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Sembcorp Marine Ltd (the “Company”) refers to its announcements dated 28 December 2021 and 18 August 2022 concerning its wholly-owned subsidiary, PPL Shipyard Pte Ltd (“PPLS”), reaching in-principle agreement with Borr Drilling Limited (“Borr Drilling”) to defer PPLS’ receivables from Borr Drilling from 2023 to 2025 (“Deferment”). The Company would like to update that PPLS... Continue Reading →
(OW) The US Bureau of Ocean Energy Management (BOEM) has issued a finding of no significant impacts (FONSI) to environmental resources from potential offshore wind energy leasing activities in the Morro Bay Wind Energy Area (WEA), located off the coast of San Luis Obispo County in central California. On 5 October, the Bureau announced it... Continue Reading →
(OE) A consortium between the offshore engineering firm DORIS and the Korean shipbuilding and offshore engineering giant Hyundai Heavy Industries has won a Front-End Engineering Design (FEED) contract for a floating wind project in South Korea. The contract has been awarded by Corio Generation and TotalEnergies for their Ulsan Gray Whale 3 Offshore Wind Farm... Continue Reading →
(OM) TC Energy has contracted Allseas to install a 36-inch offshore pipeline delivering gas to southeast Mexico. The Southeast Gateway line will run about 700 km south along the coast from Tuxpan connecting the ports of Coatzacoalcos and Dos Bocas. This is also the first major natural gas infrastructure project commissioned by the alliance between TC Energy... Continue Reading →
(PN) The National Petroleum Agency (ANP) approved the revision of the Development Plan for the Baúna field, presented by Australian Karoon – operator of the area. With the actions proposed in the plan, the oil company intends to invest around US$ 378 million in the field, increasing the oil reserves and the recovery factor in... Continue Reading →
(U) Norwegian energy giant Equinor believes that floating offshore wind can be cost comparable with bottom-fixed wind arrays within around a decade. “We believe that cost parity with fixed bottom wind can be achieved in the early 2030s, but you really need to go at scale – that’s the way to go with floating wind... Continue Reading →
SSE Renewables and Equinor are looking into building what would be the fourth part of Dogger Bank Wind Farm, the world’s largest offshore wind farm, whose three phases (A, B and C) are currently under construction. Surveys are now underway at an offshore site where the partners want to develop Dogger Bank D, which would... Continue Reading →
The Norwegian Marin Energi Testsenter (METCentre) and the Netherlands-based floating production specialist Bluewater have signed an agreement for a berth option to deploy an innovative floating wind system, offshore Norway. The system is planned to be installed in the North Sea offshore Karmøy, Norway and will produce renewable energy into the Norwegian electricity grid. Bluewater,... Continue Reading →
(Reuters) Brazilian Treasury official Esteves Colnago has been tapped for a position on the executive board of Petrobras, two sources told Reuters on Thursday, as part of a broad shakeup at the state-run oil company under its new chief executive. It was not immediately clear if Colnago, who served as planning minister under the 2016... Continue Reading →
(PN) Petrobras announced that the Modec FPSO Anita Garibaldi left the DSIC Marine Yard shipyard, in the city of Dalian, China, for the Jurong shipyard, in the city of Aracruz (ES). The FPSO will be installed in the Marlim and Voador fields, in the Campos Basin, with production start scheduled for the third quarter of... Continue Reading →
Brazil Energy Insight 