American Offshore Energy (AOE) has this week announced novel patents in the floating wind turbine industry including a vertical axis wind turbine which, the company says, can be deployed quickly, and even submerged in the wake of a hurricane. AOE said said: "The AOE VAWT design, the "American Turbine", is the first wind turbine that... Continue Reading →
Transocean to Buy Newbuild Ultra-Deepwater Drillship from DSME Ordered by Seadrill in 2013
(OE) Offshore drilling contractor Transocean said Thursday that it had together with Perestroika and funds managed by Lime Rock Management L.P created a joint venture, Liquila Ventures. Liquila Ventures agreed with Daewoo Shipbuilding & Marine Engineering Co., Ltd. (“DSME”), to purchase Hull 3623, the ultra-deepwater newbuild drillship formerly known as West Aquila, for approximately $200 million.... Continue Reading →
Siemens Energy CEO Becomes Chairman of Wind Turbine Maker Siemens Gamesa
Wind turbine maker Siemens Gamesa has appointed Christian Bruch, who is President and Chief Executive Officer of Siemens Energy AG and member of Siemens Gamesa’s Board of Directors, as its new non-executive Chairman. Born in 1970 in Düsseldorf, Germany, Bruch holds a doctorate in engineering from the Swiss Institute of Technology Zurich (ETH), Switzerland. He... Continue Reading →
Venezuela Asks World Court to Throw Out Guyana border case
(Reuters) Venezuela told judges at the International Court of Justice (ICJ) on Thursday that they should throw out a case filed by Guyana in a long-running border dispute, which could determine which country has rights to offshore oil and gas fields. Guyana brought a case in 2018 asking the court to confirm the border was... Continue Reading →
Petrobras on the sale of REGAP Refinery
Petróleo Brasileiro S.A. – Petrobras informs that it has received a binding proposal for the sale of the Gabriel Passos Refinery (REGAP), in Minas Gerais, but decided to close the process, since the conditions of the presented proposal were below Petrobras' economic and financial evaluation. Thus, the company will evaluate the appropriate moment to start... Continue Reading →
Prumo and TotalEnergies enter into a partnership to develop offshore wind power in Porto Açu
(BJ) Prumo Logística and TotalEnergies signed a memorandum of understanding to install logistical support bases at the Port of Açu that will support the construction and operation of offshore wind farms. The agreement with the French multinational is the third of its kind signed by Prumo, which owns the port and intends to turn it... Continue Reading →
World’s Largest Offshore Wind Farm: Vattenfall Hits Halfway Mark with HKZ Turbine Installation
(OED) Offshore wind developer Vattenfall said Thursday it had hit the halfway mark with the installation of wind turbines at the Hollandse Kust Zuid (HKZ) wind farm offshore the Netherlands. “We're halfway towards having constructed the world’s first offshore wind farm built without subsidies, a major milestone we can all be very proud of,” says Søren... Continue Reading →
3R Petroleum Oct 22 Production Data
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for October 2022 in the assets that the Company holds participation. (1) Refers to the 35% Interest held by 3R in Pescada Cluster concessions. (2)... Continue Reading →
Petrobras on real state receivables certificates
Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 10/31/2022, informs that it concluded the bookbuilding procedure for the issue of real estate receivables certificates (CRI), in up to 3 (three) series, as part of the 1st (first), 2nd (second) and 3rd (third) series of the 67th (sixty-seventh) issue of Opea Securitizadora... Continue Reading →
Subsea unit causes slight drop for Subsea 7 figures
Subsea 7 has reported a revenue of $1.4 billion for the third quarter of 2022, a decrease of $47 million or 3% compared to Q3 2021, mainly due to a drop in revenue in the Subsea and Conventional business unit. Revenue for the third quarter of the Subsea and Conventional unit was $990 million, a... Continue Reading →