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Offshore drilling contractor Seadrill has revealed that one of its drillships embarked on its assignment at a field offshore Brazil with the country’s oil and gas giant, Petrobras. Back in December 2021, Petrobras awarded the contract for the West Jupiter drillship to Seadrill for work on the Búzios field offshore Brazil. As it came less than a month after Seadrill was... Continue Reading →
(OE) Heavy Lift Projects Ltd (HLP), a provider of offshore wind farm logistics, said Tuesday it had completed a funding round with private investors and opened its first office in Edinburgh. The company said that Capercaillie (Investments) Ltd and Giles W Pritchard-Gordon & Co Ltd have committed a "multi-million-pound" investment, which will be used to... Continue Reading →
Oil and gas company Trident Energy has completed a saturation diving campaign at Pampo and Enchuva fields offshore Brazil. According to Trident Energy, this is the company’s first saturation diving campaign in Brazil and the second in its history. Trident Energy explained that the main objective was to remove two valves, allowing additional integrity tasks to... Continue Reading →
(Reuters) - Swedish utility Vattenfall on Wednesday reported an increase in underlying operating profit in the fourth quarter of 2022 as increased wind power capacity and inflow of new customers boosted earnings. Underlying operating profit rose to 13.5 billion Swedish crowns ($1.28 billion) from 9.1 billion a year earlier, the state-owned company said. "Wind power... Continue Reading →
(Reuters) French oil major TotalEnergies posted a record net profit of $36.2 billion in 2022, double the previous year, joining in the sector's bumper earnings thanks to higher oil and gas prices since Russia invaded Ukraine. TotalEnergies' fourth-quarter adjusted net income was $7.6 billion, including a $4.1 billion impairment related to the deconsolidation of its stake in Russian gas... Continue Reading →
(Reuters) - Equinor (EQNR.OL) on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous high, as gas prices soared and fourth-quarter results beat expectations, boosting its share price by 7%. The Norwegian oil and gas producer's adjusted earnings before tax and interest for October-December rose to $15.1 billion from $15... Continue Reading →
China Three Gorges Corporation (CTG) has started construction of the second phase of its offshore wind farm Zhangpu Liuao. The project will be both China’s and the world’s first wind farm to comprise 16 MW wind turbines. CTG will build the wind farm off the southeast side of the Liu’ao Peninsula in Zhangpu, in the southern... Continue Reading →
NOV's Marine and Construction business unit has come up with a "new and flexible" Modular Service and Operations Vessel (MSOV) concept to "optimize offshore wind farm operations and maintenance." NOV says the vessel's features resemble those of a sea otter. "The Enhydra series design characteristics resemble the sea otter's (Enhydra) unique and physical behavioral features.... Continue Reading →
Offshore engineering company DORIS has secured a contract with the Spanish oil firm Repsol for subsea engineering work for a project offshore Mexico. DORIS said Tuesday that the contract was for the execution of concept engineering of the Subsea Production System (SPS) and Subsea Umbilical, Riser, and Flowline (SURF) for the Block 29 development in... Continue Reading →
(Reuters) - BP (BP.L) on Tuesday reported a record profit of $28 billion for 2022 while boosting its dividend in a sign of confidence as it sharply raised overall spending plans but scaled back ambitions to reduce oil and gas output by 2030. The blockbuster profit follows similar reports from rivals Shell (SHEL.L), Exxon Mobil (XOM.N) and Chevron (CVX.N) last week after... Continue Reading →
