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(offshore-energy.biz) OneSubsea, a company majority-owned by SLB, has installed three pump stations at a field offshore Brazil operated by BRAVA Energia, an oil and gas player formed following the merger of Brazil’s 3R Petroleum and Enauta. The field’s floating, production, storage, and offloading (FPSO) unit is expected to start production soon. According to the SLB-led... Continue Reading →
(Reuters) - Chevron Corp beat Wall Street estimates for third-quarter profit on Friday, helped by higher oil and gas output, but its earnings fell from a year ago. The U.S. company, whose proposed $53-billion takeover of Hess has been delayed due to a challenge by rivals Exxon and CNOOC Ltd , reported an adjusted profit of $4.53 billion, compared to... Continue Reading →
(OE) RWE has secured the necessary construction and environmental permits to build a 100 MW electrolyzer that would enable green hydrogen production as part of system integration plans associated with the 795 MW OranjeWind offshore wind project in the Dutch North Sea. The 100 MW electrolyzer is planned to be built at Eemshaven, near the... Continue Reading →
(Reuters) - Exxon Mobil on Friday beat Wall Street's third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources. Oil industry earnings have been squeezed this year by slowing demand and weak margins on gasoline and diesel. But Exxon's year-over-year profit fell 5%,... Continue Reading →
(OE) Norwegian offshore supply vessel company DOF Group has concluded the acquisition of Denmark-based Maersk Supply Service, which will be renamed to DOF Denmark. The combined company is expected to become one of the leading offshore service provider with comprehensive scale and a wide range of services across all continents in the offshore energy industries.... Continue Reading →
Wilson Sons, a leader in port and maritime logistics in Brazil, will start building, next year, a new range of three super powerful tugboats with sustainable technology at its shipyard in Guarujá, São Paulo. It plans on renewing and modernizing its fleet of more than 80 tugboats, which operate along the Brazilian coast. The three... Continue Reading →
(Reuters) - French oil major TotalEnergies third-quarter profit hit a three-year low of $4.1 billion on Thursday, slightly missing expectations as refining margins and upstream outages dragged down earnings. Adjusted net income was down 37% from a year earlier and 12.7% lower from the previous quarter's $4.7 billion. The result just missed analyst expectations of $4.2 billion. Adjusted... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, further to the Announcements to the Market of January 29th 2020, May 27th 2021 and July 26th 2023, hereby informs that the District Court of Rotterdam ("Court") today handed down a favorable judgment on its main arguments in the collective action filed by the Stichting Petrobras Compensation Foundation ("Foundation") against... Continue Reading →
(offshoreWIND.biz) The Danish Energy Agency (DEA) has granted RWE the offshore construction permit for its Thor offshore wind farm, enabling RWE to begin construction at sea in spring 2025. RWE said that good progress is already being made on land, with the laying of cables and the construction of an onshore substation in the municipality... Continue Reading →
Wendy Laursen, Contributing Writer (oedigital.com) Preparing for industrialization, the floating offshore wind industry is tackling its unique mooring and cabling challenges. The idea of keeping floating offshore wind platforms in place using dynamic positioning has been considered. The trouble is: it could take up to 80% of the electricity generated by the turbine to do it.... Continue Reading →
Brazil Energy Insight 