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(Reuters) - Saipem is about to start work on deep water drilling in Namibia for Portugal's Galp Energia , the chief executive of the Italian energy contractor said on Thursday. In early 2024 Galp carried out tests at its Mopane-1X and Mopane-2X wells and estimated in April that the Mopane field could hold at least 10 billion barrels of... Continue Reading →
(OM) Kongsberg Maritime will supply equipment for 10 new platform supply vessels (PSVs) under construction by Fujian Mawei Shipbuilding in China for Capital Offshore. Piraeus-based Capital Offshore, which owns and operates more than 100 vessels, has ordered the 95-m-long, MMC 897 CD-design PSVs for operations offshore Brazil. Each will feature an integrated electrical system, propulsion and... Continue Reading →
By Alex Kimani (oilprice.com) Over the past two decades, the shale revolution largely pushed aside interest in the exploration and development of offshore hydrocarbons. The combination of hydraulic fracturing and horizontal drilling enabled the United States to significantly increase its production of oil and natural gas from tight oil formations, with the Shale Patch accounting for 36% of... Continue Reading →
(Reuters) - The chief of Europe's largest utility Iberdrola (IBE.MC), opens new tab gave a bullish outlook for the coming years on Wednesday, pledging to build on a strategy to focus investment on expanding and upgrading grids in Britain, the United States and elsewhere. While pouring billions into power grids and taking a more selective approach to... Continue Reading →
(OE) Portuguese maritime engineering company Etermar has launched Etermar Energia, a new branch dedicated to renewable energy, with a strong focus on offshore wind. Energia Energia has been established with the aim to become a strategic partner for the development of offshore wind projects worldwide. The company is strategically positioned to meet the needs of... Continue Reading →
(Reuters) -Baker Hughes beat Wall Street estimates for third-quarter profit on Tuesday, helped by sustained demand for its drilling equipment and oilfield technology in international markets. The robust activity in several international markets have helped oilfield services companies offset some of the declines in North America. "We remain confident in achieving our full-year EBITDA guidance... Continue Reading →
(Reuters) – Eletrobras (ELET3) has entered into a partnership with Ocean Winds, a joint venture between Engie and EDP Renováveis dedicated to offshore wind energy, to study the development of offshore wind projects in Brazil. The memorandum of understanding signed by the companies on Tuesday provides for the sharing of knowledge and joint work on... Continue Reading →
The ANP Board approved the geological and economic studies related to three exploratory blocks located in the Pre-Salt of the Santos Basin: Quartz, Calcedonia and Opala. The studies are part of the second project, called the Opala project, related to the Strategic Calendar of Geological and Economic Assessments for the Pre-Salt Polygon, established by the... Continue Reading →
(OE) Lloyd's Register (LR) has published its first Recommended Practice (RP) for Floating Offshore Wind Turbine Support Structures. Developed in alignment with established international codes and standards, including IEC 61400-3-2 and the ISO 19000 series, LR's RP facilitates the development of floating offshore wind turbines (FOWTs). The document offers guidance across the entirety of... Continue Reading →
(OE) Yinson Production has completed the sale of minority stake in floating, production, storage and offloading (FPSO) unit Anna Nery, working for Petrobras offshore Brazil, to “K” Line for $49 million. Yinson Production sold its 11.8% stake in Yinson Boronia Consortium, which indirectly fully owns FPSO Anna Nery, deployed at the Marlim field. The sale... Continue Reading →
Brazil Energy Insight 