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(Reuters) Australia's Woodside Energy Group has returned a deepwater block to the Trinidad and Tobago government after an exploration appraisal found it would be uneconomic to develop, a company spokesperson said on Wednesday. Trinidad and Tobago is pushing to speed up exploration and development of offshore areas aiming to secure natural gas supplies to feed its liquefied... Continue Reading →
(Reuters) - Norwegian oil services firm Aker Solutions (AKSOA.OL) on Thursday raised its full-year sales guidance on the back of high tender activity and increased spending from oil companies. It said it now expected revenues to increase by around 30%, up from guidance given in May for "more than 15%". It reiterated guidance for an improved operating... Continue Reading →
Texas-based oilfield services company Weatherford has won a five-year contract to provide Intervention Services for Petróleo Brasileiro S.A. ("Petrobras") in Brazil. "Weatherford has performed Intervention Services in Brazil for more than 20 years in close cooperation with Petrobras to develop a comprehensive offering to address subsea intervention and commissioning," the company said. Weatherford said it... Continue Reading →
(OE) U.S. offshore vessel owner Hornbeck Offshore Services, best known for its offshore oil and gas support vessel services, is looking at business opportunities in the growing U.S. offshore wind sector as well as in offshore accommodations services in the oil and gas area. For that, Hornbeck Offshore said Wednesday it had contracted Eastern Shipbuilding Group,... Continue Reading →
(OW) Germany’s first dynamic bidding process, covering four offshore wind zones with a combined capacity of 7 GW, has generated EUR 12.6 billion in proceeds, according to the Federal Network Agency. The bidding period for the participation in the tenders for the four areas that were not centrally pre-examined ended on 1 June. The auction... Continue Reading →
(OW) UK-based Jee Limited (Jee) and the Dutch consultancy IX Renewables have agreed to join forces on the development of a series of offshore wind projects, including floating wind farms. IX Renewables will set up and manage the developments while Jee will provide engineering services throughout the lifespan of the projects, including conceptual, FEED, and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that, as a follow-up to the release disclosed on May 29, 2023, it has entered into a new natural gas contract with Companhia de Gás de São Paulo ("Comgás"), effective from January 2024 until December 2034, in the estimated amount of R$ 56 billion. The contract is the result... Continue Reading →
Norwegian state-owned oil and gas giant Equinor has disclosed video footage, showing a floating production storage and offloading (FPSO) vessel, which will work on its field offshore Brazil, leaving a Chinese shipyard, following 32 months of work. Equinor’s video shows the FPSO Bacalhau hull leaving the Dalian Shipbuilding (DSIC) shipyard in China. This comes over a month after... Continue Reading →
(Reuters) Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said. The reduced production implies that, in total, Pemex will lose at least 2 million barrels of... Continue Reading →
Vast Infraestrutura (formerly Açu Petróleo) achieved an important contract renewal with Petrobras. The new agreement will last for three years and provides for the provision of oil transshipment services at Porto do Açu. This is the second contract renewal between Petrobras and Vast, which started the partnership in March 2019. “This achievement represents not only... Continue Reading →
