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Petrobras, Gerdau, and Naturgy have signed contracts for the supply of natural gas in the free market environment to serve Cosigua, Gerdau's long steel production unit located in Rio de Janeiro (RJ). The agreement marks the first migration of a captive industrial market customer to the free market in the State, making the company's plant... Continue Reading →
(offshoreWIND.biz) California-based floating wind technology developer, Aikido Technologies, has secured USD 4 million (approximately EUR 3.7 million) in seed funding to advance its platform technology and establish pilot projects. The financing was led by Azolla Ventures with participation from Propeller Ventures, Sabanci Climate Ventures, Cisco Foundation, Anthropocene Ventures, and others. Aikido said that it will... Continue Reading →
(Reuters) U.S. firm Fulcrum LNG was selected to help Guyana develop a plan to design, finance, construct and operate a natural gas processing facility in the South American country, President Irfaan Ali said on Thursday. The company's proposal was selected from among 17 submitted to Guyana for the gas project. Fulcrum will work with Guyana... Continue Reading →
(Reuters) - BP has agreed to buy grain trader Bunge's 50% stake in Brazilian sugar and ethanol joint venture BP Bunge Bioenergia for $1.4 billion in a bet on growing demand for low-carbon biofuels. Following the completion of the deal, expected by end-2024, BP will take full ownership of Bioenergia which has production capacity of around 50,000... Continue Reading →
Principle Power has signed a non-exclusive Memorandum of Understanding (MoU) with HSG Sungdong to cooperate on engineering developments for mass production and assembly of WindFloat® technologies. The agreement furthers the development of a sustainable domestic supply chain in South Korea and supports the country's ambition to achieve 14.3 GW of offshore wind capacity by 2030.... Continue Reading →
(Offshore-energy.biz) While the search for hydrocarbons has been ongoing in certain parts of Africa for decades with varying degrees of success, a slew of new oil and gas discoveries has pushed the continent to the forefront of global exploration hotspots. Given its string of recent discoveries, one of the countries in West Africa, Cote d’Ivoire,... Continue Reading →
(offshoreWind.biz) According to a recent report from Rystad Energy, continental Europe will see the installation of 137 offshore substations over the coming decade, with an estimated total investment of USD 20 billion (approximately EUR 18.6 billion). According to the report, over 120 substations will be installed between 2024 and 2030 at a cost of around... Continue Reading →
(offshoreWind.biz) The US Bureau of Ocean Energy Management (BOEM) is seeking ideas for baseline environmental and socioeconomic studies to inform its decisions on potential offshore wind energy activities in the US territories. To formally request ideas for baseline environmental and socioeconomic studies, the bureau has issued a request for Letters of Interest (LOI). In addition,... Continue Reading →
(OE) Dutch thermoplastic composite pipe (TCP) technology company Strohm has secured $21.4 million ($20 million) investment from SENCO Hydrogen Capital, aimed at boosting its growth trajectory focused on hydrogen and carbon capture utilization and storage (CCUS) applications. The partnership between the two companies also seeks to reduce carbon footprint in the pipeline infrastructure for conventional... Continue Reading →
Petróleo Brasileiro S.A.- Petrobras informs that on Tuesday (18/6) it signed a Protocol of Intentions with the Government of the State of Rio de Janeiro to State of Rio de Janeiro to carry out joint studies to feasibility of implementing an offshore wind energy pilot project. project. The agreement provides for the establishment of cooperation... Continue Reading →
Brazil Energy Insight 