Petróleo Brasileiro S.A. – Petrobras informs that today it obtained an unfavorable decision by the Third Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Council of Tax Appeals (CARF), as the Panel dismissed, by majority, the special appeals filed by the Company and ruled that CIDE and PIS/COFINS Import... Continue Reading →
Engeman bags Petrobras tender for the Roncador Cluster
Engeman won the tender from Petrobras and will expand its presence the Roncador Cluster, one of the largest oil and gas producers in Brazil. This time, the Company will be responsible for a variety of activities in disciplines such as mechanical, electrical, instrumentation, refrigeration, maintenance planning, cargo handling, climbing services, refrigeration engineering, air conditioning, inspection,... Continue Reading →
How is European and U.S. oil majors’ energy transition journey shaping up? Wood Mac
While the transition to low-carbon and green sources is making strides on the global energy stage, the major energy players in Europe and the U.S. have been making progress at a different pace with Big Oil keeping oil and gas firmly in the driving seat. However, Wood Mackenzie, an energy intelligence group, believes all roads... Continue Reading →
Offshore oil & gas set for growth with $214 bln of investments in the pipeline: Rystad
With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, according to Rystad Energy, an energy market intelligence group. Rystad Energy’s research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022 and will break it again... Continue Reading →
Ocean Installer to Install Cables at World’s Largest Floating Wind Farm
Offshore installation company Ocean Installer has won a contract with Equinor for the installation of dynamic inter-array cables on Hywind Tampen in Norway. Hywind Tampen is the world’s largest floating wind farm and will be used to partially power Equinor's oil and gas platforms in the North Sea, offshore Norway. The wind farm is expected... Continue Reading →
Ørsted, Eversource Bid to Build 884MW Offshore Wind Farm in Rhode Island
Offshore wind developers Ørsted and Eversource said Monday they had submitted a joint proposal in response to Rhode Island's offshore wind solicitation. Ørsted said that the proposed project, named Revolution Wind 2, would, if selected, create "hundreds of local jobs and unprecedented investments in port improvements and shipbuilding." The project is designed to have a capacity... Continue Reading →
Japan’s Emerging Offshore Wind Market Attracting Norwegian Supply Chain and Developers
(OE) Offshore wind organizations Norwegian Offshore Wind in Norway and JWPA in Japan signed an MOU in Tokyo to get business going between the two countries' offshore wind companies. "Both the Norwegian supply chain and developers are interested in the emerging Japanese market. Especially within floating projects, the potential for contracts is large," Norwegian Offshore... Continue Reading →
ING toughens oil and gas policy to include trade finance, midstream
(Reuters) - Dutch lender ING (INGA.AS) on Tuesday said it had again toughened its lending policy to the oil and gas sector, restricting finance to clients engaged in commodity or trade finance and "midstream" infrastructure. ING, a leading provider of commodity finance, said it was working on a methodology to reduce the volumes of traded oil and... Continue Reading →
Petrobras on Bahia Terra Cluster sale and production
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news released in the media, informs that the divestment process of the Bahia Terra Cluster is in the negotiation phase with the consortium of companies Petrorecôncavo and Eneva, and no decision has been taken by the Executive Board and the Board of Directors concerning these assets,... Continue Reading →
Offshore Wind Hub Planned at Avondale Global Gateway in Louisiana
(OE) An offshore wind hub is coming to the site of the former Avondale Shipyard in Louisiana as the region ramps up to service the growing renewable energy industry in the U.S. Gulf of Mexico. New Orleans-based Gulf Wind Technology (GWT) announced Monday it is collaborating with energy supermajor Shell to establish a research, training... Continue Reading →
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