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(Reuters) - Brazil's wind power sector lost steam in 2024, local association ABEEolica said on Friday, noting that it expects continued downward pressure before growth resumes in 2027. WHY IT'S IMPORTANT Renewable power supply surged in Brazil in recent years on hefty government incentives and subsidies, but demand did not expand as quickly and the... Continue Reading →
As of Jan. 17, 2025 creditors take control of Norwegian owned Seacrest Oil company. The company is in default with banks and with Petrobras, from which it acquired the onshore North Capixaba and Cricaré Clusters. After successive negotiations, creditors decided to manage the company and are now looking for an operator for the assets Seacrest... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that its gasoline and S-10 (low sulfur) diesel production surpassed historical records from previous years in 2024. The total volume of gasoline produced reached 24.4 billion liters, exceeding the previous record of 2014 (24.2 billion liters). Meanwhile, S-10 diesel production last year broke the previous record from 2023, reaching... Continue Reading →
(offshore-energy.biz) Despite the challenges hitting the fossil fuel industry, demand for hydrocarbons remains steady, as confirmed by the global engineering, procurement, and construction (EPC) contracting activity across the offshore oil and gas landscape. The batch of new projects, which are expected to reach the EPC stage this year, will lead to awards worth billions of... Continue Reading →
(offshore-energy.biz) Oslo-listed energy, marine, and engineering consultancy ABL Group has enlarged its capabilities in the engineering and design segments of the maritime and offshore energy landscape by bringing Proper Marine, a Brazil-based naval architecture and engineering consultancy, into its fold, which enables the latter to merge with the Norwegian company’s design and engineering arm known... Continue Reading →
(Reuters) - Peru's niche Bretaña crude oil is gaining popularity in the United States, with the first cargo discharging in the U.S. Gulf Coast this month as U.S. refiners seek alternatives for declining Mexican heavy crude. Bretaña, a rare heavy sweet crude with minimal metals, is produced in the Peruvian side of the Amazon rainforest.... Continue Reading →
(offshoreWIND.biz) Brazil’s President Luiz Inácio Lula da Silva has signed into law the bill recently passed by the Brazilian Senate that establishes regulations on allocating and permitting offshore wind development areas. The Brazilian president has vetoed provisions related to fossil fuels in the final version of the legislation which were added while the bill was... Continue Reading →
(offshore-energy.biz) Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson Holdings, has highlighted that its third floating production, storage, and offloading (FPSO) unit in Brazilian waters, which recently achieved first oil, will feature a carbon management process plant to decarbonize the FPSO operations in line with the firm’s sustainability goals. The... Continue Reading →
Offshore accommodation rig provider Prosafe has signed a contract extension with Petrobras for the provision of the Safe Zephyrus semi-submersible vessel for safety and maintenance support offshore Brazil. The original 650-day firm period was due to complete in February 2025, but has been extended by 954 days, bringing in $109.7 million to Prosafe. The extension... Continue Reading →
(TN) Port of Açu and Yamna, an English company specialized in the production of green hydrogen and its derivatives, have signed an agreement to reserve an area in the low-carbon hub of Port of Açu, located in the North of Rio de Janeiro, for the implementation of a green ammonia plant. The port complex is... Continue Reading →
