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(Reuters) - The U.S. Department of Energy said on Wednesday it has awarded up to $2.2 billion to centers on the Gulf Coast and in the Midwest to develop hydrogen, an emerging source of energy that is expensive to produce using renewable power. WHY IT'S IMPORTANT Hydrogen backers, including the administration of President Joe Biden,... Continue Reading →
Petróleo Brasileiro S.A Petrobras Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan 2050 (SP 2050) and the Business Plan 2025-2029 (BP 2025-29). During the development of the Plans, the Board of Directors took part in discussions with the technical areas and the Executive Board, leading to the... Continue Reading →
(OE) NOV has introduced the Quick Connector, developed by its subsidiary GustoMSC, to enhances the safety and efficiency of offshore lifting operations across the offshore energy industry. As countries seek to increase their renewable energy capacity and reduce carbon emissions, offshore wind will play a major role in the world’s expanding energy mix. However, these... Continue Reading →
(offshore-energy.biz) A steel-cutting ceremony has been held for one of the two floating storage, production, and offloading (FPSO) units Singapore-headquartered Seatrium is building for Brazil’s state-owned giant Petrobras. The start of construction on FPSO P-84, described as the “largest FPSO in Petrobras’ history,” was marked with a ceremony held on November 15 at the CIMC Raffles Offshore’s Yantai shipyard in China.... Continue Reading →
(offshoreWIND.biz) The Massachusetts State Legislature has passed a clean energy bill aimed at strengthening future offshore wind contracts. Among other provisions, the bill would allow the state to negotiate contracts of up to 30 years, extending the current 20-year limit. According to Massachusetts State Senator Karen E. Spilka, the legislation allows future offshore wind contracts to... Continue Reading →
(OE) DNV has signed a memorandum of understanding (MoU) with Seatrium to cooperate on strategic activities and projects in the areas of engineering, technology and new product design, with key focus on floating offshore energy solutions. Under the MoU, DNV will provide Seatrium with expert advice on market and regulatory trends, emerging technologies, and best... Continue Reading →
(oilprice.com) Exxon’s chief executive has warned president-elect Donald Trump it would be a bad idea to leave the Paris Agreement on climate change, saying it would create uncertainty for the business world. “I don’t think the stops and starts are the right thing for businesses,” Darren Woods told the Wall Street Journal in an interview. “It is... Continue Reading →
(Reuters) - Swiss asset manager Energy Infrastructure Partners (EIP) will raise its stake in Eni's Plenitude unit to 10%, in a deal that values the group's retail and renewable business at more than 10 billion euros ($11 billion) including debt. The Italian energy group said in a statement on Monday that EIP had agreed to subscribe... Continue Reading →
(Reuters) - Brazil announced details of its new climate change pledge late on Friday night that sets a target to lower the country's greenhouse gas emissions by 2035, which it will present during the United Nations climate summit COP29 in Azerbaijan, according to a government statement. WHY IT'S IMPORTANT Brazil is the largest country in... Continue Reading →
(offshoreWIND.biz) The World Bank Group, in collaboration with the Republic of Türkiye’s Ministry of Energy and Natural Resources, has launched an offshore wind roadmap for the country that outlines the potential for up to 7 GW of capacity to be installed by 2040. The Government of Türkiye has set a target of 5 GW installed capacity... Continue Reading →
Brazil Energy Insight 