Brought to you by Quest Offshore & Southern Cone Consultants
(OM) SBM Offshore has ordered the eighth Fast4Ward MPF FPSO hull under its Fast4Ward program. CMHI (China Merchants Heavy Industry Co.) will construct the hull. To date, SBM has delivered six hulls to confirmed field developments and has granted exclusivity for the seventh to ExxonMobil Guyana. In its latest results review, the company provided an... Continue Reading →
Wilson Sons, a leading Brazilian port and maritime logistics company based in Brazil, posted net revenue of R$ 570 million in the first quarter of 2023 (1Q23), 7.8% higher than the same period in 2022 (R$529 million). EBITDA (earnings before interest, taxes, depreciation and amortization) totalled R$239.5 million, in line with the first quarter of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on 03/31/2023, 03/14/2023, 04/13/2023, 05/02/2023, and 05/05/2023, informs that it has obtained authorization from the National Agency of Petroleum, Natural Gas, and Biofuels (ANP) to resume production from four more facilities in the Bahia Terra Cluster (Água de Taquipe Treatment and Injection Station, Fazenda... Continue Reading →
(OE) Spanish offshore wind developer Iberdrola said Friday it had installed the first wind turbine at the offshore farm in the bay of Saint-Brieuc, France. The installation of the first of 62 wind turbines for the Saint-Brieuc wind farm was carried out on May 12 by Siemens Gamesa Renewable Energy. This operation was carried out... Continue Reading →
(Reuters) Prysmian, the world's largest cablemaker, said on Thursday its core earnings jumped 48% in the first quarter, beating estimates, as it continued to profit from global trends in energy transition and electrification. However, despite strong quarterly results, the company refrained from upgrading its forecasts for its full-year adjusted earnings before interest, tax, depreciation and... Continue Reading →
(OW) Ireland has selected four projects with a combined capacity of nearly 3,100 MW in the first offshore wind auction under the Renewable Electricity Support Scheme (ORESS 1). The four projects are the 1,300 MW Codling Wind Park owned and developed by a 50/50 joint venture of Fred. Olsen Seawind and EDF Renewables; the 824 MW Dublin Array owned... Continue Reading →
TotalEnergies has announced that it is joining two consortia led by Ocergy and Esteyco which recently were awarded Phase One of the FLoating Offshore Wind ReadINess (FLOWIN) Prize by the US Department of Energy (DOE). OCG-Wind Full Cycle is a project by Ocergy that is being developed in Oakland, California. The company, one of whose shareholders... Continue Reading →
Dear shareholders and investors, I am very proud to share with you the first quarterly results of Petrobras under our management. Since I became CEO, in January, I have been working so that Petrobras can become more efficient, financially healthy and inclusive, where people are the focus of decisions and the top priority. If today... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (BoD), at a meeting held today, approved the payment of shareholder remuneration in the amount of R$ 1.893577 per outstanding common and preferred share, as anticipation for 2023, declared based on the balance sheet of March 31, 2023. Additionally, the BoD determined that the... Continue Reading →
(Valor) American fund manager Oaktree entered the dispute for Ocyan, Novonor's (formerly Odebrecht) oil and gas company, Pipeline learned. Oaktree and another American fund, EIG Global Energy Partners, are in the final stages of a non-binding process of evaluating numbers for a purchase proposal. Investors had access to the data room and the deadline for... Continue Reading →
Brazil Energy Insight 