Norwegian player bolsters design and engineering across maritime & offshore energy arenas with Brazilian firm buy

(offshore-energy.biz) Oslo-listed energy, marine, and engineering consultancy ABL Group has enlarged its capabilities in the engineering and design segments of the maritime and offshore energy landscape by bringing Proper Marine, a Brazil-based naval architecture and engineering consultancy, into its fold, which enables the latter to merge with the Norwegian company’s design and engineering arm known... Continue Reading →

January 14, 2025 0

New Offshore Wind Project Enters Federal Permitting in US

(offshoreWIND.biz) The US Bureau of Ocean Energy Management (BOEM) will initiate an environmental review of the Vineyard Mid-Atlantic offshore wind lease area, located offshore New York and New Jersey and owned by Vineyard Offshore (Copenhagen Infrastructure Partners), which plans to build its Excelsior Wind project there. The Vineyard Mid-Atlantic area is in one of the... Continue Reading →

January 14, 2025 0

JDR supports cutting-edge IceCube neutrino research in Antarctica’s extremes

JDR Cables, the global subsea cable supplier and service provider, part of the TFKable Group, has secured a landmark contract from Michigan State University to supply and coordinate the delivery of custom-engineered cables for an upgrade to the IceCube Neutrino Observatory, an advanced international research project in Antarctica dedicated to studying subatomic particles called neutrinos.... Continue Reading →

January 14, 2025 0

BP warns of fourth-quarter profit hit, postpones capital markets day

(Reuters) - BP warned on Tuesday that its fourth-quarter results will be hit by weaker oil and gas production, refining margins and trading, while also delaying a highly-anticipated investor day due to a medical procedure undergone by CEO Murray Auchincloss. The British company said Auchincloss will be back in the office in February after undergoing a... Continue Reading →

January 14, 2025 0

Peru’s niche Bretaña crude oil gains popularity in US

(Reuters) - Peru's niche Bretaña crude oil is gaining popularity in the United States, with the first cargo discharging in the U.S. Gulf Coast this month as U.S. refiners seek alternatives for declining Mexican heavy crude. Bretaña, a rare heavy sweet crude with minimal metals, is produced in the Peruvian side of the Amazon rainforest.... Continue Reading →

January 14, 2025 0

Yinson Production Scoops $1B Investment to Upscale FPSO Business

(OE) Yinson Production has entered into a definitive agreement with a consortium of global investment firms to raise pre-IPO growth capital of $1 billion to support further growth. The $1 billion pre-IPO consists of redeemable convertible preferred shares and 10% warrants, with the option to upsize to $1.5 billion within 24 months. The transaction is... Continue Reading →

January 14, 2025 0

SMD and Beam Go Deeper for AI-Driven Autonomous Offshore Wind Inspections

(OE) High-tech offshore wind services provider Beam has bought Quantum EV remotely operated vehicle (ROV) from SMD, setting out plans to equip it with an artificial intelligence (AI)-driven system to improve its operational scope and offshore wind farm servicing. Beam’s SubSLAM system, running on Pathfinder software, will be added to the ROV, enabling AI-driven autonomous... Continue Reading →

January 13, 2025 0

Guyana Yellowtail project is 95% completed – John Hess

(oilnow.gy) Guyana’s fourth Stabroek Block development, Yellowtail, is approximately 95% complete, according to an update from Hess’s Chief Executive Officer, John Hess. “A sail out of Yellowtail – which is a 250,000 barrel a day FPSO [floating, production, storage and offloading vessel] will be at the end of March. Should get in Guyanese waters in... Continue Reading →

January 13, 2025 0

Petrobras clarifies contracts with Unigel

Petróleo Brasileiro S.A. – Petrobras, following up on communication of June 6, 2024, with the objective of reaching a definitive, profitable and viable solution for the supply of fertilizers to the Brazilian market, informs that, under a Confidentiality Agreement signed on 10/21/2024, it is still under analysis with Unigel in relation to the contracts associated... Continue Reading →

January 13, 2025 0

DNV Approves Hanwha Ocean’s Floating Offshore Wind Turbine Design

(OE) South Korea’s Hanwha Ocean has secured an Approval in Principle (AIP) from DNV for the preliminary front-end engineering design (Pre-FEED) of its floating offshore wind turbine platform. The floating platform model awarded the AIP is Hanwha Ocean’s proprietary WindHive 15-H3. It is capable of supporting 15 MW offshore wind turbines, with a rotor diameter... Continue Reading →

January 13, 2025 0

Brazil Energy Insight

Norwegian player bolsters design and engineering across maritime & offshore energy arenas with Brazilian firm buy

New Offshore Wind Project Enters Federal Permitting in US

JDR supports cutting-edge IceCube neutrino research in Antarctica’s extremes

BP warns of fourth-quarter profit hit, postpones capital markets day

Peru’s niche Bretaña crude oil gains popularity in US

Yinson Production Scoops $1B Investment to Upscale FPSO Business

SMD and Beam Go Deeper for AI-Driven Autonomous Offshore Wind Inspections

Guyana Yellowtail project is 95% completed – John Hess

Petrobras clarifies contracts with Unigel

DNV Approves Hanwha Ocean’s Floating Offshore Wind Turbine Design

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