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(Reuters) Exxon Mobil Corp will shut down two offshore oil production projects in Guyana for two weeks each, between July and August, to connect a natural gas pipeline, the company's country head Alistair Routledge told reporters in Georgetown on Tuesday. The 140-mile (225-km) pipeline will feed Guyana's $1.9 billion gas-to-power project aimed at ending the... Continue Reading →
(OE) Norwegian offshore vessel operator DOF Group has secured two contracts with Brazil’s state-run oil and gas company Petrobras, worth over $192 million. Petrobras has awarded new long-term charter and service contracts to Norskan Offshore. and DOF Subsea Servicos Brasil, after a competitive tender process. The vessel Skandi Amazonas, which was on the spot market,... Continue Reading →
Petróleo Brasileiro S.A.- Petrobras informs that it was released today the new edition of its Climate Change Supplement. The document details information regarding Petrobras' emissions performance in 2023, in addition to progress in indicators of commitments related to climate change, including the company's progressive emissions reduction trajectory. One of the highlights is the 41% reduction... Continue Reading →
In 1Q24, average production of oil, NGL and natural gas reached 2,776 MMboed, increase of 3.7% when comparing with the same period last year (1Q23). Among the main factors behind this variation, we can highlight the ramp-up of the FPSOs Almirante Barroso, P-71, Anna Nery, Anita Garibaldi and Sepetiba, as well as the start-up of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a memorandum of understanding with the Government of the State of Rio Grande do Norte (RN), which provides for studies on the feasibility of implementing an offshore wind pilot project in the state. The value of the investment and the generation capacity will be assessed... Continue Reading →
(Reuters) - French energy giant TotalEnergies (TTEF.PA), opens new tab posted a 22% decline in first-quarter earnings due to a steep decline in profits from natural gas, while warning that rising crude oil prices could weigh on refining margins in coming months. Adjusted net income for the three months to end-March came to $5.1 billion, the company... Continue Reading →
(offshore-energy.biz) In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9% increase compared... Continue Reading →
(Reuters) -Oil giant Chevron Corp beat estimates for first-quarter profit on Friday as higher production volumes in the U.S. helped offset a hit from weak natural gas prices and fuel margins. The second largest U.S. oil producer posted a profit of $5.5 billion in the quarter ended on March 31, down from $6.57 billion, or... Continue Reading →
(Reuters) - Exxon Mobil Corp on Friday missed analysts' estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. The largest U.S. oil company, which is in the process of closing a $60 billion deal for top shale oil producer Pioneer Natural Resources,... Continue Reading →
(OE) Sweden-based construction and development company Skanska has signed the final contract award, worth $612 million, for the upgrade of the South Brooklyn Marine Terminal (SBMT) in New York, which will serve as an offshore wind hub. The project will transform the SBMT into one of the largest dedicated offshore wind ports in the United... Continue Reading →
Brazil Energy Insight 