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(OE) Renewable energy firms Mainstream Renewable Power and Ocean Winds have partnered to develop a second ScotWind floating offshore wind site of 500 MW east of Shetland, expanding the overall footprint of the Arven Offshore Wind Farm to 2.3 GW. Arven comprises two sites. The first is the 1.8 GW site east of the Shetland... Continue Reading →
Dutch offshore and marine services firm Boskalis said its Offshore Energy division saw its revenue increase by 50%, with an EBITDA increase of almost 70% in the first half of 2023. All business units within the Offshore Energy branch saw increases in both revenue and earnings. "A busy first half of the year was also reflected... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Fact of 05/11/2023, informs that it will pay today the first installment of the remuneration to shareholders for the first quarter of 2023. The gross amount to be distributed today is R$ 0.946788 per common and preferred share, of which R$ 0.278179 per share in... Continue Reading →
(OET) Offshore accommodation provider Prosafe is optimistic about the demand outlook for 2024 and beyond, thanks to a substantial boost in tendering activity for this period. As a result, the vessel owner is anticipating higher day rates and fleet utilisation in the future. Prosafe recorded revenues of $21 million in 2Q 2023, compared to $60.9... Continue Reading →
(OE) Offshore drilling contractor Transocean said Wednesday that the world’s first subsea 20,000 psi blowout preventer (BOP) had been successfully deployed from its Deepwater Titan drillship. The 20K BOP stack, supplied by NOV, is designed for use with extremely high-pressure reservoirs and can be used in ultra-deepwater applications "This cutting-edge technology opens up new opportunities... Continue Reading →
(Reuters) - Chinese national oil and gas company CNOOC Ltd (0883.HK), on Thursday posted a 11.3% fall in first-half profit as lower realised oil prices squeezed margins despite higher output. Net profit fell to 63.8 billion yuan ($8.76 billion) from 71.9 billion a year earlier, CNOOC said in a filing to the Hong Kong Stock Exchange.... Continue Reading →
The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to energy intelligence group Wood Mackenzie. This figure is based on Wood Mackenzie’s base case outlook which forecasts annual capacity additions to hit... Continue Reading →
(PN) PPSA carried out, this week, the direct sale to Equinor of the Union's second oil load from the Atapu field, in the Santos Basin pre-salt. The Norwegian oil company purchased 500,000 barrels of oil, with a price offer based on the reference value established for Atapu oil by the National Petroleum Agency (ANP). In... Continue Reading →
(PN) Shell notified the National Petroleum Agency (ANP) about the discovery of signs of natural gas in well 1-SHEL-35A-RJS, located in block C-M-659, in the Campos Basin. The well is in a water depth of 2,940 meters and was drilled by the Maersk Developer rig. As a reminder, block C-M-659 was acquired by Shell in... Continue Reading →
(Reuters) There is no contradiction between defending an ecological transition and new oil exploration fronts, the chief of staff for Brazil President Luiz Inacio Lula da Silva said on Wednesday, as state-run giant Petrobras seeks clearance to drill a well at the mouth of the Amazon River. "It's in the name - it is an... Continue Reading →
Brazil Energy Insight 