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(offshoreWind.biz) Mingyang Smart Energy’s OceanX, which the company says is the world’s largest single-capacity floating wind platform, has sailed out of Guangzhou, China, and is heading towards the Qingzhou IV offshore wind farm in Yangjiang, Guangdong, where it will be installed. The floater is a dual-turbine V-shaped platform and has a generation capacity of 16.6... Continue Reading →
New Fortress Energy missed second-quarter earnings estimates on Friday after delays in starting up a floating LNG export facility off the coast of Altamira in Mexico. New Fortress stock was down 25% on Friday morning on Nasdaq. The company reported a net loss of $88 million for the quarter and a loss per share of... Continue Reading →
(Reuters) - Vestas, the world's largest maker of wind turbines, warned of a second quarter loss on Monday and trimmed its full-year profit margin and revenue outlook, sending the company's shares down 5%. Vestas' service business, usually a bright spot, would book a one-off 300 million euro ($327.63 million) second quarter hit, it said, affected... Continue Reading →
(OE) Italian classification and marine engineering consultancy RINA has issued two certifications for Saipem’s methodology of qualification of the performances of subsea hydrogen pipelines. One of the challenges of transporting hydrogen through converted or newly constructed pipelines is the risk of weakening materials. In response, Saipem has developed its own protocol to evaluate the performance... Continue Reading →
(offshoreWind.biz) Renexia, Mingyang Smart Energy and Minister Adolfo Urso from the Ministry of Enterprises and Made in Italy (MIMIT) have signed a memorandum of understanding (MOU) that will see the Chinese OEM producing wind turbines in Italy and supplying 18.8 MW wind turbines for Renexia’s Med Wind floating wind farm. The agreement includes a EUR... Continue Reading →
(Reuters) Mexico's incoming government will encourage state oil producer Pemex to seek equity partnerships with private oil companies, a model out of favor with the current president, in a bid to boost reserves amid towering debt, according to four sources familiar with the matter. These partnerships would be similar to past Pemex joint ventures with... Continue Reading →
Petrobras, pursuant to CVM Resolution No. 44/21, informs that its total CAPEX projection for 2024 has been revised to a range of investments between US$ 13.5 billion and US$ 14.5 billion, considering mainly a new CAPEX for the E&P segment of US$ 11.1 billion to US$ 12.1 billion for this year. This level of investment... Continue Reading →
Petrobras informs that its Board of Directors approved, in a meeting held today, the payment of interim and intermediate dividends, as well as interest on equity (JCP), in the amount of R$ 13.57 billion, equivalents to R$ 1.05320017 per outstanding common and preferred share. The proposed distribution is in line with the current Remuneration Policy... Continue Reading →
“Petrobras maintained robust cash generation in the second quarter of 2024, which allowed it to make US$ 3 billion in investments, comply with our shareholder remuneration policy and pay dividends. The net result for the quarter should be analyzed in light of events that impacted the accounting result but had no relevant impact on the... Continue Reading →
(PN) Halliburton announced today (8) that it has been contracted by Petrobras to provide a range of services in Brazil for integrated interventions and decommissioning of offshore wells. The commercial agreement is expected to begin in the second quarter of 2025. It will be a major new contract for the company, as it will cover... Continue Reading →
Brazil Energy Insight 