Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - New Jersey's utility regulator on Wednesday approved two offshore wind power projects proposed by units of Attentive Energy and Invenergy. The approvals were part of the state's third solicitation for offshore wind seeking 1,200-4,000 megawatts (MW) of power capacity. In total New Jersey is looking to achieve about 11,000 MW of offshore wind... Continue Reading →
SBM Offshore announces that, after 12 years as Chief Executive Officer (CEO) and Chair of the Management Board, Bruno Chabas has decided not to seek a 4th mandate at the end of his current term on 12th April 2024. The Supervisory Board has decided to appoint Øivind Tangen, currently Chief Operating Officer (COO) and member... Continue Reading →
(OE) The topside modules for the giant Bacalhau floating production storage and offloading (FPSO) unit have started the journey to Singapore where they will be integrated with the hull before heading for an assignment to Equinor-operated oil project offshore Brazil. The 22,000 tons of newly constructed modules, designed and built by Norwegian firm Aibel, have... Continue Reading →
(OP) After boosting oil production to above 500,000 barrels per day in five years, the world’s newest crude oil exporter, Guyana, looks to develop its significant natural gas resources, too. ExxonMobil, whose consortium currently pumps all of Guyana’s crude oil, is positioning itself to explore and understand the natural gas reserves in the country this... Continue Reading →
(OE) France-based marine seismic data firm CGG has signed an agreement with the Ministry of Energy and Energy Industries of Trinidad and Tobago to reimage vintage 3D seismic data from four deepwater offshore blocks. CGG’s work scope will cover blocks 25a, 25b, 26, and 27 offshore Trinidad. Located in the country’s deep waters, the project... Continue Reading →
(OE) Rovco, a UK-based subsea robotics and survey firm, has added a second hull mounted survey vessel to its fleet with the long-term charter of the DP2 vessel Glomar Worker. The four-year charter with Glomar comes in response to client demand for innovative geophysical and geotechnical survey solutions, according to the company. Rovco has started... Continue Reading →
(Reuters) U.S. oilfield technology firm Baker Hughes beat Wall Street estimates for fourth-quarter profit on Tuesday, powered by strong demand for its services and equipment from LNG producers, as well as offshore and international markets. The company concludes fourth-quarter reports from the world's top oilfield services providers. International demand also helped rivals SLB and Halliburton beat estimates amid slowing activity in... Continue Reading →
(OET) Australian oil and gas company Karoon Energy is working on sorting out the issues impeding the restart of production from a well located on a field in the Santos Basin offshore Brazil. To this end, well intervention activities are seen as the likely solution for the well to come back online. Karoon’s production from the Baúna project,... Continue Reading →
(Reuters) - BP (BP.L), opens new tab expects the Calypso deepwater natural gas field off Trinidad and Tobago, which it shares with Woodside Energy (WDS.AX), opens new tab, to get the greenlight when a final investment decision (FID) is made as early as the end of next year, a company executive said. BP, which holds a 30% stake... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE), opens new tab said its preliminary financial results on Tuesday were above market expectations, with revenue up 12.6% on a comparable basis to 7.65 billion euros ($8.29 billion) and a profit margin before special items of 2.7%. The company kept its outlook for the year unchanged, pointing to expected variations across its... Continue Reading →
Brazil Energy Insight 