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Belgium-based offshore installation company DEME Offshore and Norway-based offshore services firm Havfram have signed a memorandum of understanding to jointly offer construction services to the offshore wind farm sector in Norway. "Both DEME Offshore and Havfram plan to play an important role in the upcoming Norwegian offshore wind market by delivering transport and installation services... Continue Reading →
(Reuters) - Exports of Mexico's newest crude are ramping up under Italy's Eni (ENI.MI) as U.S. refiners find it an apt replacement for banned Russian oil and one that complements domestic grades. The shipments, which started in April according to Refinitiv Eikon data, represent the first crude exports made by an oil company other than state firm... Continue Reading →
(Reuters) - Four major oil companies have agreed to end U.S. lawsuits that together sought to enforce multi-billion dollar arbitration awards against Nigeria's state-owned oil company, after reaching new deepwater oil production sharing agreements. Two federal judges on Aug. 22 granted requests by Exxon Mobil Corp (XOM.N), Royal Dutch Shell Plc , Chevron Corp (CVX.N) and Norway's state-owned... Continue Reading →
(Reuters) - Recent tax cuts in Brazil should gradually boost demand for gasoline and ethanol in Brazil through year end, but not enough to reach pre-pandemic levels, S&P Global Commodity Insights said on Wednesday. In its fresh Latin American Oil Market Forecast report, the financial information provider said a recovery has already been seen lately,... Continue Reading →
(Valor) The president of Shell Brasil, Cristiano Pinto da Costa, said today that the company is taking “great strides” to enter the renewable energy market. According to the executive, the company filed requests for environmental licensing for 17 gigawatts (GW) in offshore wind farms at the Brazilian Institute for the Environment and Renewable Natural Resources... Continue Reading →
Correll Group has secured a contract with Seaway Offshore Cables for the termination and testing of cables for the Changfang & Xidao (CFXD) offshore wind farms in Taiwan. The contract covers 58 inter-array and seven offshore export subsea cables for CFXD. “We are delighted to have been awarded this project and to be again working... Continue Reading →
(Reuters) - Brazilian central bank chief Roberto Campos Neto on Tuesday predicted that inflation will reach 6.5% or a little lower this year, amid government measures that lowered taxes on key goods. The estimate is more optimistic than private economists' expectations of inflation at 6.82%, according to a central bank weekly survey, but still above... Continue Reading →
Guyana's president Irfaan Ali on Monday visited ExxonMobil's Liza Unity FPSO - Guyana's second FPSO in production - where he praised the Guyanese crew aboard. According to Guyana's Department of Public information, he told the Guyanese crew on board the Liza Unity that they are among the “trailblazers” responsible for setting the mark in the oil and gas... Continue Reading →
(WO) A recent ultra-deepwater giant drillships build resulted in two drillships that have the first-ever 20,000 psi well control system equipped with two 20,000 psi blowout preventers. Reel Power Marine & Energy contributed to this project with their patented innovative depth compensated accumulators (DCBs) that reduce subsea equipment weights, lower maintenance requirements and improve equipment... Continue Reading →
(Reuters) - Mexico's hydrocarbon regulator has fined state oil company Petroleos Mexicanos (Pemex) for development violations at one of its most important fields that has led to excessive flaring of natural gas, and is preparing another fine for a similar field, according to three sources briefed on the matter. Pressure is mounting on Pemex to... Continue Reading →
Brazil Energy Insight 