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Norwegian offshore vessel owner DOF has won a contract with the Petrobras-led Libra consortium to provide a multi-purpose support vessel for work at the Mero offshore oil field in Brazil. The Libra Consortium is led by Petrobras - with a 40% interest - in partnership with Shell Brasil (20%) ; Total (20%), CNODC (10%) and CNOOC... Continue Reading →
2020 set the stage for a profound transformation in the oil and gas industry. The oil and gas industry was already facing a challenging transition process as economies move toward a low-carbon future; however, surviving and prospering in a low-oil-price and high-risk environment is an even greater and more urgent challenge. Producers with relatively high-cost... Continue Reading →
A strengthening Hurricane Delta dealt the greatest blow to U.S. offshore Gulf of Mexico production in 15 years, halting most of the region's oil and nearly two-thirds of its natural gas output. An already large and powerful storm, Delta could intensify further on Friday as it churns through the Gulf's prime oil-producing area. Its winds... Continue Reading →
(Reuters) - Brazil has had a boom in oil and gas auctions since 2017, before the pandemic postponed new bids, but the first wells drilled by the winners of these disputes have disappointed, which sparks alerts for the government in relation to the next rounds, Wood Mackenzie analysts told Reuters. The initial results considered "disappointing"... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on July 21 and 29 and August 26, 2020, hereby informs that a judicial decision was issued at the end of yesterday, October 8, determining the continuity of the arbitration instituted by Fundação Petrobras de Seguridade Pessoal (Petros) and Caixa de Previdência dos Funcionários... Continue Reading →
Offshore engineering and installation firm McDermott has teamed up with electrical equipment giant Schneider Electric, and io consulting - a Baker Hughes company - to design carbon-neutral facilities for the upstream oil and natural gas market. The trio plans to jointly explore and develop a proof of concept based on an offshore platform reference case,... Continue Reading →
Singapore's Keppel Offshore & Marine Ltd (Keppel O&M) said Friday it had secured a contract valued at approximately S$600 million (USD 442 million) in the offshore renewable energy industry. Sharing the news on Friday, Keppel gave little details on the client and the type of order. It said that the contract was with "an energy... Continue Reading →
A floating offshore wind supply chain group has been formed in Scotland, as a subgroup of the Scottish DeepWind supply chain cluster, looking to ensure that the local firms benefit from the nascent but growing floating offshore wind industry. "Scotland is currently the world leader in the deployment of floating offshore wind with the Hywind... Continue Reading →
Leveraged by the pre-salt, Brazil was the fifth country that most increased oil production between 2011 and 2019, in the world. One of the main highlights of oil geopolitics in the decade of 2010, the expectation is that Brazil's relevance in the global market will increase even more in the coming decades. Valor’s Survey, based... Continue Reading →
Offshore Floating Wind is a sizeable global opportunity ramping-up for commercialization across six to ten distinct markets. Floating Wind Solutions 2021 announces our Advisory Board of experts in all fields involved in Floating Wind and related Supply Chains. The primary role of the FWS Advisory Board is to offer their insight and expertise to create... Continue Reading →
