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(OE) The European Union has built 17 GW of new wind energy in 2023, with 3 GW of new capacity coming from offshore wind farms. The WindEurope data shows that Germany built the most new wind capacity followed by the Netherlands and Sweden. The Netherlands built the most new offshore wind, including the 1.5 GW Hollandse... Continue Reading →
(OE) ExxonMobil Guyana has unveiled that the Prosperity floating production storage and offloading (FPSO) unit, used in the Payara project, achieved background flare in 39 days, ahead of the 60-day target. Achieved ahead of schedule outlined in the project’s environmental permit, the accomplishment marks a significant milestone in the company’s commitment to efficient and environmentally... Continue Reading →
(Reuters) The winners of an auction for oil exploration blocks off Guyana's coast were given until the end of the month to submit additional information requested by the government before awarding the contracts, the country's vice president said on Thursday. Following delays, the Guyanese government in September received bids for eight of 14 offshore blocks... Continue Reading →
(OE) Italian engineering firm Rosetti Marino has completed the construction of jacket and topside for the Fenix wellhead platform, which are now en route to Tierra del Fuego in southern Argentina. Rosetti Marino built Fenix platform’s topside and jacket for TotalEnergies’ Fenix gas development project as part of an engineering, procurement and construction (EPC) contract... Continue Reading →
(Reuters) - Brazil's state run oil firm Petrobras (PETR4.SA) has ruled out investing in wind and solar power abroad, deciding instead to focus on building a portfolio of local greenfield projects, energy transition head Mauricio Tolmasquim told Reuters on Wednesday. Last year, Petrobras CEO Jean Paul Prates said the company was analyzing the potential purchase of a... Continue Reading →
Philip Lewis, Contributor (OE) As we enter a New Year, the memories of the shocks to the foundations to the U.S. offshore wind segment remain fresh. In short, supply chain inflation and capacity/availability, interest rate increases, and tax credit monetization have been the key themes highlighted by developers to explain why many projects became commercially unviable.... Continue Reading →
Porto do Açu, operated by Prumo Logística, celebrates a decade of operations in 2024. Located on the north coast of Rio de Janeiro, close to Petrobras' rich pre-salt oil reserves, Porto do Açu stands out as the largest port-industry complex private sector in Brazil. Recently the complex has been venturing into new territories, with substantial... Continue Reading →
Jumbo Offshore Installation Contractors B.V. (“Jumbo Offshore”) has been awarded a contract by MODEC Guyana Inc. (“MODEC”) for the pre-installation of the mooring spread of the FPSO Errea Wittu, which will be located offshore Guyana. The FPSO “Errea Wittu”, the name of which means ”abundance”, will have the capacity to store 2 million barrels of... Continue Reading →
(OE) Norwegian ocean services provider DeepOcean has acquired digital transformation company Btwn, growing its offering within digitalization and automation of subsea operations. DeepOcean has acquired 100% of the shares in Btwn – pronounced ‘between’ - from the company’s employees for an undisclosed amount. In addition to becoming an integrated part of DeepOcean’s digital innovation team,... Continue Reading →
(OET) In a bid to propel the development of four oil projects forward, Angola-based Azule Energy, a joint venture between BP and Eni, has set its cap on using a digital design and visualization platform from FutureOn, a Norwegian software company specializing in the energy sector, which allows the latter to gain its first foothold in... Continue Reading →
Brazil Energy Insight 