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(OE) Danish wind turbine maker Vestas has united its Technology organization (CTO) and Manufacturing and Global Procurement organization (COO) into one Technology and Operations Organization (CTOO) to strengthen its approach within delivery of wind energy solutions. The united CTOO organization will become the foundation for one enterprise-wide industrial system within Vestas and will be headed... Continue Reading →
(OE) Yinson Production has placed $1.035 billion senior secured notes to refinance the floating, production, storage and offloading (FPSO) vessel Anna Nery, working for Petrobras in the Marlim field, offshore Brazil. The successful pricing of $1.035 billion 144A/Reg S non-recourse, senior secured notes, was issued by Yinson Boronia Production, which owns and operates the FPSO... Continue Reading →
(Reuters) - Hess shareholders on Tuesday approved the company's $53 billion merger with No. 2 U.S. oil company Chevron (CVX.N), according to preliminary results of the vote. The merger required a majority vote to approve the deal by a majority of Hess' 308 million shares outstanding to pass. The company did not immediately provide the vote tally.... Continue Reading →
(OM) BW Energy plans to take FID later this year on two new infill wells at the Golfinho Field in the Espirito Santos Basin offshore Brazil, the company said in a results statement. The GLF-51 oil well and the GLF-50 gas well should double production from the field in 2027. BW Energy reported first-quarter 2024 stable production... Continue Reading →
(OE) Iberdrola, through its subsidiary Ailes Marines, has fully commissioned the Saint-Brieuc offshore wind farm, which is the second offshore wind farm in France and the first in Brittany. All wind turbines are operational in the 496 MW project as of May 28, 2024, with the entire production from the 62 turbines now feeding into... Continue Reading →
(Reuters) Petrobras' new chief executive said a basin in Brazil's Equatorial Margin, an environmentally sensitive offshore prospect seen as the country's most promising frontier for oil exploration, was a matter of "national interest." Magda Chambriard, who took over as the state-controlled oil company's chief executive after President Luiz Inacio Lula da Silva fired its former... Continue Reading →
The platform ship Marechal Duque de Caxias arrived in Brazil today, 05/27, from China, heading for the Mero field in the pre-salt Santos Basin. The platform of the FPSO type (floating production, storage, and transfer unit) can produce up to 180,000 barrels of oil and compress up to 12 million cubic meters of gas, all... Continue Reading →
(Institution of Mechanical Engineers)According to the Global Wind Energy Council’s Global Wind Report 2024, installed offshore wind capacity surpassed 75GW at the end of 2023. But with ambitious targets set for 2050, the industry must look at ways to speed up planning and construction, and fine-tune operations and maintenance of existing assets. To reach the... Continue Reading →
(OilNow) Luiz Hayum, a principal analyst with Wood Mackenzie’s Latin America upstream research team, sees Guyana’s oil bounty raking in huge sums for the ExxonMobil-led consortium and the government. “Our valuation for Stabroek’s ten-FPSO development is over US$150 billion at US$65/barrel Brent prices split between the government and the three block partners,” Hayum said in... Continue Reading →
(OilPrice.com) Guyana would welcome U.S. firm Chevron joining the major oil projects that its peer Exxon is currently developing offshore the South American country, Guyana’s President Irfaan Ali has told the Financial Times. Chevron has proposed a multi-billion all-stock transaction to buy U.S. firm Hess, which is a minority partner of Exxon in Guyana’s prolific Stabroek... Continue Reading →
Brazil Energy Insight 