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(Reuters) - Exxon Mobil Corp (XOM.N) sees its investments in Brazil's offshore helping the company achieve a goal of lowering carbon emissions in its oil and gas production, country head Juan Lessmann said on Wednesday. Exxon's board is considering a pledge to cut carbon emissions to net zero by 2050 amid pressure from big investors to address... Continue Reading →
(Reuters) Rising calls to cut carbon emissions and to reduce global warming could generate more offshore partnerships and increase the output of cleaner oil for Brazil, the production chief of state-controlled Petrobras said in an interview. Brazil oil officials are in Houston at an offshore oil conference shopping for partners to develop deepwater oilfields that... Continue Reading →
(Reuters) - U.S. oil major Exxon Mobil Corp (XOM.N), along with Chevron Corp (CVX.N), is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, sources familiar with the efforts said. The two largest U.S. oil companies want to produce sustainable fuels without ponying up billions of... Continue Reading →
Offshore engineering company Aquaterra Energy has completed the engineering design for a renewable-powered Sea Swift offshore platform for DeNovo Energy. The offshore platform is part of the development activity for the Zandolie field, located in the Gulf of Paria, off the west coast of Trinidad, and is scheduled to be installed in Q4 2021. The... Continue Reading →
Exxon Mobil Corp is considering a pledge to reduce its net carbon emissions to zero by 2050, the Wall Street Journal reported on Thursday, citing people familiar with the matter. The report comes more than two months after the oil major's shareholders cast out three Exxon directors for the nominees of a hedge fund that... Continue Reading →
Simply Blue Energy and Subsea 7, the consortium behind the proposed Salamander floating wind project, have signed an MOU for potential incorporation of ERM’s Dolphyn hydrogen technology. Simply Blue Energy and Subsea 7, the consortium behind the proposed 200-MW Salamander floating wind project, have signed a memorandum of understanding for potential incorporation of ERM’s Dolphyn hydrogen... Continue Reading →
(Reuters) - Glencore (GLEN.L) will return $2.8 billion to shareholders in 2021 after soaring commodity prices helped the mining and trading company to a record performance for the first six months of the year, it said on Thursday. The London-listed company joins rivals Rio Tinto (RIO.L) and Anglo American (AAL.L) in declaring bonanza payouts after record half-year profits buoyed by a... Continue Reading →
U.S. offshore engineering and construction services firm McDermott International has set up emission reduction targets, outlined in its recent sustainability report. McDermott’s aim is to reach a 50% reduction in scope 1 and 2 greenhouse gas (GHG) emissions by 2030, as well as a 35% reduction in scope 3 GHG emissions for ten key supply... Continue Reading →
Subsea engineering, construction and services company Subsea 7 has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L. a developer of technology for the floating wind market based in Bilbao, Spain. According to Subsea 7, Nautilus has developed a promising concept for a floating wind foundation based... Continue Reading →
(OE) Oilfield services giant TechnipFMC plans to acquire the remaining 49% of shares in TIOS AS from Island Offshore. TIOS is an offshore well intervention joint venture formed in 2018 between TechnipFMC and Norwegian offshore vessel owner Island Offshore. TechnipFMC said Thursday the move would speed up the development of TechnipFMC’s integrated service model "focused... Continue Reading →
Brazil Energy Insight 