Petrobras has authorized hiring processes for support vessels for exploration and production logistics, with the aim of meeting short-term demand for the years 2025 and 2026. It also approved contracting new support vessels for long-term demands, whose technical specifications will focus on new technological solutions for efficiency and reducing greenhouse gas (GHG) emissions. These opportunities... Continue Reading →
Trafigura pleads guilty, agrees to pay about $127 million to settle US Petrobras probe
(Reuters) - Commodity trader Trafigura has agreed to pay about $127 million to resolve a probe into bribes paid to Brazilian officials to secure oil contracts, the U.S. Department of Justice and the firm said on Thursday. Trafigura Beheer BV, the parent company of Trafigura Group during the relevant period, has agreed to pay a... Continue Reading →
Neoenergia installs pioneering floating system in Brazil for offshore wind measurement studies
A protagonist of the energy transition in Brazil, Neoenergia took an important step towards advancing studies into the development of offshore wind energy generation. The company has just installed the floating LiDAR sensor (acronym in English for Light Detection and Ranging) to collect data on wind and sea characteristics in an area on the north... Continue Reading →
New England Offshore Wind Auction Draws Multiple Bidders
(Reuters) Several offshore wind developers bid in a combined Connecticut-Massachusetts-Rhode Island offshore wind solicitation on Wednesday, including units of European energy firms Iberdrola and Orsted. The U.S. offshore wind industry is booming so far this year, with several projects in various stages of development and construction, after a disastrous 2023 of developers cancelling contracts and... Continue Reading →
Corio, Prumo Team Up to Explore Using Brazilian Port for Offshore Wind Projects
(offshoreWind.biz) Corio Generation and Brazilian port developer Prumo have signed a Memorandum of Understanding (MoU) to explore using the Port of Açu, north of Rio de Janeiro State, for the deployment of Corio’s future offshore wind projects. Under the agreement, the two companies will explore using the Port of Açu as a strategic base for... Continue Reading →
Iberdrola, Rio de Janeiro Sign Offshore Wind MoU
(offshoreWind.biz) Iberdrola’s renewable energy development arm in Brazil, Neoenergia, has signed a Memorandum of Understanding (MoU) with the government of Rio de Janeiro state to explore the development of offshore wind projects. Under the agreement, Neoenergia and the government of Rio de Janeiro will carry out studies regarding offshore wind generation in the state’s coastal... Continue Reading →
Brazil’s Ministry of Mines and Energy wants to advance debates on criteria for choosing and disputing areas for offshore wind farms
The Ministry of Mines and Energy (MME) will begin to evaluate the regulation of parameters for the selection of areas destined for offshore wind generation projects, according to the ministry's Secretary of Energy Transition and Planning, Thiago Barral. The executive also said that the ministry will discuss criteria so that the auctions for areas considers... Continue Reading →
Petrobras to install two offshore wind turbines with R&D funds by 2029
(epbr) “We want to install two wind turbines to gain experience, analyze, prepare,” Tolmasquim told journalists during an event this Tuesday. The company has already started conversations with the Union Heritage Secretariat (SPU) for access to the areas. In the case of the Southeast, the location selected for the R&D project is close to Porto... Continue Reading →
Constellation’s net revenue grows 36% in 2023 and reaches US$552 million
Constellation, leader in the offshore drilling market in Brazil, recorded net revenue of US$552 million in 2023, a growth of 36% compared to the previous year. The result before interest, taxes, depreciation and amortization (Ebitda) was US$ 185 million, 176% higher than in 2022. The company released its 2023 financial results to the market this... Continue Reading →
Frade completes five years and corresponds for more than half of PRIO’s production
(PN) PRIO, one of the largest independent oil and gas companies in Brazil, is celebrating the production results of Campo de Frade, located in the Campos Basin (RJ), which is completing its fifth year of activities with the company. The field was acquired in March 2019. At the end of 2023, PRIO completed the second... Continue Reading →