Pargo FSO starts operations offshore Brazil

(OM) Perenco Brazil’s double-hulled FSO Pargo has received first oil from the Pargo Cluster in the Campos Basin offshore Brazil. This follows recent clearance from the Brazilian regulatory authorities earlier. The vessel, converted in Dubai, has a crude storage capacity of 740,000 bbl. It is anchored by nine moorings connected to a new integrated turret system, and it... Continue Reading →

AFRY to Support Colombia’s Offshore Wind Commercialisation

(OW) Swedish supplier of engineering, design, and advisory services, AFRY, has revealed that it will support the Colombian Government in the identification of offtake mechanism for commercialisation of offshore wind energy in the country. According to AFRY, the company’s support will allow the Colombian Government to formulate the mechanism that supports offshore wind energy commercialisation... Continue Reading →

‘Significant milestone’ as DOF performs offshore ROV mission piloted from onshore

(OET) Norway’s DOF has performed its first-ever offshore ROV mission piloted from onshore, an operation that the company sees as a significant milestone. “I’m enthusiastic about the successful implementation of ROV remote operations and the positive impact this will have on our company’s future. Going forward, we will mature the technology further and commercialise it... Continue Reading →

Gazelle Wind Power And Tugdock Work Together to Reduce Cost of Floating Offshore Wind Platform  

Gazelle Wind Power (Gazelle), the developer of a next-generation floating offshore wind platform, and Tugdock, developers of the world’s first road-transportable floating dry dock known as the Tugdock Submersible Platform, have signed a Memorandum of Understanding to co-develop a modular offshore wind assembly system, that is expected to dramatically drive down costs and increase production... Continue Reading →

Brazil’s Petrobras could increase stake in Braskem to facilitate sale -source

(Reuters) - Brazil's government believes state-run oil firm Petrobras (PETR4.SA) could increase its stake in petrochemical producer Braskem (BRKM5.SA) to facilitate an eventual sale to foreign buyers, a person familiar with the discussions said on Tuesday. Probes of Braskem have mounted as the ground has been sinking in the city of Maceio, in Alagoas state, where the company operates... Continue Reading →

ING to Ditch Upstream Oil and Gas by 2040

(Reuters) Dutch lender ING will stop financing oil and gas exploration and production by 2040 and triple new lending to renewable energy over the next two years as part of an updated climate strategy, the bank's chief executive told Reuters. Investors and regulators are increasingly pushing banks to green their operations and many are looking to tighten... Continue Reading →

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