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Enauta released this week an update on the reserves of the Atlanta and Manati fields, based on December 31, 2022. According to the company, its 2P reserves (proven and probable) reached 168 million barrels of oil equivalent by the end of 2022 – an increase of 50.3 million barrels of oil equivalent compared to December... Continue Reading →
(OET) Netherlands-headquartered Fugro has revealed plans to carry out a remotely operated autonomous offshore wind farm inspection, said to be an industry first. Fugro will use its Blue Essence uncrewed surface vessel (USV) equipped with the Blue Volta fully electric remotely operated vehicle (ROV) to conduct the inspection early this year. The plan is to... Continue Reading →
(Reuters) - SLB SLB.N beat Wall Street estimates for fourth-quarter profit on Friday, driven by strong demand for drilling services and equipment from operators as oil and gas prices remained elevated amid tight supplies. SLB benefited from increased oil drilling and production activity in both North America and internationally last year. Revenue from North America... Continue Reading →
(OM) Strohm’s "Jumper on Demand" model has secured a second contract with Exxon Mobil to supply more than 24 of its jumpers for the Uaru Field development offshore Guyana in the Americas. This latest award, which is subject to government approval of the project and a final investment decision, follows closely on the heels of a similar campaign... Continue Reading →
(Reuters) - Shares in Danish energy company Orsted (ORSTED.CO) tumbled by more than 7% on Friday after announcing a writedown on a large U.S. offshore wind project and an earnings forecast for 2023 that fell short of analyst estimates. Despite rising demand for green energy, dark clouds are gathering over the offshore wind power industry as rising... Continue Reading →
Shallow water drilling contractor Borr Drilling said Friday its jack-up drilling rig "Ran" had secured a Letter of Award from an unnamed client for work in Latin America. The award will cover drilling two offshore wells, with an estimated duration of 200 days on a dry-hole case and up to 460 days on asuccess case. ... Continue Reading →
(Reuters) King Charles told the British government he would like the expected surge in profit from a 900 million pound ($1.1 billion)-a-year wind farm deal for his Crown Estate to go to the "wider public good" rather than to the royal family. Under agreements announced on Thursday, the Crown Estate will lease sites for six... Continue Reading →
Italian offshore engineering and construction company Saipem announced two offshore contracts worth $900 million in total. First, together with Aker Solutions, Saipem won a contract with the French oil major TotalEnergies in Brazil for the recently sanctioned Lapa Southwest (LAPA SW) Development project. Lapa Southwest is a deepwater oil field in the Santos Basin in the... Continue Reading →
(Reuters) - Siemens Energy on Thursday slashed its 2023 profit outlook after faulty components at the wind turbine fleet of its Siemens Gamesa unit led to higher warranty and maintenance costs, marking the latest setback in the group's troubled relationship. The German supplier of equipment to the power sector, which was spun off from Siemens... Continue Reading →
(OWB) Nucor has introduced Elcyon, the company’s new sustainable heavy gauge steel plate product made specifically to meet the growing demands of America’s offshore wind energy producers. Nucor will manufacture Elcyon at the firm’s new USD 1.7 billion Nucor Bradenburg steel mill in Kentucky, which produced its first steel plate at the end of December... Continue Reading →
Brazil Energy Insight 