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(Reuters) European energy companies, including Denmark's Orsted, will likely write down more of their U.S. offshore wind investments this week after BP and Equinor booked $840 million in impairments in recent days. Orsted, the world's largest offshore wind developer, said in August it may see impairments of 16 billion Danish crowns ($2.3 billion) on its... Continue Reading →
PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3) announces its earnings for the third quarter of 2023. HIGHLIGHTS FOR THE PERIOD Click here for the Earnings Release.
(OE) Crowley has named offshore wind veteran Christy Guthman as vice president of business development for its Wind Services business as the company grows in the clean, sustainable energy sector. Guthman most recently served as executive general manager of sales and commercial operations for GE Offshore Wind. During her tenure there, she built the company’s North American sales,... Continue Reading →
(OE) Offshore drilling firm Transocean posted a net loss of $220 million for the third quarter of 2023, on revenues of $713 million. Net loss was higher compared to $165 million in the second quarter of 2023. Contract drilling revenues for the three months ended September 30, 2023 decreased sequentially by $16 million to $713... Continue Reading →
Subsea 7 S.A. today confirmed the award of a major1 contract amendment by Petrobras for the development of the Mero 4 field2 located approximately 200 kilometres off the coast of the state of Rio de Janeiro, Brazil, at 2,200 metres water depth in the pre-salt Santos basin. The award was announced in redacted form on... Continue Reading →
(OE) Classification society DNV has issued a statement of qualified technology to SBM Offshore for its carbon capture plant or CO2 capture solution for FPSOs developed in partnership with Mitsubishi Heavy Industries. The statement verifies that the designated technology is feasible for the intended application and that the technical claims are adequately substantiated. The statement... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, informs that the Gabriel Passos Refinery, Regap, will receive investments to raise its energy efficiency, increase reliability and reduce carbon emissions. These are projects worth around R$ 2 billion by 2027, which reflect actions aligned with the company's Strategic Plan. Preliminary... Continue Reading →
(Reuters) BP on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts' forecasts as strong oil trading and refining margins were offset by weak gas results and the write down of a large chunk of a U.S. windfarm project. The British company maintained its dividend at 7.27 cents per share and extended its $1.5 billion... Continue Reading →
Fugro’s revenue for the third quarter of 2023 is €608.9 million, an increase from €480.2 million reported in the same quarter of 2022 – a result said to be due to better contracting conditions, high activity levels and good project execution. Fugro reported that its revenue was up by 32.6% on a currency-comparable basis, by... Continue Reading →
(OW) The US Bureau of Ocean Energy Management (BOEM) has finalized four new wind energy areas (WEAS) in the Gulf of Mexico that could support offshore wind projects with the potential to produce enough renewable energy to power more than three million homes. The four WEAs include Option J, 495,567 acres located approximately 47.2 miles off... Continue Reading →
