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(OW) The government of Sweden has rejected Vattenfall’s application to build an offshore wind farm at Stora Middelgrund off Sweden’s west coast, citing ”negative effects on the environment” and ”national interests” as the reasons for the decision. The Swedish government will not grant Vattenfall permission to build and operate the wind farm located offshore Halmstad, saying that ”the applicant has... Continue Reading →
(Reuters) Singapore's Keppel Corp KPLM.SI on Thursday reported a more than seven-fold jump in its first-half profit boosted by a one-off gain from the sale of its offshore and marine (O&M) unit and strong performance from the infrastructure business. Keppel sold its offshore and marine business in February for S$4.50 billion ($3.40 billion) to Sembcorp... Continue Reading →
(epbr) “The wind and the strength of our seas place us in a privileged position for the installation of wind energy projects, which will allow us to be the first country in Latin America to produce this energy offshore”, said the Minister of Mines and Energy of Colombia, Irene Vélez, at the end of May,... Continue Reading →
(OET) Fugro has reported a revenue of over €1 billion for the first half of 2023, representing a 24.1% growth from €833 million in the first half of 2022, said to be due to continued high client demand in energy markets, in particular for offshore wind site characterization solutions and related nearshore activities. In 1H... Continue Reading →
(Reuters) - Spanish oil company Repsol (REP.MC) said on Thursday that its adjusted profit fell sharply in the second quarter, dragged by lower energy prices, but came in above analysts' expectations. The adjusted profit for the period was 827 million euros ($917.4 million), down from 2.16 billion euros a year earlier, when oil and gas prices, as... Continue Reading →
(Reuters) - Shell (SHEL.L) and TotalEnergies (TTEF.PA) reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakened. Oil and gas prices soared last year in the wake of Russia's invasion of Ukraine but energy prices have dropped sharply this year as fears of shortages eased amid global... Continue Reading →
(Reuters) The chief executive officer of Mexican state energy oil Pemex on Wednesday sought to downplay an oil spill in the Gulf of Mexico this month, saying it was quickly fixed and less serious than academics had calculated. Pemex has been under intense pressure from non-governmental organizations and researchers from the country's top university to... Continue Reading →
In 2Q23, average production of oil, NGL and natural gas reached 2.64 MMboed, 1.5% lower compared to 1Q23, mainly due to higher volume of losses from stoppages and maintenance, the natural decline of mature fields and divestments. Those effects were partially offset by the ramp-up of P-71, in Itapu field, and the startup of FPSOs... Continue Reading →
(OE) Subsea 7's recently delivered Seaway Alfa Lift offshore wind foundation installation vessel is in transit to Europe and is expected to join Subsea 7's fleet in the third quarter of 2023. The semi-submersible heavy installation vessel, designed by Ulstein, will be used to install the next-generation XXL offshore wind foundations. The newbuild heavy lift... Continue Reading →
(OET) Following the onset of the Ukraine crisis, the global oil and gas industry embarked on a growth upcycle, raising concerns that this is putting net-zero 2050 commitments at risk. With this at the forefront, the energy supply chain is refocusing on the thriving oil and gas sector, triggered by a lack of consistent and... Continue Reading →
