Principle Power has signed a non-exclusive Memorandum of Understanding (MoU) with HSG Sungdong to cooperate on engineering developments for mass production and assembly of WindFloat® technologies. The agreement furthers the development of a sustainable domestic supply chain in South Korea and supports the country's ambition to achieve 14.3 GW of offshore wind capacity by 2030.... Continue Reading →
New Petrobras CEO says president wants firm to boost national economy
(Reuters) - The chief executive of Brazilian oil giant Petrobras (PETR4.SA), opens new tab, Madga Chambriard, said the country's president asked her to work toward boosting the nation's economy while maintaining profitability at the oil firm. Chambriard, who took over as the state-run company's top executive after President Luiz Inacio Lula da Silva fired the former CEO in... Continue Reading →
Ibama nears decision amid Petrobras pressure to explore offshore Equatorial Margin
(Reuters) - The head of Brazil's environmental agency said on Wednesday that he expects a decision soon on state-owned oil company Petrobras' request to conduct exploratory studies in a region known as the Equatorial Margin, as both the company and the government push for a drilling license. Petrobras has been seeking to explore the northernmost part... Continue Reading →
Petrobras on payment of remuneration to shareholders
Petróleo Brasileiro S.A – Petrobras, following up on the Material Facts/Communications published on 03/07/2024, 04/25/2024, 05/02/2024 and 06/13/2024, informs that will pay today the second installment of dividends relating to the balance sheet of December 31, 2023. The gross amount to be distributed today, in the form of dividends, is R$ 1,46934144 per ordinary and ... Continue Reading →
Petrobras provides information about FPSO Maria Quitéria
Petróleo Brasileiro S.A. - Petrobras informs that the FPSO Maria Quitéria is currently en route to Brazil. The platform ship departed from China in May and is expected to arrive at its location in the third quarter of this year. The unit is scheduled to begin operations in the last quarter of 2024, thus advancing... Continue Reading →
Recent discoveries fan the flames of African country’s hopes for triple oil production boost by 2027
(Offshore-energy.biz) While the search for hydrocarbons has been ongoing in certain parts of Africa for decades with varying degrees of success, a slew of new oil and gas discoveries has pushed the continent to the forefront of global exploration hotspots. Given its string of recent discoveries, one of the countries in West Africa, Cote d’Ivoire,... Continue Reading →
Bermuda-based player gives Oslo stock exchange a go
(Offshore-energy.biz) Paratus Energy Services, a Bermuda-headquartered holding company of a group of energy service players, has shared its intention to list the firm’s shares on the Euronext Growth stock exchange market in Oslo, Norway, followed by a planned uplisting to the Oslo Stock Exchange. Paratus explained that the offering it plans to launch will entail... Continue Reading →
Rystad: European Offshore Wind Substations to Require USD 20 Billion Investment by 2030
(offshoreWind.biz) According to a recent report from Rystad Energy, continental Europe will see the installation of 137 offshore substations over the coming decade, with an estimated total investment of USD 20 billion (approximately EUR 18.6 billion). According to the report, over 120 substations will be installed between 2024 and 2030 at a cost of around... Continue Reading →
BOEM Seeks Input on Offshore Wind Studies in US Territories
(offshoreWind.biz) The US Bureau of Ocean Energy Management (BOEM) is seeking ideas for baseline environmental and socioeconomic studies to inform its decisions on potential offshore wind energy activities in the US territories. To formally request ideas for baseline environmental and socioeconomic studies, the bureau has issued a request for Letters of Interest (LOI). In addition,... Continue Reading →
Strohm Secures Over $21M Investment to Expand CCUS and Hydrogen Market Presence
(OE) Dutch thermoplastic composite pipe (TCP) technology company Strohm has secured $21.4 million ($20 million) investment from SENCO Hydrogen Capital, aimed at boosting its growth trajectory focused on hydrogen and carbon capture utilization and storage (CCUS) applications. The partnership between the two companies also seeks to reduce carbon footprint in the pipeline infrastructure for conventional... Continue Reading →