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(Valor) TotalEnergies (formerly Total) promises to intensify investments in renewables, but, at the same time, it is looking closely at the Brazilian oil and gas market. The French oil company, which changed its name to symbolize its migration towards the energy transition, sees Brazil as a strategic player in the search for projects with increasingly... Continue Reading →
(Rigzone) The United States has added 10 rigs week on week, according to Baker Hughes latest rotary rig count, which was released on October 15. The ten rigs added week on week comprised nine land rigs and one offshore rig. The total U.S. rig count now stands at 543, comprising 529 land rigs, 12 offshore... Continue Reading →
Global wind power leader Iberdrola will pour six billion pounds ($8.24 billion) into a wind farm complex in the North Sea off the east coast of Britain, in its biggest project investment worldwide, it said on Monday. Iberdrola said in a statement it would foot the bill for the East Anglia Hub site, whose soaring... Continue Reading →
Kincardine floating offshore wind farm, located 15 km off the coast of Aberdeenshire, is now fully operational, Principle Power, a company that designed the 50MW wind farm's semi-submersible foundations, said Tuesday. The project, the world's largest of the type, consists of five Vestas V164-9.5 MW and one V80-2 MW turbine, each installed on WindFloat semi-submersible platforms... Continue Reading →
(Reuters) - U.S. oilfield firm Halliburton Co (HAL.N) on Tuesday posted its third consecutive quarterly profit, as a jump in oil prices and drilling activity boosted demand for its services and equipment. Oil prices have rallied to multi-year highs with global crude futures climbing 4.5% in the quarter ended Sept. 30, helped by OPEC+'s decision to maintain... Continue Reading →
Subsea 7 has secured long-term day-rate contracts with Petrobras for the pipelay support vessels (PLSV) Seven Waves, Seven Rio and Seven Sun. Seven Waves will commence the new contract in the first quarter of 2022, Seven Rio in the second quarter of 2022 and Seven Sun in the third quarter of 2022. Each contract comprises a firm three-year period... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras clarifies about pieces of news in the media regarding cuts in fuel orders fulfillment. As disclosed in the 2Q21 Production and Sales Report, the company operated its refining facilities in the first half of 2021 with a utilization factor (UF) of 79%, in line with the 2020 average and higher... Continue Reading →
Norwegian seismic exploration company Shearwater GeoServices has secured a contract to carry out a “major” 3D seismic exploration survey offshore South Africa. The survey will be acquired by the Amazon Warrier and will cover more than 6,000 sqkm of 3D seismic data. The project is planned to last for approximately four months. According to Shearwater, the Amazon class... Continue Reading →
Saudi Arabia's sovereign wealth fund, the Public Investment Fund, announced on Saturday the launch of "THE RIG", which it said would be the world's first tourism destination on offshore platforms. The fund, the engine of Crown Prince Mohammed bin Salman's economic transformation plans for Saudi Arabia, manages a portfolio worth $400 billion. It added in... Continue Reading →
INEOS, Europe's largest Hydrogen producer, said on Monday it would invest more than 2 billion euros ($2.3 billion) on electrolysis plants to make zero-carbon green hydrogen across Europe. The first plants will be built in Norway, Germany and Belgium over the next 10 years, with others planned in the UK and France, the company said... Continue Reading →
