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(OE) The U.S. Department of Energy (DOE) and the National Oceanic and Atmospheric Administration (NOAA) have launched an 18-month initiative to gather extensive weather, ocean, and wildlife data near the sites of active offshore wind farms and lease areas off the coast of the Northeast United States. This effort, which is part of the third phase of... Continue Reading →
(Reuters) The U.S. Environmental Protection Agency (EPA) on Thursday, granted a Clean Air Act permit to New York's Empire Offshore Wind owned by Equinor. The permit was given after an air quality analysis showed federal air quality standards would not be compromised during construction and operation of the project, the agency said. "When built, this project is expected to generate... Continue Reading →
(OE) Copenhagen Infrastructure Partner (CIP) has awarded a front-end engineering and design (FEED) contract to Aker Solutions and Principle Power for floating offshore wind projects in South Korea. Haewoori floating offshore wind 2 and 3 projects, each rated at 500 MW, are located off the coast of Ulsan. As part of the scope, Aker Solutions... Continue Reading →
(OE) Italian cable maker and installation services provider Prysmian Group has secured three contracts with German transmission system operator Amprion worth around $5 billion, for two offshore grid connection systems - BalWin1 and BalWin2 - and the underground cable project DC34. The contracts follow the selection of Prysmian as preferred bidder in August 2023. 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 →
(OE) Wintershall Dea and its partners TotalEnergies and Pan American Energy have completed the installation of the Fénix platform offshore Argentina. The platform was installed around 60 kilometer off the coast of Tierra del Fuego, in 70-meter water depth. Given the size of the project, the logistics and the installation of the 4,800-ton platform were... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA), opens new tab hopes to settle details of a tie-up with Mubadala to take back control of the operation of a refinery owned by the Abu Dhabi sovereign investor by the end of the first half of the year, Petrobras' chief executive said on Tuesday. CEO Jean Paul Prates... Continue Reading →
(OE) The U.S. Department of Energy’s (DOE) Wind Energy Technologies Office (WETO) and Innovation Fund Denmark have announced an intention to release a $4.2 million funding opportunity to advance floating offshore wind energy systems. The announcement builds on a memorandum of understanding (MoU) between DOE, the Denmark Ministry of Higher Education and Science, the Denmark... 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 →
(Reuters) - Brazil's state-run Petrobras (PETR4.SA), opens new tab is in talks with other national oil companies in China, India and the Middle East, including Kuwait Petroleum and Qatar Energy, to collaborate on energy projects, its chief executive said on Wednesday. The company is also keen to work with neighbouring Venezuela, Jean Paul Prates told Reuters on... Continue Reading →
Brazil Energy Insight 