Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Newly launched in Brazil, aluminium maker Norsk Hydro's (NHY.OL) renewable energy unit Hydro Rein is looking to boost its presence by supplying green electricity to large industries seeking clean power, a company executive said. The Norwegian company's renewable energy unit has already invested in solar and wind power projects to supply electricity to three of... Continue Reading →
Siemens Energy has won what it says is the largest offshore grid connection order in the company's history. The order, made by Amprion Offshore, will see Siemens Energy supply two offshore wind power converter platforms at sea DolWin4 and BorWin4, and two associated stations on land. The platforms convert alternating current, as produced by wind... Continue Reading →
(OE) CGX, a Toronto-based oil and gas firm focused on the Guyana-Suriname Basin, has secured funding for its next offshore exploration well in Guyana's Corentyne block by agreeing to farm out a portion of its interest to its partner Frontera. As part of the agreement, CGX will transfer 29.73% of its interest in the Corentyne... Continue Reading →
(Reuters) Schlumberger on Friday raised its annual revenue forecast, buoyed by higher demand for its oilfield services from producers looking to raise output as oil prices surged. Global crude prices hovered above $100 per barrel in the quarter, fueled by tight supplies following sanctions on major producer Russia and energy consumption returning to near pre-pandemic levels. Schlumberger's results... Continue Reading →
Adira Renewables, a wholly-owned subsidiary of Kim Heng, signed a non-binding Memorandum of Understanding (MoU) with Crowley Wind Services to cooperate on offshore wind farm cable laying installation projects across the US East Coast. Under the MoU, Kim Heng will issue updates about material developments and/or the execution of a definitive agreement as and when... Continue Reading →
In 2Q22, we delivered an operating performance fully in line with the Company's plans. Average production of oil, NGL and natural gas reached 2.65 MMboed, 5.1% below 1Q22. This result was mainly due to the beginning of the Production Sharing Contract for the Surplus Volumes of the Transfer of Rights of Atapu and Sepia, effective... Continue Reading →
SBM Offshore is pleased to announce it has completed the project financing of FPSO ONE GUYANA for a total of US$1.75 billion. The project financing was secured by a consortium of 15 international banks. The Company expects to draw the loan in full, phased over the construction period of the FPSO. The financing will become... Continue Reading →
(Reuters) - Former President Luiz Inacio Lula da Silva was officially nominated by his Workers Party (PT) on Thursday to run on Oct. 2 against far-right incumbent President Jair Bolsonaro in Brazil's most polarized election in decades. With a double-digit lead in opinion polls, a Lula victory would represent an astounding comeback by the former... Continue Reading →
(Reuters) - Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight quarter of record-breaking profits, lifted by stellar refining margins and high oil and gas prices. A rapid recovery in demand following the end of pandemic lockdowns and a surge in energy... Continue Reading →
(Reuters) - Ciro Gomes, a left-of-center former governor, kicked off Brazil's presidential election season on Wednesday, becoming the first candidate to officially announce his candidacy for the Oct. 2 vote. Gomes, 64, presented himself as an alternative to the polarized choice of far-right incumbent President Jair Bolsonaro or Workers Party leader and former two-term president... Continue Reading →
