(OE) Gazelle Wind Power, a Dublin-based company that develops foundations for floating offshore wind farms, has partnered up with renewable energy developer WAM Horizon to accelerate the development of a pilot plant using Gazelle’s floating wind platform in Aguçadoura, Portugal. WAM will provide Gazelle with strategic advisory to successfully implement this project. Portugal-based WAM Horizon... Continue Reading →
PRIO March 2023 Operational Data
Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of March. Key: (1) The figures refer to PRIO's 90% interest in Albacora Leste, assuming production throughout the month. As the acquisition’s closing happened on January 26, 2023, the field... Continue Reading →
Petrobras on contracting FPSOs for Sergipe deepwater project
Petróleo Brasileiro S.A. – Petrobras informs that it has started the contracting process for the chartering of two platform vessels for the Sergipe Deepwater Project (SEAP), in the Sergipe-Alagoas Basin, about 100 km off the coast. The FPSO (floating production, storage, and oil transfer system) type units will be strategic to expand the availability of... Continue Reading →
Vestas’ 15MW Offshore Wind Turbine Prototype Reaches Full Power Rating
(OE) Danish offshore wind turbine maker Vestas said Monday that its most powerful wind turbine, the V236-15.0 MW prototype, stretching 280 meters into the air, had reached 15 MW nominal power rating. "The prototype was installed in December 2022 and produced its first kWh of power shortly after. Since then, the turbine has been through a... Continue Reading →
Sembcorp Marine Proposes Name Change Following Merger with Keppel Offshore & Marine
Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited." This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28, 2023, and will adopt a new branding for the enlarged entity. "The proposed change of name... Continue Reading →
RWE, Entergy Team Up to Explore Gulf of Mexico Offshore Wind Potential
RWE and US utility Entergy have signed a Memorandum of Understanding (MoU) to jointly evaluate developing offshore wind in the Gulf of Mexico. Under the MoU, RWE and Entergy agree to assess four key areas to define an optimal route-to-market including the market demand for carbon-free energy for customers of Entergy Louisiana, Entergy New Orleans,... Continue Reading →
Heerema Installs 24 Turbines at Arcadis Ost 1 Offshore Wind Farm Using Unique Method
(OE) Heerema Marine Contractors has completed the installation of 24 turbines for Parkwind’s Arcadis Ost 1 offshore wind farm and most turbines are already producing electricity. Three remaining turbines will be installed later this year. The 257 MW offshore wind farm is located in the German section of the Baltic Sea, northeast of the island... Continue Reading →
Saipem Bags Offshore Contracts Worth $650M
(OE) Italian energy industry services firm Saipem said Monday it had won three new offshore contracts and two competitive FEED contracts totaling around $650 million. Azule Energy has assigned the first contract for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 kilometres offshore Angola, about 20 kilometres west of the N’Goma... Continue Reading →
Oil Surges as OPEC+ Surprise Output Cuts Shake Markets
(Reuters) - Oil prices surged on Monday, posting their biggest daily rise in nearly a year, after a surprise announcement by OPEC+ to cut more production jolted markets. Brent crude was trading at $84.53 a barrel as of 1115 GMT, up $4.64, or 5.8%, after touching the highest in a month at $86.44. West Texas... Continue Reading →
Petrobras on Bahia Terra production
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on March 14, 2023, informs that it obtained, on Friday (03/31), authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from the Araçás field, located in the Bahia Terra Cluster. Thus, the company started the execution of operational... Continue Reading →