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(OE) DEME has been awarded a contract, worth up to $52 million, for the construction of an offshore wind terminal in the Port of Cuxhaven in Germany. The terminal will boost Cuxhaven’s position as a key offshore industrial hub to support the handling of heavy-duty loads, particularly components for offshore wind farms. Operated by Niedersachsen... Continue Reading →
(Reuters) - Argentina's massive Vaca Muerta shale formation produced a record 400,000 barrels per day (bpd) of oil in the third quarter, consultancy Rystad said on Friday. The figure is a 35% year-on-year surge in production thanks to improved productivity and evacuation capacity, putting the formation on track to hit its target of 1 million... Continue Reading →
(Reuters) - Guyana has received preliminary approval from the U.S. Export-Import Bank for a more than $500 million loan guarantee to support a natural-gas fired power project and gas processing facility, a government official said on Thursday. Construction of the about $2 billion gas-to-energy project is underway. A gas pipeline is installed, but the first... Continue Reading →
(Reuters) - Spanish oil company Repsol (REP.MC), opens new tab has agreed to sell oil and gas production assets in Colombia to Geopark (GPRK.N), opens new tab for $530 million, the two companies said on Friday. The assets include Repsol's oil extraction operation in central Colombia and a 25% stake in SierraCol Energia Arauca, the Spanish company said in... Continue Reading →
(Reuters) - Mexican President Claudia Sheinbaum said on Thursday that the debt burden accumulated by state energy company Pemex with suppliers would be reviewed and various payment mechanisms are being studied and refined. Despite efforts to reduce debt under Sheinbaum's predecessor Andres Manuel Lopez Obrador, the company remains one of the world's most indebted energy... Continue Reading →
(OE) Seatrium and the Technology Centre for Offshore & Marine, Singapore (TCOMS) have expanded the research agreement to explore cyber-physical modelling capabilities for predicting the behavior of floating production storage and offloading (FPSO) platforms in high sea states. Seatrium and TCOMS have expanded Master Research Collaboration Agreement (MRCA) signed in April 2023, to advance methodologies... Continue Reading →
This is an eyeopener.... Article by Toussaint Williams - Plugged Into US Offshore Wind November 26, 2024 Donald Trump’s views on wind energy are well known — and not exactly favorable. He has criticized offshore wind as “horrible” and “the most expensive energy there is,” claiming it “destroys everything” and blaming turbines for killing birds and whales.... Continue Reading →
(OE) Vestas has received a firm order for RWE’s 900 MW Nordseecluster B offshore wind project in Germany. The order includes 60 V236-15.0 MW wind turbines and Vestas is responsible for the supply, delivery, and commissioning of the turbines. Upon completion, Vestas will also service the asset under a five-year service agreement followed by a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the announcement made on November 16, 2023, informs that it has signed today a Heads of Agreement (HoA) with the Danish company European Energy. This agreement is an important step in negotiations to structure a business partnership aimed at implementing a commercial-scale e-methanol plant in Brazil, to... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it has started the teaser stage for the transfer of its 25% minority stake in the Tartaruga Field, located in the town of Pirambu-SE, in shallow waters of the Sergipe-Alagoas Basin, operated by SPE Tiêta (Petrorecôncavo). The teaser, which contains the main information about the opportunity and the... Continue Reading →
Brazil Energy Insight 