Petróleo Brasileiro S.A. – Petrobras announces that its wholly owned subsidiary Petrobras Global Finance B.V. - PGF plans to offer a new series of bonds in the international market in a new issue, subject to market conditions. The bonds will be issued with Petrobras' full and unconditional guarantee. PGF intends to use the net proceeds... Continue Reading →
Petrobras extends deadline for proposals for the new FPSO for the Albacora field in the Campos Basin
(PN) Petrobras has again extended the deadline for submitting proposals in the bidding process for contracting the new FPSO in the Albacora field. Now, the companies involved in the process will be able to file their bids until the 15th of September, as stated on the Petronect website. This is the second calendar postponement. As... Continue Reading →
DORIS Secures Second Contract for Gray Whale 3 Floating Offshore Wind Farm in South Korea
Offshore engineering services firm DORIS has secured a second Front-end Engineering Design (FEED) contract for the Gray Whale 3 floating offshore wind farm in South Korea. The scope of the FEED includes the project’s full electrical and communications system to the grid connection, array and export cabling, and all aspects of the fixed offshore substation... Continue Reading →
Ørsted, Repsol Forge Floating Wind Ties with Spanish Port
Ørsted and Repsol have signed a Memorandum of Understanding with the Port Authority of A Coruña to facilitate the development, construction, operation and maintenance of future floating offshore wind projects in Spain. Madrid-based multi-energy company Repsol and Ørsted signed an agreement in April last year to identify and jointly develop floating wind projects offshore Spain.... Continue Reading →
Italy’s Renexia exploring environmentally friendly solutions for floating wind project off Sicily
Renexia, the company behind Italy’s first offshore wind farm and the first to be built in the Mediterranean Sea, has contracted Seas Geosciences to study the most environmentally sustainable mooring and anchoring solutions for Med Wind, a 2.8 GW floating wind project proposed to be built in the Strait of Sicily. Seas Geosciences, part of Sealaska’s Woocheen... Continue Reading →
Prysmian’s new cable-laying vessel named after famous painting
Italy’s cabling giant Prysmian has selected the name for its new cable-laying vessel (CLV), said to reflect a strong connection with its sister vessel Leonardo da Vinci. The new 171-meter-long CLV, currently being built by Vard in Romania, will be named Monna Lisa. The name was chosen through an internal survey conducted among all 30,000 employees,... Continue Reading →
Petrobras Is Said to Plan First Dollar Bond Sale Since 2021
(Bloomberg) -- Brazil’s state-controlled oil producer Petroleo Brasileiro SA is readying to return to global debt markets with a benchmark sale as soon as Monday, people familiar with the matter said. Petrobras is expected to offer as much as $1.5 billion in 10-year notes, said the people, who asked not to be identified because the... Continue Reading →
Petrobras publishes Sustainability Report 2022
Petróleo Brasileiro S.A. – Petrobras informs that it filed, today, its 2022 Sustainability Report. In this important document you can find information about our main activities, management practices, indicators and commitments related to environmental, social and governance (ESG) issues. One of the main highlights of this year was the environmental projects supported by the Company,... Continue Reading →
IRENA: Annual Renewable Power Additions Must Triple by 2030
In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for raised global ambition in renewables deployment. The WETO 2023: 1.5°C Pathway positions electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen, and sustainable biomass and tracks implementation across all energy sectors.... Continue Reading →
PXGEO Awarded 3D OBN Project in Brazil
Marine geophysical company PXGEO on Friday announced it has secured a contract with Petrobras for a 3D ocean bottom node (OBN) survey in the Campos Basin, Brazil. The survey is to be acquired in water depths of 2,300 meters with a duration of approximately 10 months, the company said.