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Norway’s offshore engineering contractor Aker Solutions has revealed that its subsidiary CSE in Brazil was subjected to a cyber attack, which impacted its IT systems. While confirming the cyber-attack late on Tuesday, 14 February 2023, Aker Solutions said it was working to contain and neutralise the attack. However, the firm underlined that it was not... Continue Reading →
(Reuters) Guyana expects to finalize a new oil production-sharing agreement model on time for an auction that will collect bids through mid-April, the country's vice president told an energy conference on Tuesday. The South American country has emerged as one of the hottest offshore areas in decades with as much as 25 billion barrels of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a contract with the consortium formed by Alcatel Submarine Networks and Maersk for the construction and installation of the Permanent Seismic Monitoring System (PSMS) in the Mero field, in the Santos Basin. The Mero PSMS project has unprecedented features in Brazil and incorporates state-of-the-art 4D... Continue Reading →
(U) Norwegian oil and gas major Equinor has defended the strategy driving its renewables business division and said performance will improve as assets become operational. Equinor this week joined its energy peers in reporting stellar profits for 2022 and returning more capital to shareholders, with a record $74.9 billion in adjusted operating profits booked last... Continue Reading →
(Reuters) - Brazilian central bank governor Roberto Campos Neto said on Tuesday the country is not at a moment when "it would be good to experiment" on monetary policy, reinforcing that raising the inflation target would not give policymakers flexibility. Speaking at an event hosted by BTG Pactual, he reiterated that the tool of monetary policy is... Continue Reading →
(TN) Equinor has started the offshore installation campaign in the Bacalhau field, located in the Santos Basin. The work is performed under an integrated EPCI (Engineering, Procurement, Construction and Installation) contract with SIA - Subsea Integration Alliance, an alliance between OneSubsea® and Subsea7. Seven Pacific, Subsea7's construction/flex-lay vessel, capable of operating at depths of up... Continue Reading →
Atlantic Shores Offshore Wind, a 50:50 US partnership between Shell and EDF Renewables, has joined the Northeast Clean Hydrogen Hub, a major multi-state initiative in the US that plans to develop a proposal to become one of up to 10 regional clean hydrogen hubs in the country. The developer of a 1.5 GW offshore wind project in... Continue Reading →
(OED) Malaysia’s FPSO operator Yinson has shared an update on the developments regarding the conversion and upgrade of a floating, production, storage, and offloading (FPSO) vessel, which will operate for Enauta offshore Brazil. Back in January 2022, Enauta entered into an agreement to purchase the FPSO OSX-2 for the Definitive System (DS) of the Atlanta field and this purchase deal was closed... Continue Reading →
Italy’s oilfield services provider Saipem has entered into two new credit facilities totalling approximately €860 million (almost $925.2 million) with a pool of leading national and international banks to further strengthens its financial structure and liquidity. Saipem made the announcement about these two new credit facilities on Monday, 13 February 2023. The Italian giant says... Continue Reading →
Subsea 7's renewable energy focused subsidiary Seaway 7 said Tuesday it had won a large offshore wind contract. For Seaway 7, “large” contracts are worth between $300 million and $500 million. The client hasn't been named, but the contract is for the transport and installation of inner-array grid and export cables for an undisclosed offshore... Continue Reading →
Brazil Energy Insight 