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(Reuters) - OPEC+ agreed steep oil production cuts on Wednesday, curbing supply in an already tight market, causing one of its biggest clashes with the West as the U.S. administration called the surprise decision shortsighted. OPEC's de-facto leader Saudi Arabia said the cut of 2 million barrels per day (bpd) of output - equal to... Continue Reading →
(Reuters) - Wall Street analysts on Wednesday sharply increased their view of Exxon Mobil Corp's third quarter earnings after the company disclosed a $2 billion profit gain from selling natural gas. The disclosure signaled the largest U.S. oil maker quarterly profit due out later this month will land close to the second quarter's record $17.9... Continue Reading →
Fugro is performing geophysical surveys at the array sites of RWE’s two Dogger Bank South (DBS) offshore wind projects, DBS East and DBS West. The survey campaign, which started in May this year, will be underway until 31 October, subject to weather conditions, and is now being performed from the Fugro Frontier vessel after Fugro Searcher completed its scope... Continue Reading →
Crowley has completed the purchase of 42 acres in Salem, Massachusetts, the latest milestone toward the development of the state’s second major offshore wind port terminal. The Salem Harbor Wind Terminal is a public-private partnership between Crowley and the City of Salem, with AVANGRID serving as the port’s anchor tenant through its Commonwealth Wind and... Continue Reading →
REGENT, a company developing an electric seaglider for sustainable high-speed maritime travel , and TotalEnergies, a French oil and gas giant, have partnered up to explore the use of REGENT’s all-electric seaglider for maritime travel to offshore wind and oil platforms. According to REGENT, seagliders - described as a mix between a boat and a... Continue Reading →
(Reuters) - More shipments to Asia through intermediaries and growing cargo swaps with Iran drove Venezuela's oil exports in September to their third highest level this year, internal documents and tanker tracking data showed. The OPEC-member nation's oil exports were volatile earlier this year due to a lack of diluents required to produce exportable grades... Continue Reading →
(Reuters) - Struggling wind turbine maker Siemens Gamesa (SGREN.MC) will replace the head of its onshore unit due to recent financial losses that have piled pressure on the business, an internal memo seen by Reuters showed. Chief Executive Jochen Eickholt said in an emailed internal memo seen by Reuters that Lars Bondo Krogsgaard, chief executive of the... Continue Reading →
Atlantic Shores Offshore Wind, a 50/50 partnership between Shell New Energies US LLC and EDF Renewables North America, has appointed Joris Veldhoven as the company’s first Chief Executive Officer. The joint venture is working to develop offshore wind projects on the U.S. east coast, with the aim of providing electricity to New York and New... Continue Reading →
Subsea services provider Subsea 7 has contracted electrical integrator specialist Bakker Sliedrecht to equip its heavy construction / flex-lay vessel Seven Arctic with a new energy-saving system. The order for an energy storage system from Bakker Sliedrecht is a double first, according to the company. It is the first order for such a system on this scale... Continue Reading →
(OEM) Japan’s FPSO provider MODEC and Norway’s Aibel have picked Axess Group, an integrity and engineering solutions provider, for inspection and certification work on a floating, production, storage and offloading (FPSO) vessel bound for an Equinor-operated field off Brazil. Axess Group revealed on Tuesday that it has secured two contracts – one with MODEC and the other one... Continue Reading →
Brazil Energy Insight 