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(OE) Norwegian offshore vessel owner Solstad Offshore has secured multiple contract awards with clients in Brazil for two of its anchor handling tug supply (AHTS) vessels and one construction support vessel (CSV). Solstad’s Normand Topazio and Normand Turmalina AHTS vessels have been awarded one-year contracts each, starting in October and November 2024, respectively. Both awards... Continue Reading →
(Reuters) - Miner BHP Group said on Friday it has reached a R$170 billion ($29.93 billion) final settlement with Public Authorities in Brazil for reparation of Samarco's Fundão dam failure. A federal judge in Brazil had ruled in February that BHP and Vale and their joint venture, Samarco, must pay up to 47.6 billion reais in... Continue Reading →
(Portos e Navios)The bidding round provides for a two-year contract, renewable for the same period, to support the preparation of conceptual projects and provide consultancy services for the company to participate in future processes for acquiring areas for offshore energy generation. On Tuesday (10/22), Petrobras launched tender to hire consultancy services for the preparation of... Continue Reading →
(Reuters) - Italian energy group Eni (ENI.MI), opens new tab will increase its share buyback programme by 25% to 2 billion euros ($2.2 billion), it said on Friday, after beating third-quarter profit expectations. It reported an adjusted net profit of 1.27 billion euros, topping the 1.08 billion expected by analysts in a poll compiled by the company... Continue Reading →
(Bloomberg) -- Transocean Ltd. is in talks to merge with rival offshore drilling contractor Seadrill Ltd., according to people familiar with the matter, just as oil explorers around the world are returning to the sea. Shares of Seadrill jumped about 10% after the close of regular trading in New York while Transocean’s were up about... Continue Reading →
Petrobras will invest BRL 60 million in a new sea wind testing and measuring phase by releasing new BRAVO buoy units to collect, monitor, and assess offshore wind resources. The technology, designed in an unprecedented way for the Brazilian sea, is the outcome of a successful R&D I project by the Petrobras Center for Research,... Continue Reading →
(Reuters) - Brazil state-run firm Petrobras (PETR4.SA), opens new tab plans to bring oil production at its Tupi oil field back to 1 million barrels per day by 2027 as it plans new investments in the asset, its director for exploration and production said on Thursday. Located in deep waters offshore, Tupi is Brazil's largest oil field... Continue Reading →
Renewable energy innovator Inyanga Marine Energy Group has announced it is launching a crowdfunding round in partnership with Crowdcube. This round presents an opportunity to invest in Inyanga’s patented tidal energy technology, HydroWing. Tidal energy is a 100% predictable renewable energy source and one of the most reliable sources of renewable energy available. HydroWing aims... Continue Reading →
SBM Offshore announces it has completed the divestment of a 13.5% ownership interest in the special purpose companies related to the lease and operation of the FPSO Sepetiba to China Merchants Financial Leasing (Hong Kong) Holding Co., Limited (CMFL). This follows the announcement on February 10, 2022, of an agreement whereby CMFL would acquire its... Continue Reading →
(oilprice.com) Lower oil prices and production volumes failed to offset rising natural gas prices and output at Equinor, which reported on Thursday lower-than-expected adjusted operating income, its key earnings metric, for the third quarter. The Norwegian energy giant booked an adjusted operating income of $6.89 billion for Q3, down by 13% compared to the same period of... Continue Reading →
Brazil Energy Insight 