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(Reuters) - Exxon Mobil (XOM.N) and Chevron (CVX.N) are flush with cash yet their acquisition targets are taking stock as the only form of payment, an arrangement that allows the two largest U.S. energy companies to clinch transformative deals despite volatile oil and gas prices. Chevron said on Monday it would acquire Hess (HES.N) in a $53 billion all-stock deal, less than two... Continue Reading →
(Reuters) - Chinese national offshore oil and gas major CNOOC Ltd (0883.HK), on Tuesday revised up its 2023 capital spending to a record on building new production capacities, after reporting an 8.13% fall in third-quarter profit on lower realised oil prices. Despite higher oil and gas output, net profit during July-September period fell to 33.88 billion... Continue Reading →
(Reuters) - Halliburton (HAL.N) reported a 32% rise in third-quarter profit on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. Oil and gas companies, who rely on service providers for drilling, well construction and completion services, are reinvesting record profits from the market disruption caused by Russia's invasion of Ukraine to... Continue Reading →
(OW) The Netherlands will reach, and exceed, the target set in its Offshore Wind Energy Roadmap 2023 by the end of this year. The country’s first offshore wind roadmap, created following the Dutch Energy Agreement signed ten years ago, sets a goal of 4.5 GW of installed capacity by the end of 2023 – and... Continue Reading →
Petrobras began a new sequence of wind energy measurements on the coast of Rio Grande do Norte (RN), with version 2.0 of the equipment called Bravo - Remote Offshore Wind Assessment Buoy , an improvement in technology that has never been seen in Brazil, developed by its Research and Development Center (Cenpes). The result of... Continue Reading →
(Reuters) - Chevron Corp (CVX.N) said on Monday it will buy smaller rival Hess Corp (HES.N) in a $53 billion all-stock deal, putting the company head to head with rival Exxon (XOM.N) in two of the world's fastest growing oil basins - shale and Guyana. The deal comes weeks after Exxon made a $59.5 billion offer for Pioneer Natural Resources (PXD.N) that would make it the biggest... Continue Reading →
Chinese wind turbine manufacturer MingYang Smart Energy has unveiled a new offshore wind turbine model with a rated capacity of 22 MW – the MySE 22MW. The MySE 22MW model would be the most powerful wind turbine in the world and would feature a 310+ metre rotor. Equipped with carbon-fibre blades, the turbine would be... Continue Reading →
(OET) Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, together with Aker, developed and negotiated NOK 9.7 billion (almost... Continue Reading →
French energy major TotalEnergies said Monday it had partnered with Corio Generation (Corio), an offshore wind developer, and Rise Light & Power (Rise), a New York-based electricity producer, for the joint development of the Attentive Energy offshore wind project off the coast of New York and New Jersey. Corio and Rise took respective stakes of... Continue Reading →
Global oceans insights experts Miros, through local partner Belga Marine, has won a significant contract with Brazilian oil major Petrobras to update its existing oil spill detection efforts. As part of the development project, the Miros system will be matured and installed with a cloud-based add-on to the monitoring software currently in use offshore Brazil,... Continue Reading →
Brazil Energy Insight 