(OE) Apollo and DOF, in collaboration with the ORE Catapult’s Floating Offshore Wind Centre of Excellence (FoWCoE), have delivered the study on GW-scale floating offshore wind installation methods. Installing a single, state-of-the-art floating offshore wind turbine (FOWT) represents a milestone in offshore marine operations. However, GW-scale floating wind farms will require approximately sixty FOWTs, which... Continue Reading →
Saipem Scoops $3.7B for Work on TotalEnergies’ Kaminho Field
(OE) Saipem has been awarded three new contracts by TotalEnergies for the Kaminho project, relating to the development of Cameia and Golfinho oil fields offshore Angola, worth $3.7 billion. The first of the contracts, awarded by TotalEnergies' subsidiary TotalEnergies EP Angola Block 20, refers to the Engineering, Procurement, Construction, Transportation and Commissioning of the Kaminho... Continue Reading →
PGS Streamlines Seismic Data Interpretation Services
(OE) Norwegian seismic company PGS has teamed up with Onward, an energy innovation platform, to offer on-demand seismic data interpretation. The collaboration that facilitates on-demand data interpretation provided by Onward, which leverages its technical capabilities to enhance PGS' existing MultiClient and Data OnDemand services and accelerate interpretation workflows. Onward and PGS now offer subscribers of... Continue Reading →
MODEC Secures ClassNK’s AiP for TLP-Type Floating Wind Turbine
(OE) MODEC and Toyo Construction have jointly secured an approval in principle (AiP) from ClassNK for floating structure and tether system with tether pile foundation for tension leg platform (TLP)-type floating offshore wind turbine. The acquisition of AiP was one of the tasks of the Japanese national research and development agency NEDO’s Green Innovation Fund... Continue Reading →
Iberdrola to Acquire Full Ownership of Avangrid for EUR 2.35 Billion
Iberdrola and Avangrid have signed an agreement under which the Spanish company will acquire the stake which it previously did not own in its US subsidiary for USD 2.55 billion (approximately EUR 2.35 billion). Iberdrola, which owns around 81.6 per cent of Avangrid, launched an offer to acquire the remaining 18.4 per cent in March... Continue Reading →
Lula’s ambitions for Petrobras hemmed in by new rules
(Reuters) - Brazilian President Luiz Inacio Lula da Silva may soon discover that swapping the CEO of Petrobras (PETR4.SA), opens new tab is not enough to turn the state-run oil company into the engine for job creation and development it was during his first 2002-2010 terms. Lula last week tasked incoming CEO Magda Chambriard with speeding up investments in... Continue Reading →
Petrobras informs CADE about Terms of Cessation Commitment
Petróleo Brasileiro S.A – Petrobras, in continuity with the Material Fact disclosed on November 28, 2023, informs that it formalized with the Administrative Council for Economic Defense (CADE), on May 17, 2024, proposals for amendments to the Terms of Cessation Commitment (TCCs) previously established. The aim of these amendments is to adapt the obligations originally... Continue Reading →
Iberdrola strengthens grids focus in $45 billion investment plan
(Reuters) - Spanish renewable energy giant Iberdrola set out plans on Thursday to invest 41 billion euros ($44.83 billion) over the next three years, focusing on power grids like Italian rival Enel as the industry seeks better returns. The new plan builds on the strategic shift Iberdrola announced in 2022, when it said it would be taking... Continue Reading →
Sapura Ônix Heads to Atlanta Field to Install Subsea Equipment
(OE) The specialized vessel Sapura Ônix is on its way to Atlanta Field in Santos Basin, offshore Brazil, where it will carry out the installation of subsea equipment to support the oil production, targeted for August 2024. Brazilian oil and gas company Enauta said the Sapura Ônix vessel is en route to install multiphase pumps... 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 05/15/2024, informs that will pay today the first 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$1.45670449 per ordinary and preferred... Continue Reading →