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Floating Energy Allyance (FEA) has selected Ocean Infinity to carry out an initial geophysical and geotechnical site investigation at its Buchan floating offshore wind project in Scotland. This represents an important step in the design and assessment process of the project, with the survey campaign taking place later this year, according to FEA. “We are... Continue Reading →
Siem Offshore’s multi-purpose support vessel (MPSV) Siem Dorado is preparing to carry out a term campaign for marine geophysical service provider PXGEO in Brazil. The vessel arrived in Brazil in January. The 2009-built Siem Dorado is of a MT 6017 MK II design and can accommodate 68 people. The 93.6-meter long diesel electric-powered MPSV features a... Continue Reading →
(Reuters) - Portuguese oil and gas company Galp Energia (GALP.LS) on Monday reported a record adjusted net profit for 2022, due to soaring oil prices and wider refining margins in the fourth quarter. Galp said its adjusted profit almost doubled to 881 million euros ($940.03 million), surpassing the previous record of 707 million euros set in 2018.... Continue Reading →
(Reuters Breakingviews) - Heated trade tensions could cool if the United States and the European Union make concessions on hydrogen. Washington’s Inflation Reduction Act includes subsidies that could slash the cost of the element’s sustainably produced “green” version by 2030. If the EU can negotiate better access to America’s production chain while attractively managing its future import... Continue Reading →
(TN) Ocyan celebrates the successful completion of the first stage of the decommissioning project in a contract signed with Petrobras to operate in the Campos Basin. The vessel chartered with Solstad is already in the Port of Vitória (ES), where it will unload the first equipment removed from the seabed. Part of it will be... Continue Reading →
(PN) Earlier this week, Petrobras launched a new tender for the charter of up to four drilling rigs. The tender is divided into three non-excluding lots and the opening of the envelopes with the proposals is scheduled, in principle, for the 17th of March. According to the rules of the tender, only the 13 companies... Continue Reading →
European banks risk jeopardizing the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, investors managing assets worth more than $1.5 trillion said on Friday. ShareAction said it had made the demand in letters sent to the heads of Barclays, BNP... Continue Reading →
The Single Federation of Petroleum Workers (FUP) sent President Lula and the President of Petrobras, Jean Paul Prates, a proposal that provides for an increase in the level of national content in orders for Petrobras FPSOs. According to the union, the objective is to stimulate the development of the local chain of suppliers of goods,... Continue Reading →
(PN) A bitter end for Shell in its endeavor in the Saturno block, located in the Santos Basin pre-salt layer. The company fully returned the area to the National Petroleum Agency (ANP). This information was confirmed by the regulatory body's press office. Shell was the operator of the block with a 45% stake in partnership... Continue Reading →
(Reuters) - British bank NatWest (NWG.L) said on Thursday it would immediately stop all reserve-based lending for new customers financing oil and gas exploration and extraction, before phasing it out entirely by the end of 2025. The lender's commitment comes as financial firms face greater pressure from policymakers and investors to reduce the scale of climate-damaging carbon... Continue Reading →
