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Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) announced today that it made a proposal to the Board of Directors of DOF Group ASA (“DOF”) on Thursday 15 June 2023 to acquire the entire issued share capital of DOF. Subsea7 has offered holders of DOF equity NOK 35 per share, comprised of NOK 7 in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news published in the media, informs that there is no decision from the Executive Board or the Board of Directors in relation to the process of divestment or increase of interest in Braskem. Petrobras is currently developing analyses to define the best alternative for executing its... Continue Reading →
SSE Renewables is calling on European governments and regulators and internationally to make greater use of non-price criteria (NPC) in offshore wind energy auctions, whether for seabed or for contracts for difference (CfD). The renewable energy company said that the use of non-price criteria in auctions for new offshore wind can help support a sustainable... Continue Reading →
(OW) Offshore wind turbine and foundation installation companies Cadeler and Eneti have signed a business combination agreement to establish a new company. The parties said this will enable them to operate more efficiently and target larger and more complex projects as requested by customers. They agreed to merge through a stock-for-stock exchange offer to be... Continue Reading →
(OET) Baker Hughes has secured a subsea contract with Italian energy giant Eni and its partner Petroci to deploy its deepwater technology for an oil and gas field offshore the Ivory Coast. Under the contract, which includes eight deepwater trees, Baker Hughes will deliver three Aptara manifolds, the relevant subsea production control system, and flexible risers... Continue Reading →
(Bloomberg) -- Petroleo Brasileiro SA is not considering proposing an offer to buy out Brazilian petrochemical maker Braskem SA, according to people familiar with the matter. The government-owned oil producer known as Petrobras, which holds a 36.1% stake of Braskem, is not planning to pose an offer to acquire the remaining stake in the company... Continue Reading →
(OE) Danish renewable energy firm Copenhagen Energy has received support from the Western Australia Government as it progresses plans for its Leeuwin Offshore Wind Farm project.The project has been awarded Lead Agency status by the Department of Jobs, Tourism, Science and Innovation. The Lead Agency Framework is reserved for significant projects with the capacity to... Continue Reading →
(OE) BladeBUG, a UK-based robotics company which designs and develops spider-like repair robots for the wind industry, has has announced collaboration with non-destructive testing (NDT) specialist, FORCE Technology. The joint project will see FORCE Technology produce custom NDT solutions for integration within BladeBUG's innovative crawler robot, which is specifically designed to maintain and inspect wind... Continue Reading →
(OET) Two 220 kV high-voltage alternate current (HVAC) three-pole submarine cables have been installed for Vineyard Wind 1, America’s first large-scale offshore wind project. Prysmian Group, the supplier of the submarine cables, said that the operations proceed on time with the schedule and that their cable-laying vessel Ulisse is ready to perform submarine cable joints. Prysmian’s Cable Enterprise began installing the... Continue Reading →
As the spending on clean energy seems to be growing by leaps and bounds while investments in fossil fuels are not keeping up with this pace, the International Energy Agency (IEA) believes that this pivot to green and low-carbon sources is paving the way for peak oil demand to come into view. Is black gold... Continue Reading →
Brazil Energy Insight 