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Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 10/22/21, informs that it signed an agreement today with the National Agency of Petroleum, Natural Gas and Biofuels (ANP) relating to the collection of royalties on the operation of the Shale Industrialization Unit (SIX), located in São Mateus do Sul, state of Paraná,... Continue Reading →
Developers are currently planning to install more than 6 gigawatts (GW) of offshore offshore wind capacity over the next seven years, with the bulk of the projects coming online in 2025, the U.S. Energy Information Administration said in its Preliminary Monthly Electric Generator Inventory report. The number would fall far short of the Biden Administration’s target of... Continue Reading →
In a first for the Americas region, Strohm has delivered a deep-water thermoplastic composite pipe (TCP) jumper to ExxonMobil affiliate Esso Exploration & Production Guyana Ltd (EEPGL). According to Strohm, ExxonMobil’s subsidiary plans to install the subsea water alternating gas (WAG) jumper made from TCP on the Liza Phase 2 project in Guyana this year. The Liza... Continue Reading →
(Reuters) - Siemens (SIEGn.DE) said the market environment would dictate when it sells further shares in Siemens Energy (ENR1n.DE), after warning late on Thursday that it was booking a writedown related to a slide in the value of Siemens Energy. "As we’ve emphasized in the past, we still clearly intend to reduce our stake in Siemens Energy. However,... Continue Reading →
(Reuters) - Ecuador's state oil company Petroecuador hopes to be able to lift a declaration of force majeure over its Oriente crude exports by July 7, following an agreement between the government and indigenous leaders that put an end to over two weeks of protests, a company executive said on Thursday. A pact to end... Continue Reading →
Brazil Energy Insight 