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Sept 25 (Reuters) - BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, pointing to slowed efforts to increase energy efficiency and reduce global carbon emissions. The oil major's latest Energy Outlook, an annual study of energy trends through 2050, models two scenarios.... Continue Reading →
Sept 24 (Reuters) - China led several countries in announcing new climate plans on Wednesday and offered a veiled rebuke of the U.S. president's anti-climate rhetoric a day earlier at the U.N. General Assembly. Addressing a climate leaders’ summit hosted by U.N. Secretary-General Antonio Guterres, Chinese President Xi Jinping said in a live video message... Continue Reading →
Sept. 24 (PN) The Brazilian Development Bank (BNDES) announced this week the release of R$2.5 billion for Starnav Serviços Marítimos to acquire vessels to be built at the Detroit Brasil shipyard in Itajaí, Santa Catarina. The loan granted to Starnav is equivalent to over 88% of the R$2.9 billion earmarked for the purchase of eight... Continue Reading →
Sept. 24 (Zack's) Petrobras PBR, in collaboration with WEG SA and Norway’s Statkraft AS, has launched the most powerful onshore wind turbine ever installed in Brazil. Located in Bahia state, this 7-megawatt (“MW”) turbine marks a transformative moment for renewable energy in the region and sets a new benchmark for the country’s wind power sector. Strategic... Continue Reading →
Sept. 18 (TN) Petrobras has approved the construction of the São Tomé CCS Pilot Project in Macaé, Rio de Janeiro, a strategic initiative to achieve the carbon neutrality goal by 2050. This is the first CCS (Carbon Capture and Storage) pilot project in Brazil, with infrastructure that allows for the complete integration of CO₂ capture,... Continue Reading →
Sept. 18 (offshore-energy.biz) Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has unveiled a purpose-built floating production storage and offloading (FPSO) hull design, which has secured main scantling approval (MSA) from DNV, a Norwegian classification society. This purpose-built FPSO hull design, equipped with a low-carbon toolset, enables the Malaysian giant... Continue Reading →
Sept. 12 (offshoreWIND.biz) The Irish government has published the National Designated Maritime Area Plan (DMAP) for Offshore Renewable Energy (ORE) proposal and accompanying Public Participation Statement (PPS), outlining plans to develop and manage offshore renewable resources along Ireland’s coast. According to the government, the proposed National DMAP and PPS accelerate the country’s offshore renewable energy... Continue Reading →
Sept 11 (Reuters) - Britain’s largest electricity supplier Octopus Energy has signed a deal with Chinese wind turbine manufacturer Ming Yang Smart Energy, which could see the first Chinese made turbines installed in Britain. Britain is seeking to scale up renewable power to help meet its climate targets but is also grappling with rising project... Continue Reading →
Sept. 9 (OE) ABS has granted approval in principle to a liquefied carbon dioxide (LCO2) floating storage and injection unit (FSIU) designed by MODEC in collaboration with Mitsui OSK Lines (MOL). Tailored to the growing demands of the global carbon capture, utilization and storage (CCUS) value chain, the design eliminates the need for onshore facilities,... Continue Reading →
AUG. 28 - MODEC, a global leader in the construction, chartering, and operation of floating oil and gas production platforms, has taken another step toward decarbonizing its operations. The company has signed a contract with Norwegian Eld Energy to test a pilot system of solid oxide fuel cells (SOFCs), which generate energy without combustion. One... Continue Reading →
Brazil Energy Insight 