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(OE) Energy and telecom cable firm Prysmian Group has secured contracts worth approximately €1.8 billion (currently around $1.9 billion) in total with the Dutch transmission system operator TenneT for the two grid connection projects IJmuiden Ver Alpha and Nederwiek 1 to link two future offshore wind farms located in the Dutch North Sea to the... Continue Reading →
Oslo-listed oil and gas company BW Energy said its planned acquisitions of Petrobras' working interest in Golfinho and Camarupim deepwater oil fields, and the related FPSO from Saipem, were facing delays as a Brazilian ministry has ordered a review of Petrobras divestment program. "BW Energy has been informed by Petrobras of a review of the... Continue Reading →
(Reuters) The chief executive of Brazilian state-run oil company Petrobras said on Thursday the company must prepare for an "unavoidable" energy transition and wants to play a leading role in it. Jean Paul Prates highlighted in a conference call with analysts that Petroleo Brasileiro SA's deepwater operations put the company in a good position for wind... Continue Reading →
OneSubsea, a company of the SLB group (formerly Schlumberger), made a triple announcement: the signing of new equipment supply contracts for Petrobras, Enauta and PRIO (formerly PetroRio). In the agreement with Petrobras, OneSubsea will deliver 16 wet Christmas trees (ANMs) for the Buzios 10 project, in the Santos Basin pre-salt. OneSubsea also entered into two-phase... Continue Reading →
Flotation Energy and Vårgrønn, who recently filed a Marine Licence application for their 500 MW Green Volt floating wind farm in Scotland, have now submitted a Scoping Report for the 1.4 GW Cenos floating offshore wind farm to Marine Scotland. The developers have submitted leasing applications for both Cenos and Green Volt as part of... Continue Reading →
Houston-based Bleutec Industries announced it has received approval in principle (AIP) from the American Bureau of Shipping (ABS) for the designs of its Jones Act compliant offshore wind farm construction solution. Envisioned as an alternative to wind turbine installation vessels (WTIV), Bleutec's "binary marine installation solution" (BMIS) is a spread of DP2 vessels designed in... Continue Reading →
(Reuters) - Portugal's largest utility, EDP (EDP.LS), on Thursday said it would invest 25 billion euros ($27 billion) over four years with the aim of nearly doubling its installed renewable energy capacity to 33 gigawatts (GW) by 2026. In its strategic plan through 2026, EDP said 21 billion euros would be invested by its wind and... Continue Reading →
The world’s largest offshore support vessel (OSV) owner and operator Tidewater Inc. is optimistic that the recovery for a continued recovery of the offshore vessel market as demand for oil and gas supplies increases. Tidewater saw rise last year to $647.7 million, an increase of 74.6% compared 2021 thanks to its acquisition of Swire Pacific Offshore.... Continue Reading →
(Reuters) U.S. company New Fortress Energy said on Tuesday it planned to finish building its first Fast LNG unit in May before moving the plant to offshore Altamira in Mexico in June and producing liquefied natural gas (LNG) there in July. "We're less than 100 days away from our first (Fast) LNG setting sale to... Continue Reading →
Petro Rio S.A. (“Company” or “PRIO”) (B3: PRIO3) announces its 4Q22 & 2022 earnings. HIGHLIGHTS FOR THE YEAR Click here for the Earnings Release.
Brazil Energy Insight 