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Petróleo Brasileiro S.A. – Petrobras announces the pricing of a new global notes issue, in the total volume of US$ 1.25 billion, through its wholly-owned subsidiary Petrobras Global Finance B.V. - PGF. The terms of the issue of the new global notes are as follows: Issue: 6.5% Global Notes due 2033 Amount: US$ 1.25 billion... Continue Reading →
(OET) UK-headquartered TechnipFMC has been hired by Azule Energy, a joint venture between BP and Eni, to provide subsea production systems for a development project offshore Angola. TechnipFMC deems the contract to be a “significant” one since it is between $75 million and $250 million. Thanks to this deal, the company will supply subsea production systems for Azule... Continue Reading →
(OW) POSCO International has signed a Memorandum of Understanding (MoU) with Denmark-based Copenhagen Infrastructure Partners (CIP) to cooperate on offshore wind and green hydrogen business development. Under the MoU, the two companies will work together to develop offshore wind projects in Pohang, which would serve as a base for supplying renewable energy to POSCO’s Pohang... Continue Reading →
German renewable energy group RWE has appointed Dr. Thomas Michel Chief Operating Officer (COO) of the company’s Offshore Wind business as of September 1, 2023. "Michel will take on responsibility for this newly created Board division as a very experienced manager who has worked at RWE for many years," RWE said. RWE said that the... Continue Reading →
French oil major TotalEnergies has been named the upstream industry's most admired explorer and has received the Discovery of the Year award in Wood Mackenzie's annual Exploration Survey. This is TotalEnergies' third time winning the most-admired explorer award. Dr. Andrew Latham, Senior Vice President, Energy Research, at Wood Mackenzie, said:"For the third time in our industry-leading... Continue Reading →
Lhyfe, a green hydrogen production specialist, said Tuesday that its offshore green hydrogen production pilot Sealhyfe recently started producing green hydrogen in what the company said is a world first. The Sealhyfe platform was recently towed 20 kilometers out into the Atlantic, off France, and connected with the SEM-REV power hub. "As of June 20... Continue Reading →
(OW) Bureau Veritas has been awarded a major contract to provide integrated site services for ScottishPower Renewables’ 1.4 GW East Anglia Three offshore wind farm in the UK. Under the multi-million-pound contract, Bureau Veritas will provide quality, fabrication management, and inspection services, representing ScottishPower Renewables within a significant portion of the project supply chain. In... Continue Reading →
(OW) Fugro will expand its regional centre of expertise for offshore wind, located in Norfolk, Virginia, as the company’s Virginia operations have grown over the past decade with the increase in the number of offshore wind projects on the US East Coast. The expansion, which was announced by Virginia Governor Glenn Youngkin on 26 June,... Continue Reading →
(OW) Offshore Wind Consultants, an ABL Group company headquartered in London, has entered into an agreement to acquire 100 per cent of the shares of Denmark-based offshore wind consultancy, Delta Wind Partners (DWP). The acquisition, expected to close in the third quarter, is said to expand OWC’s technical offering in wind turbines and in consultancy at... Continue Reading →
Petrobras made new advances in its exploratory program in the Santos Basin. This time, the company started drilling the second extension well in block SM-623, where the Sagitario prospect is located. The well received the technical name 3-BRSA-1388D-SPS and is located in a water depth of 1,867 meters. Drilling meets a requirement made by the... Continue Reading →
Brazil Energy Insight 