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Offshore wind developer Ocean Winds is joining Opportunity Cromarty Firth and supporting the body’s green freeport bid. If the region is successful in its attempt, it would help to attract “new and increased manufacturing” that would ease the delivery of Scotland’s next generation of wind farms. Ocean Winds, a 50-50 joint venture launched in 2020... Continue Reading →
With 15 GW in offshore wind projects in Brazil under licensing, Ocean Winds — a joint venture between Engie and EDP Renováveis for offshore wind power generation — believes that investments in the implementation of the first projects in the country will be higher than in the rest of the world. “At first it will... Continue Reading →
(Reuters) - Argentina's central bank raised its benchmark interest rate by the most in three years on Thursday, hot on the heels of a major hike by the U.S. Federal Reserve and as the South American country firefights sky-high inflation running at over 60%. The central bank upped the benchmark Leliq rate by 300 basis... Continue Reading →
(Reuters) - Ecuador oil company Petroecuador says it is working to shut down gas flares in the Amazon to comply with a court-imposed deadline, but progress is too slow for nearby communities who allege the flares cause cancer and other illnesses. A provincial tribunal in Sucumbios province last year ordered Petroecuador and a handful of... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) is set to announce a fuel price increase on Friday, local media reported on Thursday, raising alarm bells within the country's top political ranks. According to O Globo, the company's board has approved diesel and gasoline price increases that will come into effect next week. Petrobras said it could... Continue Reading →
TechnipFMC has won a contract with TotalEnergies EP Angola to supply subsea production systems for the CLOV Phase 3 development in Block 17 off the coast of Angola. The delivery will include Subsea 2.0 trees and associated controls, umbilical termination assemblies, jumpers and services. The contract is the first under the new framework agreement that... Continue Reading →
(OE) Shell's and TotalEnergies' Graff and Venus deepwater discoveries off Namibia have put southern Africa under the exploration spotlight. With deepwater offering high productivity reserves, it's a spotlight that's likely to linger for a few years yet, despite continued offshore upstream capital discipline. With talk of TotalEnergies' offshore Namibia Venus discovery potentially containing more than... Continue Reading →
McDermott has held the christening ceremony for its newly converted Amazon vessel in the Port of Rotterdam, the Netherlands. The vessel has undergone a “sophisticated” conversion from a construction vessel into an ultra-deepwater J-Lay vessel as part of McDermott’s global deepwater subsea strategy. The upgraded specifications enable highly automated operations, the production of hex joints from single or... Continue Reading →
(TN) The Suezmax DP2 Eagle Colatina relief vessel arrived in Brazil, the first of three Eco Type ships built to reinforce the fleet of more sustainable ships for the relief of oil platforms operated by Petrobras. With a deadweight of 155 thousand tons of deadweight, the Eagle Colatina, which docked at the Port of Rio... Continue Reading →
(Reuters) - Argentine state company Energia Argentina signed a contract Thursday with pipeline producer Tenaris (TENR.MI), a critical step toward the completion of a pipeline to transfer gas from Argentina's giant Vaca Muerta shale formation. The government says the pipeline will allow Argentina to forgo costly imports of liquefied natural gas and reverse a large energy... Continue Reading →
