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(U) Brazilian oil giant Petrobras is preparing a pilot project for the capture and storage of industrial carbon dioxide emissions and is looking to build partnerships for a first full-scale CCS hub for the country. While international peers such as ExxonMobil, Chevron, BP and Equinor are already working toward industrial CCS projects in the US... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 03/31/2023 , 03/14/2023 and 04/13/2023, informs that it obtained, last Friday, 04/28/2023, authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) to resume production from 6 more facilities located in the fields of Taquipe, Buracica, Fazenda Alvorada, Rio do Bu,... Continue Reading →
(QC) Offshore drilling company Valaris Limited (NYSE: VAL) has announced strong first quarter results for 2023, with new contracts and extensions announced worth approximately $820 million. Among the new contracts is a three-year offshore drilling project in Brazil, which will involve reactivating the VALARIS DS-8 drillship. CEO Anton Dibowitz expressed optimism for the company’s outlook. “We continue to be... Continue Reading →
Brazil has all the favorable conditions to lead the global development of offshore wind energy. To get an idea, the country's estimated generation potential is 700 GW in offshore locations with depths of up to 50 meters - a volume that corresponds to more than 30 times the installed generation capacity in the world today... Continue Reading →
(epbr) The Dutch government released the Climate Fund project for 2024, which foresees 28.1 billion euros for climate spending in the country until 2030. Of this total, 7.5 billion euros will be used to develop the green hydrogen industry, including 300 million euros to import this energy source – which could favor green hydrogen projects... Continue Reading →
(Reuters) The head of oil major Shell Plc's Brazilian operations on Monday said a temporary oil-export tax established in March was a concerning development that could hurt the country's investment attractiveness. Brazil's government in March said the temporary, four-month tax would compensate for its decision to partially maintain a tax exemption on fuels for consumers,... Continue Reading →
(OE) Oilfield services firm SLB, Rockwell Automation, Sensia, and Cognite on Monday announced a collaboration that they say will "accelerate the evolution" of the offshore industry’s floating production storage and offloading (FPSO) facilities. According to a press statement issued by SLB, until recently known as Schlumberger, digital capabilities developed by the four-company coalition will improve... Continue Reading →
Teresa Wilkie, Contributor Research Director of RigLogix at Westwood Global Energy A noticeable recovery in the West African offshore floating rig market (semisubmersibles and drillships) has been slower to arrive than the other two points of the Golden Triangle – Brazil and the US Gulf of Mexico – but now appears to be well underway. As... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) is not giving up on oil exploration in Brazil, the company's country chief Alberto Ferrin said on Monday during the Offshore Technology Conference (OTC) in Houston. "I would say very crystal clear that Exxon Mobil is not quitting exploration in Brazil at all," Ferrin said, disputing a U.S. newspaper report published last month.... Continue Reading →
(Reuters) - Brazil's state-controlled oil company Petrobras (PETR4.SA) has abandoned a plan to sell its 44% stake in a promising offshore gas project it shares with Colombia's Ecopetrol (ECO.CN) in the Andean country, a Petrobras executive said at a Houston energy conference on Monday. Petrobras and Ecopetrol last year announced a natural gas discovery at the Uchuva-1 deepwater well... Continue Reading →
Brazil Energy Insight 