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U.S. offshore energy industry equipment maker Dril-Quip has been selected to supply the subsea wellhead systems for the Woodside Energy's Trion development offshore Mexico. The Trion project, a greenfield deepwater development, includes 24 wells across two phases. Woodside's decision to use Dril-Quip's BigBore IIe Subsea Wellheads will leverage the system's field-proven sealing technology and 2... Continue Reading →
(OET) Norway’s asset integrity management company Axess Group and Guyana Logistics and Support Services (GLASS) have established a joint venture (JV) to launch an engineering and asset integrity management (AIM) firm in Guyana. Axess has been delivering services including design, inspection, maintenance, certification, modification, engineering, and installation of equipment for both offshore and onshore installations,... Continue Reading →
By Tina Casey (CT) Just a few months ago the US offshore wind industry seemed to be headed for the rocks, accompanied by much cheering on the part of groups opposed to renewable energy. Well, that was then. The industry is on track to replace all the contracts that faltered last year, and then some,... Continue Reading →
Today Hexicon AB (publ.) signed a Sales and Purchase Agreement (SPA) to take full ownershipof MunmuBaram Co., Ltd. from its joint venture partner Shell Overseas Investments B.V. Underthe agreement, Hexicon AB will increase its stake in the project from 20 % to 100 %, increasingthe project portfolio by 900 MW. Completion of the transaction is... Continue Reading →
(PN) A new giant of the Brazilian seas is taking shape. Equinor announced that it has completed the installation of the topside of the FPSO Bacalhau, which will be installed in the field of the same name, in the pre-salt of the Santos Basin. The topside is the structure at the top of the ship's... Continue Reading →
(OM) Global energy demand continues to ramp up as the world economy emerges from the constraints of the COVID-19 pandemic. According to the US EIA, liquids consumption has grown by 10% over the past three years, averaging 101 MMb/d in 2023. The rebound in oil demand to above pre-pandemic levels continues to spur investments in... Continue Reading →
(OET) Norwegian seismic company PGS has signed an agreement with Shell for its cloud-based digital asset management solution designed specifically for seismic data, which is set to enable the UK-headquartered energy giant to streamline access to seismic data and accelerate workflows. This Data OnDemand Agreement complements the MultiClient Library Access agreement the two companies established in 2022.... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE), opens new tab is confident it can solve quality issues at its onshore wind division but that process could take several years, its CEO said in written remarks published ahead of the group's annual general meeting (AGM). "The losses we incurred in our wind business and the underlying problems are unacceptable. We... Continue Reading →
(PN) Petrobras decided to return the Três Marias block, in the Santos Basin pre-salt, to the National Petroleum Agency (ANP). The area was acquired by the company in 2018, during the 4th ANP Sharing Round. Petrobras even found signs of oil in the Três Marias block in early 2022. However, the results of the evaluation... Continue Reading →
(Reuters) - An Exxon Mobil-led consortium is considering its first offshore natural gas production in Guyana, close to the country's maritime border with Suriname, an executive at the U.S. oil and gas group said on Wednesday. Exxon (XOM.N), opens new tab, Hess Corp (HES.N), opens new tab and CNOOC (0883.HK), opens new tab are under pressure from Guyana to develop... Continue Reading →
Brazil Energy Insight 