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(OE) A group of industry specialist companies has achieved a world first for the wind industry, with a major component exchange (MCE) being performed on an offshore floating wind turbine while it remained on site at the Scottish Kincardine offshore wind farm, located south east of Aberdeen. The new, more cost-effective, process was delivered through... Continue Reading →
TotalEnergies has started the production from the Fenix gas field, off the coast of Tierra del Fuego in Southern Argentina. The Fenix field, located 60 km offshore, is part of the Cuenca Marina Austral 1 (CMA-1) concession, in which TotalEnergies holds a 37.5% operated interest, alongside its partners Harbour Energy (37.5%) and Pan American Energy... Continue Reading →
(OE) Thailand’s state-owned oil and gas company PTT Exploration and Production (PTTEP) has divested its entire interest in Mexico Block 29, located in deep waters of the Salina Basin offshore Mexico, to the operator Repsol, which has increased its working interest in the block to 46.67%. On September 17, 2024, PTTEP Mexico E&P Limited, a... Continue Reading →
(OE) Oilfield services company TechnipFMC has been awarded two multi-million-dollar subsea contracts by Petrobras for the pre-salt fields offshore Brazil. The first contract, deemed substantial by TechnipFMC, is to design, engineer, and manufacture riser flexible pipe, and for the supply of associated services including packing and storage. Substantial contract for TechnipFMC means its worth is... Continue Reading →
(OE) Iberdrola has inaugurated Brittany’s first offshore wind farm, the 496 MW Saint-Brieuc project, which is also the second largest offshore wind farm in France. With an investment of $2.7 billion (€2.4 billion), the Saint-Brieuc project began development in 2012 and entered full operation in May 2024, following three years of construction. It consists of... Continue Reading →
Floating offshore wind pioneer adds two evolutionary center column platforms to its industry-leading semisubmersible product portfolio. 17 September, 2024 – Principle Power has unveiled two new semisubmersible floating wind foundation designs: the WindFloat TC (tubular, center column) and WindFloat FC (flat-panel, center column). The new designs are natural evolutions of the existing WindFloat® technologies that... Continue Reading →
(Reuters) - A ruling from a Colombian court that ordered the suspension of work at a major offshore gas well is a threat to the country's energy security, industry groups the Colombian Petroleum Association (ACP) and Naturgas said on Monday. In a court order dated Sept. 11, a judge said activities at well Uchuva-2, on the... Continue Reading →
(Reuters) - Petrobras' (PETR4.SA), opens new tab new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said on Monday, as the Brazilian state-run firm looks to rebuild oil and gas reserves. Melgarejo told Reuters that the 2025-2029 plan, which is currently being drafted, does not foresee... Continue Reading →
(Reuters) - BP plans to sell its U.S. onshore wind energy business, it announced on Monday, saying the assets were not aligned with its growth plans. BP said it will launch the sale process shortly for the wind assets, bp Wind Energy, which has interests in 10 operating onshore wind energy assets across seven U.S. states.... Continue Reading →
(OE) French tubular solutions supplier Vallourec has entered into a definitive agreement to acquire Matt’s subsidiary Thermotite do Brasil, a specialized provider of thermal insulation pipe coating services for the offshore oil and gas industry. The acquisition price is $17.5 million, on a cash-free, debt-free basis, subject to customary price adjustments, including working capital. Thermotite’s... Continue Reading →
Brazil Energy Insight 