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Guyana's economy will boom again this year as it grows by an expected 38% thanks to "unparalleled" oil sector expansion, according to a forecast from the International Monetary Fund (IMF) released on Monday. The latest 2023 estimate follows real gross domestic product (GDP) expansion of 62% in the South American country last year, which was... Continue Reading →
Italian oilfield services provider Saipem has taken delivery of a recently chartered seventh-generation drillship, which is expected to work for Eni off Ivory Coast in West Africa, following a deal worth $400 million. Saipem entered into a three-year firm bareboat charter agreement with Deep Value Driller for the Deep Value Driller drillship. This contract may be extended by up... Continue Reading →
(Reuters) Colombia's government is considering revising rules to make majority state-run energy company Ecopetrol an obligatory partner in every offshore wind project, three people familiar with the matter told Reuters. The Ministry of Mines and Energy will consult businesses interested in taking part in Colombia's first-ever offshore wind auction about the proposal, one of the sources said in recent days, adding... Continue Reading →
Petrobras signed a contract with Porto do Açu to support the decommissioning of oil and gas production platforms. The agreement provides for the provision of dock space for the temporary docking of production units undergoing decommissioning, until the final destination of the unit is defined, in accordance with the best international practices in green recycling... Continue Reading →
(Bloomberg) An oil tanker carrying Russian crude is now approaching the coastline of Brazil after 16 days of journey from a terminal in the Arctic sea. The Aframax-class tanker Stratos Aurora is now about 500 miles from the Latin American country’s waters, according to ship tracking data compiled by Bloomberg. It loaded about 650,000 barrels... Continue Reading →
(OE) Norwegian offshore vessel owner DOF has completed the sale of the Skandi Neptune construction support vessel. DOF had agreed to sell the 2001-built vessel to an unnamed "international buyer," in September 2021. It, at the time, said the 104.2 meter-long vessel, would be delivered to the new owner "after completing its current commitments." The vessel, at... Continue Reading →
(OET) Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States was on the rise last week while the total number of rigs operating in the U.S. also went up a notch to 632 from 631 units recorded during the week before. Following the fall in offshore rig activity for... Continue Reading →
(OE) Japan's Mitsui O.S.K. Lines (MOL) will invest in a floating wind technology start-up, TouchWind. TouchWind is developing the tilting angled one-piece rotor wind turbine which is expected to reduce wind interference between wind turbines that tends to occur in large wind farms and improve overall wind farm power generation efficiency. In addition, MOL said,... Continue Reading →
(OET) Aberdeen-based Archer Knight (Holdings) Limited has revealed a merger deal to acquire Singapore’s Energy Maritime Associates (EMA), which will enable both players to redefine their position in the offshore energy market intelligence landscape while paving the way for an expanded employment plan. This merger, which combines two specialist offshore energy advisory firms with distinct... Continue Reading →
Eversource Energy has completed its sale of an uncommitted lease area off the south coast of Massachusetts to its joint venture (JV) partner Ørsted for USD 625 million. The all-cash transaction, which was announced in May, closed today following approval from the Committee on Foreign Investment in the United States. The deal with Eversource provides... Continue Reading →
Brazil Energy Insight 