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(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 →
(Reuters) - The U.S. Department of Energy said on Wednesday it has awarded up to $2.2 billion to centers on the Gulf Coast and in the Midwest to develop hydrogen, an emerging source of energy that is expensive to produce using renewable power. WHY IT'S IMPORTANT Hydrogen backers, including the administration of President Joe Biden,... Continue Reading →
– Petróleo Brasileiro S.A (Petrobras) informs that its Board of Directors (CA), in a meeting held today, approved the payment of extraordinary dividends in the amount of R$ 20 billion, equivalent to R$ 1.55174293 per common and preferred share in circulation, with R$ 15.6 billion as intermediate dividends based on the capital remuneration reserve, and... Continue Reading →
Petróleo Brasileiro S.A Petrobras Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan 2050 (SP 2050) and the Business Plan 2025-2029 (BP 2025-29). During the development of the Plans, the Board of Directors took part in discussions with the technical areas and the Executive Board, leading to the... Continue Reading →
(offshore-energy.biz) South Korea’s shipbuilder Hanwha Ocean has closed its acquisition of Singapore-based offshore builder Dyna-Mac, which specializes in manufacturing marine plant topside structures for floating production, storage, and offloading (FPSO) and floating liquefied natural gas (FLNG) units. The deal was closed on November 20, 2024, when Hanwha Ocean agreed to acquire approximately 95.15% of the total issued... Continue Reading →
(OE) Scottish ocean energy pioneer Mocean Energy has launched a crowdfunding campaign on Crowdcube, Europe’s largest private market investment platform. The campaign, which is now live, aims to finance the next phase of the company’s growth plans as it looks to mature its wave energy technology. Mocean Energy is working to transform the ocean energy... Continue Reading →
(OE) NOV has introduced the Quick Connector, developed by its subsidiary GustoMSC, to enhances the safety and efficiency of offshore lifting operations across the offshore energy industry. As countries seek to increase their renewable energy capacity and reduce carbon emissions, offshore wind will play a major role in the world’s expanding energy mix. However, these... Continue Reading →
Brazil Energy Insight 