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Italian oilfield contractor Saipem has appointed a new chief executive officer (CEO) following the resignation of Francesco Caio. The board of directors of Saipem, chaired by Silvia Merlo, on Wednesday acknowledged the resignation of the non-executive and non-independent board member Pier Francesco Ragni communicated on 19 August 2022. Ragni resigned “due to new upcoming professional commitments,” Saipem said. Pier Francesco... Continue Reading →
(OE) Danish renewable energy giant Ørsted said Wednesday that Hornsea 2, the world’s largest installed offshore wind farm, is now fully operational off the UK coast. The 1.3GW offshore wind farm comprises 165 wind turbines, located 89km off the Yorkshire Coast. I can power over 1.4 million UK households. The wind farm is located alongside... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/13/2022, informs that the Administrative Council for Economic Defense (CADE), in a court session held on this date, approved the transaction for the sale of the Isaac Sabbá Refinery (REMAN) to Ream Participações S.A., through the execution of an Agreement in Concentration Control... Continue Reading →
(TN) Pre-Sal Petróleo (PPSA) is selling the first oil cargo from the Sepia production sharing contract. The company sent an invitation letter to the market for ten companies that already registered for operations in the pre-salt layer, offering, through direct sales, a load of 500 thousand barrels for loading in the last quarter of the... Continue Reading →
(Reuters) - Brazilian antitrust regulator CADE on Tuesday approved the sale of Petrobras' (PETR4.SA) REMAN refinery to Ream, which is part of the Atem group, but decided the buyer will have to take measures to guarantee that other fuel distributors have access to the plant's waterway terminal. The approval with restrictions came in a 6-1 CADE board... Continue Reading →
(Reuters) - Progress to relaunch oil major Chevron Corp's (CVX.N) operations in Venezuela under U.S. sanctions on the country depends on licenses from Washington, Venezuelan oil minister Tareck El Aissami said on Tuesday. The U.S. Treasury Department in May renewed a license that allows Chevron to operate in Venezuela under very restrictive terms. The company had requested... Continue Reading →
(OE) The market for floating production systems is booming, according to World Energy Reports' (WER) latest assessment of activity and developments in the offshore oil and gas market. “Business conditions and market sentiment in the deepwater sector have seldom been so positive,” said Jim McCaul, founder and principal analyst of WER. “Major upstream operators continue... Continue Reading →
(OW) DNV has notified Odfjell Oceanwind that the main scantling approval of its Deepsea Semi floating wind foundation design is close to completion. The main scantling class approval is based on the SG 11.0-200 DD offshore wind turbine from Siemens Gamesa. The Deepsea Semi floating wind foundation design is developed for use in floating wind... Continue Reading →
Norway's World Wide Wind has a radically different take on offshore wind power. These floating, vertical-axis wind turbines (VAWTs) feature two sets of blades, tuned to contra-rotate – and they promise more than double the output of today's biggest turbines. Taking wind farms way offshore can certainly help make them less obtrusive, and open up... Continue Reading →
(Valor) The great challenge to develop offshore wind power generation projects is to adjust risk and return, said the director of institutional relations and sustainability at Petrobras, Rafael Chaves, in a presentation to executives during the Offshore Northern Seas (ONS), Europe's largest energy event, in Stavanger, Norway. Chaves said that a multidisciplinary group within Petrobras... Continue Reading →
Brazil Energy Insight 