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Exclusive article from TN Magazine The oil industry's activity resembles a moving bicycle. Without new impulses, the activity remains for a while, but tends to gradually decline and eventually cease. In the oil sector, these impulses can be given in two ways: with the exploration of new areas; or with investments in existing fields to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that later this week it will file a request with Ibama to reconsider the decision to deny the environmental license to drill an exploratory well in block FZA-M-059, located in deep waters in Amapá, in accordance with the procedure provided for in the regulations. The company argues that it... Continue Reading →
May 19, 2023 - Petróleo Brasileiro S.A - Petrobras informs that it answered, on today's date, to the requests contained in Official Letter nr. 386/2023/GM-MME, from the Ministry of Mines and Energy ("MME"), in the terms below: Regarding the denial by IBAMA of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas, Petrobras... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has received Official Letter No. 386/2023/GM-MME, through which the Ministry of Mines and Energy ("MME") requests that Petrobras, within its rules of governance and in compliance with strict legality, reiterate the request for licensing of the activity with the Brazilian Institute of Environment and Natural Resources ("IBAMA"),... Continue Reading →
(Reuters) - A decision by Brazil's environmental regulator to block state-owned oil company Petrobras' Amazon oil project has exposed tensions in President Luiz Inacio Lula da Silva's coalition between green advocates and those prioritizing economic development. Ibama, late on Wednesday, said it would block a request by state-run oil giant Petrobras (PETR4.SA) to drill at the Amazon mouth near... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has received news about IBAMA's rejection, yesterday, of the environmental licensing process for Block FZA-M-59 in Amapá Águas Profundas. The company also informs that it has not been officially notified by the agency, and as soon as it is notified it will formulate a request for reconsideration... Continue Reading →
(Reuters) In the port city of Taichung on Taiwan's west coast, a crane hoists into place the end section of a white wind turbine tower that stands almost a hundred meters tall. The turbine will be one of 111 spinning at a multi-billion dollar offshore wind project located up to 60 kilometers into the Taiwan Strait, which... Continue Reading →
(OE) Cerulean Winds plans to build an offshore integrated green power and transmission system, powered by floating wind, that North Sea oil and gas platforms will plug into for clean power, under the project called the North Sea Renewables Grid (NSRG), Cerulean and partner Frontier Power International will develop three 333km2 sites of hundreds of floating... Continue Reading →
(Reuters) - Energy ministers from European countries surrounding the North Sea are set to pledge to quadruple offshore wind energy capacity by the end of the decade as they aim to turn the region into an engine of renewable power. Seven European Union countries, including Germany, France and the Netherlands, alongside non-EU countries the United... Continue Reading →
As the global energy crisis demonstrated last year that the energy security of certain countries hangs by a thread, the American Petroleum Institute (API), a trade association representing the oil and gas industry, has called on the Biden administration to address – what it sees as – the broken permitting process, which is halting U.S. energy... Continue Reading →
Brazil Energy Insight 