Brought to you by Quest Offshore & Southern Cone Consultants
(CN) The United States has long hovered on the cusp of an offshore wind energy boom, even as the industry has soared worldwide. After many fits and starts, only seven turbines are spinning off the U.S. coast, representing 0.1 percent of the total global capacity of offshore wind farms. Now that’s all starting to change. With companies hitting major... Continue Reading →
(Reuters) - Brazil's sovereign floating rate bond redemptions will hit a record high next year, underscoring the fiscal challenge facing President-elect Luiz Inacio Lula da Silva as he raises the spending ceiling to fund a social welfare package. Redemptions on the LFT bonds, which are linked to benchmark interest rates, will reach 464 billion reais... Continue Reading →
(Reuters) - Argentina's booming shale production in Vaca Muerta, a formation that rivals the United States' Permian Basin, is at risk of running out of road as infrastructure to handle the oil and gas nears capacity, threatening to put the brakes on rapid growth. The government is now racing to build out infrastructure: a major... Continue Reading →
(OE) Ireland's Minister for the Environment, Climate and Communications, Eamon Ryan TD, on Friday issued Maritime Area Consents (MACs) to the first phase of seven offshore wind projects. The government said the MACs granting represented a significant milestone in the delivery of offshore wind in Ireland "The award of MACs ensures that only projects with... Continue Reading →
(Reuters) Mexican state oil company Petroleos Mexicanos (Pemex) said it has been falling behind in a global race to transition from fossil to renewable energy sources, and that stricter demands from environmentally conscious investors pose a threat. Investors have for years considered Pemex a laggard as rivals worldwide moved to dramatically decrease emissions from energy... Continue Reading →
Modec’s FPSO Anita Garibaldi is already in Brazilian waters. The platform vessel arrived at the Jurong Aracruz shipyard, in Espírito Santo, where it will undergo commissioning activities, in addition to regulatory inspections and operational tests. Right after these final preparatory works, the unit will leave for the Marlim field, in the Campos Basin. Start-up is... Continue Reading →
(PN) The company concluded its first issue of simple debentures, in a restricted public offering. The transaction totaled BR$1.4 billion, of which approximately BR$737 million were First Series debentures and approximately BR$663 million were Second Series debentures, both non-convertible into shares. The funds raised will be used by the company in the development of the... Continue Reading →
(Reuters) - Brazilian oil company Petroreconcavo SA expects to invest more than 1 billion reais ($193.91 million) in 2023 as it develops assets in Northeastern Brazil, and has not ruled out fresh acquisitions, its chief executive said. Petroreconcavo, which started operating in 2000, has grown significantly in recent years after buying onshore assets from state-run... Continue Reading →
EGS has completed an offshore geophysical and hydrographic survey for Ørsted’s Skipjack Wind offshore wind project off the coast of Maryland’s Delmarva Peninsula, USA. EGS was contracted by Ørsted to conduct, process, and interpret high-resolution geophysical and hydrographic survey data of the nearshore sections of the export cable routes for Skipjack Wind, currently in development.... Continue Reading →
DEME Offshore has picked Tekmar Group to supply Cable Protection Systems (CPS) for the third phase of Dogger Bank Wind Farm in the UK. Under the contract signed with DEME Offshore, Tekmar will design, manufacture, and supply 172 CPS for Dogger Bank C. The first systems for the project’s third phase are expected to be... Continue Reading →
Brazil Energy Insight 