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Following reports that Singapore’s Keppel Corporation and Sembcorp Marine are in talks to merge their offshore and marine businesses, the two players have now inked non-binding agreements related to the proposed combination in response to dramatic changes in the sectors. In a statement on Thursday, Keppel said it has signed a non-binding Memorandum of Understanding (MOU)... Continue Reading →
(Reuters) - Reducing the cost of producing clean hydrogen, through large investments and government subsidies, will be key in the wider adoption of the fuel in coming years, panelists said during the Reuters Events: Global Energy Transition conference. So-called green hydrogen, made by using renewable energy to power electrolysers to convert water, is being backed... Continue Reading →
The monthly report of the Brazilian Association of Maritime Support Companies (Abeam) highlighted that, at the end of May, the fleet consisted of 376 vessels, 339 of which were under the Brazilian flag and 37 under other flags. The maritime support fleet in Brazilian waters remains stable in the first half of 2021, with 90%... Continue Reading →
With Petrobras stepping on the brakes on investments and selling more assets, foreign oil companies are gaining ground in Brazil. Together, Shell, Repsol Sinopec, Petrogal and TotalEnergies already account for 20% of national oil and gas production. Together, the private sector now accounts for 27% of the total, according to data from the National Agency... Continue Reading →
(Reuters) - Temasek-backed Singapore conglomerate Keppel Corp (KPLM.SI) and smaller rival Sembcorp Marine (SCMN.SI)are exploring a potential tie-up which would see them combine their struggling offshore and marine (O&M) businessesafter years of losses in an industry downturn. A successful deal would see Keppel spin off the new business into a listed entity and ultimately exit from the legacy... Continue Reading →
Norwegian company Miko Marine has shipped out the first magnetic blanking set destined for the Brazilian offshore sector from its fabrication plant in Haugesund, Norway. However, the set is not going to Brazil, but to the DSIC yard in Dalian, China, where it will then be installed aboard a new Floating Production Storage and Offloading... Continue Reading →
Giant oilfield services provider Schlumberger is the next company in line to commit to achieving net-zero greenhouse gas (GHG) emissions by 2050. Schlumberger said on Tuesday that it spent 18 months conducting extensive analysis and working with experts to produce a decarbonization plan. With minimal reliance on offsets, the plan is focused on reducing scope... Continue Reading →
(Yahoo)The deeply impoverished former English colony of Guyana has become one of the world’s hottest offshore drilling locations. Global energy supermajors have made a slew of major oil discoveries in Guyana’s and neighboring Suriname’s offshore waters, notably in the 6.6-million-acre Stabroek Block in which global energy supermajor Exxon has a 45% interest with 30% and 25% held... Continue Reading →
(Reuters) - Consortia led by Brazil's 3R Petroleum Oleo e Gas SA (RRRP3.SA) and private equity firm Seacrest Capital have submitted binding offers for a refinery and dozens of oilfields owned by state-run Petrobras, three people familiar with the matter told Reuters. Polo Potiguar is expected to fetch Petroleo Brasileiro SA (PETR4.SA) from several hundred million dollars to over... Continue Reading →
Development of the liquefied natural gas market boosts supply chain in the country's energy sector With the New Gas Law, sanctioned on April 8, liquefied natural gas (LNG) will have a relevant role in the national market. Among the main advantages of the fuel are the competitive prices, in addition to the flexibility of origin.... Continue Reading →
