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(OE) Brazilian state-run oil and gas company Petrobras has hired Kanfa, a fully-owned subsidiary of Technip Energies, to conduct a carbon capture and storage (CCS) study for its offshore assets. With the study, Petrobras aims to get a thorough understanding of the technology and get a confirmation that it is technically and economically feasible to... Continue Reading →
(OE) NOV reports its Lifting & Handling group has sold what is said to be the industry’s first-ever electric subsea crane. The order was booked at the end of 2023 with an undisclosed client in Europe, NOV said. The first-of-its-kind crane offers enhanced efficiency compared to electro-hydraulic cranes, helping lead to reduced vessel emissions, the... Continue Reading →
(OET) With the current energy ecosystem in mind, Japan’s FPSO operator MODEC has unveiled its new, mid-term business plan, covering the period from 2024 to 2026, which spotlights the Japanese player’s intention to further strengthen the profitability of its core FPSO business, strategically invest funds to decarbonize its FPSO units, develop new opportunities, and bolster... Continue Reading →
In 2023, we delivered an excellent upstream operational performance, meeting all production forecasts for the year. Total annual production of oil and natural gas, of 2.782 MMboed, was 3.7% above the production of 2022. Our good results were made possible mainly by the start-up of FPSOs Almirante Barroso, Anna Nery and Anita Garibaldi, as well... Continue Reading →
(epbr) Petrobras plans to conquer 10% of the centralized wind and solar generation market in Brazil by 2028, according to a presentation made to investors in New York. The company's 2024-2028 strategic planning foresees having around 5 GW of photovoltaic and wind capacity in operation or construction. To achieve this, the state-owned company will invest... Continue Reading →
(Reuters) - New York State said on Friday it received bids to supply power from three offshore wind projects in its expedited fourth solicitation that allowed developers to exit old contracts and re-offer projects at higher prices. Companies that submitted bids included units of Equinor (EQNR.OL), opens new tab, Orsted (ORSTED.CO), opens new tab, and a joint... Continue Reading →
(PN) Petrobras is in direct negotiations with Seatrium (a company formed by the merger between Sembcorp Marine and Keppel Offshore) for the construction of platform ships (FPSOs) P-84 and P-85. The vessels will be installed by Petrobras in the Atapu and Sépia fields, respectively, both located in the pre-salt of the Santos Basin. In Brazil,... Continue Reading →
(OET) The Department of the Interior’s Bureau of Ocean Energy Management (BOEM) has made modifications to monetary penalties for oil and gas companies, implementing the 2024 inflation adjustments for the maximum daily civil monetary penalties contained in BOEM regulations per Federal law. The Bureau of Ocean Energy Management made the final rule announcement on Thursday, January 25, 2024,... Continue Reading →
(Reuters) - Colombia's renewable energy sector could get investment of up to $2.2 billion in 2024 across 66 projects that are soon to enter production or waiting to complete paperwork, renewable energy association SER Colombia said on Thursday. Colombia has set its sights on developing renewable energy sources, such as solar, wind and geothermal, as... Continue Reading →
(OET) Within its 2024 Business Strategy and Development Plan, China’s oil and gas giant CNOOC Limited has outlined a set of objectives for the year ahead. With energy demand on the rise, the Chinese giant has unveiled intentions to step up oil and gas production, bolster its hydrocarbon reserves, and scale up natural gas exploration... Continue Reading →
Brazil Energy Insight 