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(OE) Vestas has received a 203MW order to power an undisclosed wind project in the US. The order consists of 45 V163-4.5MW wind turbines. The orders include supply, delivery, and commissioning of the turbines, as well as a multi-year Active Output Management 5000 (AOM 5000) service agreement, designed to ensure optimized performance of the asset. Turbine delivery begins in the... Continue Reading →
(Reuters) International energy companies, from Germany's RWE to Spain's Iberdrola, are urging Japan to beef up offshore wind power auctions and make investments more attractive, amid soaring installation costs as competition for suppliers grows worldwide. Although desperate to ease its heavy dependence on energy imports from the Middle East and Russia, Japan is coming late to offshore wind,... Continue Reading →
Bekaert today announces the acquisition of 75% of shares in Flintstone Technology Ltd. Flintstone, based in Dundee Scotland, provides mooring technology solutions, systems design and testing capabilities for the global offshore energy markets. It offers a range of products and services including connectors and tensioners for permanent mooring. Bekaert’s ambition is to be the leading... Continue Reading →
(Reuters) - Brazil is expected to join the OPEC+ group of oil-producing countries in January but would not take part in the group's coordinated output caps, the chief executive of state-run oil firm Petrobras (PETR4.SA) told Reuters. The group's surprising announcement on Thursday that the South American nation would join it raised immediate questions on whether Brazil would take... Continue Reading →
(Reuters) - Colombia's state-run oil company Ecopetrol (ECO.CN) will invest between $5.7 billion and $6.7 billion and produce up to 730,000 barrels per day equivalent (boepd) in 2024, it said in a statement. A majority of that spending, about $4.8 billion, will go toward keeping production between 725,000 and 730,000 boepd, the company's refineries at between 420,000... Continue Reading →
(Reuters) - Brazil hopes to join the OPEC+ group of oil-producing countries in January after a full technical analysis, the country's energy minister said on Thursday, however sources said Brazil is not expected to take part in the group's coordinated output caps. President Luiz Inacio Lula da Silva's office confirmed receiving the invite during his... Continue Reading →
(Reuters) - OPEC+ oil producers on Thursday agreed to voluntary output cuts totalling about 2.2 million barrels per day (bpd) for early next year led by Saudi Arabia rolling over its current voluntary cut. Saudi Arabia, Russia and other members of OPEC+, who pump more than 40% of the world's oil, met online on Thursday... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras (“Petrobras” or “Company”) informs that it was notified of the decision made by the Minister Rapporteur of the Federal Court of Auditors (“TCU”) within the scope of the process TC 037.414/2023-2, regarding the Extraordinary General Meeting (“AGE”) for changes to its Bylaws (“Bylaws”). The Minister Rapporteur of the TCU, following the... Continue Reading →
The Chamber of Deputies approved the legal framework for offshore wind farms, an important step forward for the development of projects of this type in the country. However, the inclusion of amendments not related to the main theme of the text raised concerns and generated complaints in the sector. Bill 11,247/2018 received 403 votes in... Continue Reading →
(OM) Wintershall Dea has submitted an appraisal drilling plan to build on its recent Kan oil discovery in Block 30 in the shallow-water Sureste Basin offshore Mexico. According to partner Harbour Energy, the partners aim to start drilling next year. Exploration started in October 2022 and led to the Upper Miocene Kan-1 discovery this April, drilled by the... Continue Reading →
