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(OE) Italian offshore energy services firm Saipem has secured new offshore contracts in Middle East and Guyana, worth approximately $720 million. The first contract encompasses the engineering, procurement, construction and installation (EPCI) activities for the repair of damaged subsea pipelines for a major client in Middle East. The duration of the project is expected to... Continue Reading →
(Reuters) - Brazil's Petrobras is looking at an auction that will contract energy from batteries for the country's electric sector "as a possibility" for the company to develop business in the area, an executive at the state-run oil firm said on Tuesday. According to Battery and New Technologies manager Clarissa Palu, Petrobras has started to look... Continue Reading →
(PN) GeoPark announced a reorganization of its portfolio, with repercussions on its operations in Brazil. The company revealed that it will sell certain “non-core” assets, as well as implement cost reduction initiatives to strengthen its position aiming at profitable, reliable and sustainable growth in the long term. One of the points of the reorganization involves... Continue Reading →
(PN) Petrobras released the bidding notice earlier this week and the competition for the platform contract has eight pre-qualified competitors: Modec, Shapoorji, Yinson, MISC, BW Offshore, SBM Offshore, MISC, Ocyan and Altera (the latter two companies, as is known, work in partnership in the Altera & Ocyan joint venture). The opening of the envelopes with... Continue Reading →
(OE) Nexif Ratch Energy has been granted Pre-Development Environmental Compliance Certificate (Pre-Dev ECC) for its 500MW San Miguel Bay offshore wind project in the Philippines. The certificate was granted by the Philippines’ Department of Environment and Natural Resources (DENR) in accordance with its administrative order and the Philippine Environmental Impact Statement System (PEISS). The Pre-Dev... Continue Reading →
(OE) Danish turbine maker Vestas has secured a firm order for 68 of its 15 MW-rated offshore wind turbines for Vattenfall’s Nordlicht 1 offshore wind project. The agreement is for the supply, installation, and commissioning of the turbines V236-15.0 MW. The scope of the contract includes a comprehensive five-year service and warranty agreement followed by... Continue Reading →
(PN) PRIO announces the drilling of the company's first greenfield project, the Wahoo field, in the Campos Basin. The announcement was made by the company's president, Roberto Monteiro, on his LinkedIn profile. "The project, which began this month, is a milestone in our strategy of developing mature fields through subsea connections (tiebacks) and reflects the... Continue Reading →
(OE) Global energy technology company SLB has secured a major drilling contract by Australian oil and gas operator Woodside Energy for its ultra-deepwater Trion development project, offshore Mexico. SLB will oversee the delivery of 18 ultra-deepwater wells using an integrated services approach and AI-enabled drilling capabilities to improve operational efficiency and well quality. The full... Continue Reading →
(Reuters) The Dutch government is looking to reintroduce subsidies in its tenders for offshore wind farms, as prospective bidders are backing out of the current "zero subsidy" model. The Netherlands has managed to attract builders for its offshore wind farms without offering subsidies on electricity prices since 2017, but interest has waned due to rising... Continue Reading →
(Reuters)'U.S. authorities have notified Spanish oil company Repsol that its license to export oil from Venezuela is to be revoked, a company spokesperson said on Monday, while Spain's foreign minister promised to defend Repsol's interests. President Donald Trump's administration told Repsol it had until May 27 to wind down its operations in the Southern American... Continue Reading →
Brazil Energy Insight 