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(OE) China’s state-owned ZPMC Qidong Marine Engineering has launched the bow section of the P-82 floating production storage and offloading (FPSO) unit, being built by Seatrium for Petrobras’ Búzios field offshore Brazil. The bow section of the N1151 (P-82) FPSO, said to be the world’s largest, exited the dock at ZPMC Qidong Marine Engineering in... Continue Reading →
(Reuters) BP expects oil demand to peak next year and wind and solar capacity to grow rapidly in both of the two main scenarios in its annual Energy Outlook, a study of the evolution of the global energy system to 2050 it published on Wednesday. Carbon emissions, caused predominantly by the burning of fossil fuels,... Continue Reading →
(Reuters) - Global hydroelectric generation slumped to a five-year low last year as a result of lower-than-average rainfall across China, North America and India, contributing to record fossil fuel combustion and emissions in 2023. Global hydro generation amounted to 4,240 billion kilowatt-hours (kWh) in 2023 down from a record 4,359 billion kWh in 2020, according... Continue Reading →
Philip Lewis, Contributor Examining similarities and differences between the deepwater oil & gas and the emerging floating wind segment. (OE) There has been much excitement around the potential for the offshore wind industry to access deeper water sites through the deployment of floating wind technology. Further, there has been much discussion around the development and deployment... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that the FPSO Maria Quitéria is currently en route to Brazil. The platform ship departed from China in May and is expected to arrive at its location in the third quarter of this year. The unit is scheduled to begin operations in the last quarter of 2024, thus advancing... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it signed today a Memorandum of Understanding (MoU) with the Chinese Export Credit Agency, Sinosure. The agreement aims to evaluate investment and cooperation opportunities in low-carbon and green finance initiatives; to strengthen Petrobras' supply chain; and to increase and facilitate trade and financial exchanges between Petrobras and Chinese... Continue Reading →
(PN) Petronotícias published an exclusive investigation report into the outcome of the Petrobras tender to contract the P-84 and P-85 platforms, for the Atapu and Sépia fields, respectively, in the pre- salt from the Santos Basin. After a few months of negotiations, Seatrium (a company formed by the merger between Sembcorp Marine and Keppel Offshore)... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that yesterday it signed a memorandum of understanding with the China National Chemical Energy Company (CNCEC) covering several areas, especially renewable energies and energy transition. The partnership also provides for the evaluation of potential commercial agreements in the areas of oil exploration; fertilizer production from natural gas and other... Continue Reading →
(Reuters) - The European Union will investigate subsidies received by Chinese suppliers of wind turbines destined for Europe, the bloc's anti-trust commissioner, Margrethe Vestager, has said. Tuesday's move is the latest in a growing effort in both Europe and the United States to shield domestic clean energy industries from cheap Chinese imports, which authorities say benefit... Continue Reading →
(OE) Yinson Production has held the naming ceremony for FPSO Maria Quitéria which will deployed in at Petrobras’ Jubarte field offshore Brazil. The naming ceremony for the FPSO Maria Quitéria was held at Cosco Shipping Heavy Industry (Shanghai) Shipyard in China on April 3, 2024. FPSO Maria Quitéria is a conversion project with a production... Continue Reading →
Brazil Energy Insight 