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(offshore-energy.biz) While the energy transition toolbox is filled with decarbonization tools, electrification seems to be the jewel in its crown, based on research conducted by Rystad Energy, which points out that applying this method to upstream operations has the potential to get rid of over 80% of oil and gas production emissions. Switching away from... Continue Reading →
Mooreast Holdings Ltd. announced today it will appoint Mr Eirik Ellingsen, a Norwegian with deep experience in the offshore and marine sector, as Chief Executive Officer (“CEO”) amid growing adoption of floating wind energy projects worldwide. Mr Ellingsen will assume the role of CEO at Mooreast on 1 January 2025. He will be taking over... Continue Reading →
(Reuters) - Doubts are growing over Guyana's pick of a little-known U.S. startup to craft and develop projects to monetize its vast untapped natural gas resources that could cost up to $30 billion. Year-old Fulcrum LNG faces financing hurdles that could derail its selection. Ultimately, the South American nation may end up relying on a consortium led... Continue Reading →
(Reuters) QatarEnergy has entered into an agreement with TotalEnergies to acquire additional offshore exploration interests in the Orange Basin off the coast of Namibia, it said on Sunday. The deal includes a 5.25% increase in QatarEnergy's stake in block 2913B and a 4.695% increase in block 2912, QatarEnergy said in a statement. Under the agreement,... Continue Reading →
(ceara.gov.br) With great local potential for renewable energy generation, the Ceara government signed a memorandum of understanding (MoU) with the company CGN Brasil Energia (CGNBE), part of the CGN Group, one of the largest in China, for collaboration in the development of solar and wind energy projects and the green hydrogen chain. Governor Elmano de... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras is in talks with Raizen, BP and Inpasa for a possible joint venture in ethanol, two sources told Reuters, as the firm's CEO aims big in a comeback to the sector. Petrobras is in talks with four or five firms in the ethanol business, Chief Executive Magda Chambriard told... Continue Reading →
(OE) Swedish company Seabased has signed a three-party memorandum of understanding (MoU) with the Government of Grenada and SIDS DOCK to establish Grenada’s first utility-scale wave energy park. The agreement outlines a phased project that will begin with a 2 MW pilot to showcase the potential of wave energy in driving economic and environmental resilience... Continue Reading →
(PN) Petrobras' new strategic plan for the five-year period 2025-2029 provided more information about the company's plans regarding its fleet of platform ships (FPSOs). During the period, the company intends to start operating ten units by 2029, all in the pre-salt layer. In addition, the oil company also plans to build five more units beyond... Continue Reading →
(TN) Subsea7, a global leader in delivering offshore projects and technology for the energy sector, closed the third quarter of 2024 with solid operational and financial performance. Between July and September, the company achieved US$321 million in adjusted EBITDA, up 59% year-over-year, resulting in an adjusted EBITDA margin of 18%, up from 13% in Q3... Continue Reading →
(OE) Norwegian offshore vessel owner Solstad Offshore has secured multiple new contracts and contract extensions, whose combined value is $60 million. Solstad secured one new contract, and one contract extension from Petrobras, for work offshore Brazil. Namely, Petrobras awarded an 18-month firm contract for the construction support vessel (CSV) Normand Valiant. The start of the... Continue Reading →
Brazil Energy Insight 