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Norwegian marine geophysical company PGS has been awarded its first ultra-high resolution wind farm site characterization project, marking its entry into what the company described as ”a strategically important new energy market.” The survey will cover two European wind farm sites, both of which are in the development phase. PGS will mobilize a 3D vessel for... Continue Reading →
Danish offshore vessel owner Maersk Supply Service said Thursday it had signed an assignment agreement with TechnipFMC for work in Brazil. The scope covers the pre-installation of the mooring system and hook-up of the FPSO P-78. The FPSO P-78 will be the seventh FPSO in the Búzios field, located in the Santos Basin, offshore Brazil.... Continue Reading →
U.S.-headquartered energy giant ExxonMobil has made a significant new oil discovery at the Stabroek block, which boosts the block’s hydrocarbon resources, fortifying the oil major’s existing portfolio of extensive development opportunities offshore Guyana. The new oil discovery, made at the Fangtooth SE-1 well on the Stabroek block, was disclosed on Wednesday, 25 January 2023, by ExxonMobil’s partner... Continue Reading →
Copenhagen Infrastructure Partners-led Pentland floating offshore wind farm has been granted planning permission in principle from Scotland's Highland Council for its onshore infrastructure. To be located 7.5km off the coast of Dounreay in Caithness, Pentland will generate 100MW making it capable of providing electricity to almost 70,000 homes, equivalent to 65% of those in the... Continue Reading →
(Reuters) - Mexican oil and gas companies, including state giant Pemex, are lagging behind on their obligations to identify, report and mitigate methane emissions from their installations, an investigation by a group of non-profits found. Methane, a potent greenhouse gas that traps heat in the atmosphere, has emerged as a top threat to the climate.... Continue Reading →
(OE) The Norwegian Ministry of Petroleum and Energy has given METCentre the concession to test SeaTwirl´s vertical-axis floating wind turbine. The concession comes after the Norwegian authority Norges Vassdrags- og Energidirektorat (NVE) rejected an appeal to overturn SeaTwirl’s S2x concession in Norway. The decision can therefore no longer be appealed, and SeaTwirl can now move... Continue Reading →
(Reuters) Norway's Equinor has launched the sale of its stake in an offshore Nigerian oilfield, joining a retreat by Western energy firms from the West African country as they focus on newer and more profitable operations, three industry sources said. The company has hired investment bank Standard Chartered to run the sale process, which could... Continue Reading →
(Reuters) - Argentina's government reached a $540 million deal with development bank CAF for the extension of natural gas pipelines and related infrastructure linked to the country's Vaca Muerta basin, Economy Minister Sergio Massa announced on Wednesday. The infrastructure plan, expected to be approved in March, aims to boost a pair of gas pipeline projects... Continue Reading →
(OE) Most of the media coverage of offshore wind development in the United States focuses on the leases of the offshore areas where the wind turbines will be located. However, equally important is the landside dimension of these projects, including the manufacture, installation, maintenance and operation of the turbines. Several awards made in the last... Continue Reading →
Energy producer Hess Corp. on Wednesday beat Wall Street estimates for fourth-quarter profit on higher crude prices, and said it had found more oil offshore Guyana. Western sanctions against major energy producer Russia and the decision of producer group OPEC+ to cut output by 2 million barrels per day pushed up Brent crude prices by... Continue Reading →
Brazil Energy Insight 