Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) Malaysia's state energy firm Petroliam Nasional Berhad, or Petronas, on Wednesday posted a near doubling of its third quarter profit and warned of continuing volatility in oil and gas prices. The company reported a profit of 30.8 billion ringgit in the July-September period, compared with a profit of 16.3 billion ringgit in the same... Continue Reading →
Offshore wind developers Eolus and Simply Blue Group have created a joint venture, SeaSapphire, under which they plan to develop floating offshore wind farms in the Baltic Sea. SeaSapphire is starting the early development of four commercial scale floating offshore wind farms in the Baltic Sea – two projects in Sweden and two in Finland.... Continue Reading →
(Reuters) Eni is in preliminary talks to buy private-equity backed gas and oil producer Neptune Energy for around $5 billion -$6 billion, a source with knowledge of the matter said on Wednesday, adding that no official bid had been submitted. Neptune produces around 130,000 barrels of oil equivalent per day (boed), three-quarters of which is gas. It has operations... Continue Reading →
(WO) Perenco has discovered oil with an exploratory well offshore Congo-Brazzaville, raising the prospect of a new geological play, the company said on Monday. The shallow water Pointe Noire Grand Fond (PNGF) Sud license of the privately owned French independent, whose portfolio is mainly weighted toward West Africa, said the well, Tchinem 1-01, targeted a... Continue Reading →
(OM) TotalEnergies and joint venture partner APA Corp. have switched their focus in Block 58 offshore Suriname to a well test on the Sapakara-South-2 (SPS-2) appraisal well. This follows a non-commercial result from recently concluded drilling operations on the Awari prospect in the previously untested northwest part of the block. SPS-2 is 4.6 km south of the Sapakara South-1... Continue Reading →
(OE) Marine engineering consultancy, BAR Technologies (BAR), said Wednesday that its low-emission crew transfer vessel (CTV) design, the BARTech 30, will be available for the first U.S. offshore wind projects in 2024, following quotes at several U.S. shipyards. BAR said Wednesday it was meeting with the U.S. offshore wind vessel supply chain at a workboat... Continue Reading →
BP’s subsidiary, bp Trinidad and Tobago (bpTT), has started production from its Cassia Compression (Cassia C) development project offshore Trinidad and Tobago. Located 57 kilometres off the southeast coast of Trinidad, the Cassia C platform is BP’s 16th offshore facility in Trinidad and Tobago. The first gas from the facility was previously expected in 3Q 2021 but the... Continue Reading →
Dutch offshore survey company Fugro has expanded its geotechnical vessel fleet with the Fugro Quest vessel. According to Fugro, the vessel is equipped with advanced deep-water technology. "Fugro uses this type of vessel to determine the exact composition of the soil; the resulting data are essential to establish the optimal location and design of offshore... Continue Reading →
(Reuters) - Brent oil prices will hold above the $100 level for the rest of 2022 as an impending EU ban on Russian oil sparks uncertainty over supply, but will tick lower next year as economic concerns prevail, a Reuters poll showed on Wednesday. A survey of 38 economists and analysts forecast benchmark Brent crude... Continue Reading →
(OE) Technip Energies is leading a 13-partner consortium that is working to roll out the next generation of floating wind technology "for a competitive, more scalable and industrial deployment." The initiative, called NextFloat, launched in Paris earlier this month, and includes Technip Energies as project coordinator, X1 Wind, Naturgy, 2B Energy, Hellenic Cables, Technical University... Continue Reading →
Brazil Energy Insight 