Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Siemens Energy (ENR1n.DE) expects more than 1 billion euros ($1.1 billion) in revenues over the medium-term from its hydrogen electrolyser manufacturing business, one of the company's board members said on Wednesday. Electrolysers can use renewable energy to separate hydrogen from water, and the hydrogen can then be used as a alternative to fossil fuels in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media and in line with the statement of October 25, 2023, confirms that its 2024-2028 Strategic Plan (2024-28 SP) is under construction, and will still be approved by the company's Executive Board and Board of Directors. The strategic elements of the 2024-28... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Riograndense Petroleum Refinery (RPR) has reached a historic milestone by processing 100% soybean oil in an industrial refining unit for the first time. The test, carried out between the end of October and the beginning of November, opens a new world frontier for biorefining. The technology, developed... Continue Reading →
(OE) The world's first offshore renewable energy project, combining floating wind power and deep-sea aquaculture, has been completed in China, Shanghai Electric Wind Power Group has informed. The project is developed by Longyuan Power Group, together with Shanghai Electric Wind Power Group (Wind Power Group), a subsidiary of Shanghai Electric, which provides the power generation... Continue Reading →
(OE) Flotation Energy and Vårgrønn, a joint venture between Plenitude (Eni) and HitecVision, have signed exclusivity agreements for two floating offshore wind developments with up to a total of 1.9 gigawatt (GW) capacity under Crown Estate Scotland’s Innovation and Targeted Oil and Gas (INTOG) leasing round. "When completed, the wind farms will provide renewable electricity... Continue Reading →
(OET) A geotechnical survey campaign has been completed at the Ossian floating offshore wind farm site in Scotland. Set to be located across 858 square kilometers of seabed off the east coast of Scotland, the project is a joint venture between SSE Renewables, Marubeni, and Copenhagen Infrastructure Partners (CIP). The site’s seabed is around 72... Continue Reading →
(OM) With the worldwide mandate for emissions reduction, operators are urgently looking for ways to ‘green’ their production platforms. A particular focus is being placed on new and upcoming FPSOs scheduled for deployment offshore Brazil. Some of the most promising paths toward that result include a re-examination of power generation technologies, and here operators are... Continue Reading →
(OE) Classification society DNV has issued a statement of qualified technology to SBM Offshore for its carbon capture plant or CO2 capture solution for FPSOs developed in partnership with Mitsubishi Heavy Industries. The statement verifies that the designated technology is feasible for the intended application and that the technical claims are adequately substantiated. The statement... Continue Reading →
(Reuters) BP on Tuesday reported third-quarter earnings of $3.3 billion, missing analysts' forecasts as strong oil trading and refining margins were offset by weak gas results and the write down of a large chunk of a U.S. windfarm project. The British company maintained its dividend at 7.27 cents per share and extended its $1.5 billion... Continue Reading →
(FOR) Shell has taken another axe to its once lofty decarbonization plans, as the U.K. oil giant’s pivot back to fossil fuels picks up steam. The group plans to cut at least 15% of staff working in its low-carbon solutions division while scaling back its hydrogen business, Reuters first reported Wednesday. The move will see 200 jobs go in... Continue Reading →
Brazil Energy Insight 