Brought to you by Quest Offshore & Southern Cone Consultants
(OW) American multinational automotive manufacturing corporation General Motors (GM) has led a Series A investment round of up to USD 10 million into Wind Catching Systems, the Norwegian developer of multi-turbine floating offshore wind systems, to help fund the development and commercialization of the technology. General Motors has made the investment through GM Ventures, the... Continue Reading →
(Offshore Energy) War in Ukraine is transforming the outlook for the supply, demand, and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway, energy intelligence group... Continue Reading →
Malaysian oil and gas services provider Sapura Energy secured new contracts with a total value of RM2.7 billion or about $613 million in 2Q FY2023, attributing this to its shift in bid strategy. Sapura Energy revealed on Thursday that its Drilling and Engineering & Construction (E&C) business segments, through its subsidiaries and joint-venture, have secured “six... Continue Reading →
A collaboration between Equinor and Technip Energies on Floating Wind Substructures was announced during the Seanergy conference in Normandie, France. The collaboration is intent on building on the two companies’ joint ambition of driving the industrialization of floating offshore wind. “We see longer-term collaboration from an early phase as the next step within floating offshore... Continue Reading →
The merger between Aker Offshore Wind (AOW) and Aker Horizons is expected to be completed after close of trading on the Oslo Stock Exchange on 17 June, which accordingly will be the last day of trading in the AOW shares on Euronext Growth Oslo, the company said in its latest trading update. As announced on... Continue Reading →
(Reuters) - The United States and Mexico are working through disputes involving American companies in the Mexican energy sector worth more than an estimated $30 billion in investment, the U.S. ambassador to the country said on Wednesday. In an interview with Reuters, Ambassador Ken Salazar said his government was making progress in resolving problems affecting... Continue Reading →
(Reuters) - Consumers can expect fuel prices at the pump to remain high into next year due to disruptions to Russian oil supplies and as refineries struggle to meet demand recovering from the pandemic, consultancy Wood Mackenzie said. The pressure should ease in the second half of next year when several new large refineries including... Continue Reading →
(Reuters) - Brazil's central bank on Wednesday raised interest rates by 50 basis points, in line with prevailing market expectations, and signaled another increase coming in the world's most aggressive rate-hiking cycle. The bank's rate-setting committee, known as Copom, raised its benchmark Selic interest rate to 13.25%, the highest level since the beginning of 2017... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 05/25/2022, informs that the company Grepar Participações Ltda. (Grepar), which entered into an agreement with Petrobras for the sale of the Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) refinery and its associated logistics assets, sent a notification informing changes in its corporate... Continue Reading →
Danish offshore rig owner Maersk Drilling has secured a one-well extension for its drillship Maersk Valiant in Suriname. TotalEnergies E&P Suriname has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant, the drilling contractor reported on Thursday. The contract extension has an estimated... Continue Reading →
