Brought to you by Quest Offshore & Southern Cone Consultants
Prosafe has provided a status report on its fleet of accommodation support rigs in its latest results review. Late last year Safe Zephyrus completed its contract with bp at ETAP in the central UK North Sea and is presently heading west from the Canary Islands to Brazil to start a program for Petrobras on May 1. Earlier this month, Safe... Continue Reading →
N-Sea Group has finished a series of benthic and geophysical surveys for Llŷr 1 and Llŷr 2 floating offshore wind projects in the Celtic Sea. N-Sea conducted the offshore surveys using its N-Sea Spirit vessel, establishing a baseline ground model which will be developed as the project matures, Floventis Energy said, the developer of the projects. The... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it received Official Letter 166/2023/GM-MME from the Ministry of Mines and Energy (MME) yesterday requesting the suspension of the sales of assets for 90 (ninety) days, due to the reassessment of the National Energy Policy currently underway and the establishment of a new composition of the National Energy... Continue Reading →
(Reuters) - Peru's state-owned oil company Petroperu signed a license agreement on Tuesday to return to producing crude oil, starting at one of the country's largest oil blocks, with plans to invest $638 million in the site to develop new wells. Petroperu will take over Block 192, located in the Amazon near the border with... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, informs its investors and the market in general that the production at Papa Terra Cluster has been temporarily interrupted, as of 25 February 2023, due to limitations in the energy generation and supply system... Continue Reading →
(Reuters) Italian energy services group Saipem aims to raise about 750 million euros ($796 million) from the partial sale of assets in its drilling business, CEO Alessandro Puliti said on Tuesday, citing shallow water vessels in particular. Saipem, in which energy group Eni and Italian state lender CDP own stakes, has pledged to sell assets... Continue Reading →
(Reuters) - Chevron Corp. (CVX.N) Chief Executive Michael Wirth on Tuesday said a consolidation between the five top Western oil producers remains a possibility but would face regulatory hurdles. Soaring stock prices and cash levels at oil-focused U.S. energy majors has driven Wall Street talk of potential deals for European oil producers. Citi analysts in January speculated... Continue Reading →
(Reuters) - A U.S. judge on Tuesday ordered Glencore Plc (GLEN.L) to pay $700 million in connection with its guilty plea over a decade-long scheme to bribe foreign officials across several countries. The sentence handed down by U.S. District Judge Lorna Schofield in Manhattan federal court consisted of a $428.5 million fine and $272 million in forfeiture,... Continue Reading →
RWE and Northland Power have selected wind turbine maker Vestas as the preferred supplier for their up to 1.6-gigawatt (GW) cluster consisting of four offshore wind farm sites in the German North Sea. A minimum of 104 15 MW Vestas offshore wind turbines (Type: V236-15.0 MW) are planned to be installed north of the island... Continue Reading →
(OEM) Australia’s engineering company Worley has partnered with Princeton University’s Andlinger Center for Energy and the Environment to measure the indicators of change in the journey to net-zero by 2050, outlining that countries need to move from years to weeks to develop and build their low-carbon energy infrastructure to meet the net-zero challenge. According to Dr Fatih... Continue Reading →
Brazil Energy Insight 