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(PN) SBM Offshore has completed a new stage in the construction of FPSO Alexandre de Gusmão, which will be installed in the Mero field, in the pre-salt layer of the Santos Basin. The Dutch company announced this week that the lifting campaign for the vessel's topside modules was successfully completed. Integration and commissioning activities continue... Continue Reading →
(PN) Earlier this month, the Brazilian Institute of the Environment (Ibama) issued a license authorizing Petrobras to begin a 4D seismic survey with nodes in the Buzios field, in the pre-salt layer of the Santos Basin. The survey may be conducted using one of the seismic source vessels: Artemis Arctic or Artemis Odyssey. In addition,... Continue Reading →
(offshore-energy.biz) U.S. offshore engineering and construction player McDermott has been tasked with putting all the pieces in place for the development of a gas project off the coast of Trinidad and Tobago, thanks to an engineering, procurement, construction, installation (EPCI), hook-up, and commissioning contract with Shell Trinidad and Tobago Limited, a subsidiary of the UK-headquartered... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras will pay extraordinary dividends if there is an "opportunity" for it, Chief Financial Officer Fernando Melgarejo told investors during an earnings call on Friday. Any decision on an extraordinary payout would depend on cash conditions and future cash-generation capacity, said Melgarejo, adding that "an extraordinary dividend payment is... Continue Reading →
(Oilnow.gy) Suriname’s state oil company Staatsolie is set to plug US$1.8 billion in the nation’s first offshore oil project, according to the company’s 2023 annual report. Staatsolie could participate with up to 20% stake in the Block 58 field development. Its Managing Director, Annand Jagesar, told OilNOW that it intends to exercise this option. “We fully... Continue Reading →
(Reuters) - Petrobras (PETR4.SA), opens new tab does not see the repurchase of the Mataripe refinery owned by Abu Dhabi sovereign fund Mubadala (MUDEV.UL) in Brazil as a priority, the state-run firm's Chief Executive Magda Chambriard said on Friday. The repurchase of the refinery, also known as RLAM, located in Brazil's northeastern state of Bahia was seen... Continue Reading →
(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 →
Brazil Energy Insight 