by Compañía Operadora de Gas, S.A.C – COGA in Peru. Fluor booked the undisclosed contract value in the... Continue Reading →
Petrobras' operational performance in 3Q20 was very good, considering the challenging scenario imposed by the COVID-19 pandemic. Our oil and gas production in Brazil grew by 9.0% in the first nine months of this year compared to last year. The production of the pre-salt fields increased by 32%, while in the other areas, post-salt, shallow... Continue Reading →
Siemens Energy and Bentley Systems announced the launch of a joint solution to reduce operating expenses associated with oil and gas assets. The service was named “Asset Performance Management for Oil & Gas” (APM4O&G) and combines the main complementary offers from both companies to improve asset performance, eliminate downtime and reduce maintenance costs. APM4O&G combines... Continue Reading →
Floating wind turbines atop the ocean could be the next big renewables market. GTM helps explain the weird and wonderful world of clean energy. Onshore wind turbines can be found everywhere from the tropics to the Arctic. Three decades ago, developers started putting them on fixed foundations out at sea, sparking the rise of the offshore... Continue Reading →
(Reuters) - Brazilian police on Tuesday expanded a long-running corruption investigation known as Car Wash to international contracts mostly for diesel and jet fuel at state-controlled oil company Petroleo Brasileiro SA PETR4.SA, prosecutors said in a statement. Search warrants were issued against six individuals and two businesses related to one of them as part of a... Continue Reading →
3R Petroleum defined between R $ 24.50 and R $ 31.50 the indicative price range for its initial public offering (IPO). Launch is scheduled for November 9. Considering the middle of the range, of R $ 28.00, and the number of 28,571,429 shares of the base offer, the operation may handle R $ 800 million.... Continue Reading →
(Reuters) Venezuelan state oil company Petroleos de Venezuela (PDVSA) plans to offload crude from the Nabarima floating oil facility via ship-to-ship (STS) transfer amid environmental concerns, two people familiar with the matter said on Monday. The Nabarima, part of PDVSA’s Petrosucre joint venture with Italy’s Eni SpA in the Paria Gulf off Venezuela’s eastern coast,... Continue Reading →
The Coronavirus and a surge of available connectivity means take-up of new E&P technologies is stronger than ever, writes Tore Morten Olsen, President, Maritime, Marlink. The oilfield of the future is a concept that was emerging before the Coronavirus overwhelmed the global economy and sent shockwaves through the energy markets. In fact, the disruption of... Continue Reading →
