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Singapore's Keppel Offshore & Marine said Wednesday it had secured contracts worth around S$250 million (~$186 million) for the conversion of a Floating Storage and Regasification Unit (FSRU), integration of a Floating Production Storage and Offloading (FPSO) vessel, and the "jumboisation" of two Trailing Suction Hopper Dredgers (TSHD). For the first contract, Keppel Shipyard has... Continue Reading →
(OE) FPSO leasing company BW Offshore has decided to recycle the FPSO BW Cidade de São Vicente. The company said it had signed an agreement with Priya Blue Industries yard in India to recycle the FPSO in compliance with Hong Kong Convention. The convention, adopted in 2009, is aimed at ensuring that ships when being... Continue Reading →
(Bloomberg) — U.S. oil production will grow even more than the government previously expected as a scorching price rally drives producers to boost drilling. Oil output will average 12.6 million barrels a day in 2023, an increase from its previous estimate of 12.41 million, according to Energy Information Administration data. The current annual all-time high of... Continue Reading →
(Reuters) - Turning around Siemens Gamesa (SGREN.MC) will take time, the CEO of its majority shareholder Siemens Energy (ENR1n.DE) said on Wednesday, adding that the latest profit warning from the wind turbine maker was "frustrating". Siemens Gamesa, the world's largest maker of offshore wind turbines, is suffering from supply chain issues that have hit several industries as well as... Continue Reading →
Brazilian oil company Enauta has hired the Alpha Star semi-submersible drilling rig to drill the fourth production well at its Atlanta field in the Santos Basin, offshore Brazil. Enauta expects to start drilling in the fourth quarter of 2022. The contract could eventually be extended to include two more wells for Atlanta’s Full Development System.... Continue Reading →
Norway's Equinor joined European peers in hiking shareholder payouts after posting record pretax profits for the fourth quarter due to a boom in oil and gas prices. Adjusted earnings before tax rose to $15.0 billion in the October-December quarter from $756 million in the same period a year ago, exceeding the $13.2 billion predicted in a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the rating agency Fitch reaffirmed its rating at "BB-", with negative outlook, following the Brazil's rating. The stand-alone rating was also reaffirmed at “bbb”, four notches above the country. The agency considers Petrobras' ratings to be linked to those of the sovereign given the Company's strategic importance to... Continue Reading →
PetroReconcavo ended 2021 with an increase of 5.3 million barrels of oil equivalent in its reserves. The Reserves and Resources Certification report was prepared by the independent consultancy Netherland, Sewell & Associates and released this week by the oil company. Thus, the volume of new 2P reserves (proved and probable) totaled 10.8 million barrels of... Continue Reading →
(epbr) The government of Ceará and Cactus Energia Verde signed a memorandum of understanding for the production of green hydrogen (H2V) at the Pecém Port Complex. These are investments estimated at 5 billion euros, to produce 10.5 thousand tons of H2V monthly, in addition to 5.25 thousand tons of green oxygen. The intention is to... Continue Reading →
(Reuters) - BP said on Tuesday it was aiming to accelerate its goal to reach net-zero emissions by 2050 as the British energy giant seeks to shift away from fossil fuels and boost its renewable energy capacity. The company, which two years ago started on the biggest revamp in its history, now intends to halve... Continue Reading →
Brazil Energy Insight 