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Technip Energies and its affiliates Kanfa and Inocean on Wednesday launched a suite of carbon-free solutions for green hydrogen production called of GO.H2TM by T.EN. "Hydrogen is integral to the energy transition, and, building on its long-lasting hydrogen and offshore track record, Technip Energies is bringing expertise into green hydrogen to meet an increasing global... Continue Reading →
The President of Petrobras, José Mauro Ferreira Coelho, said that the state company is studying investing in offshore wind energy. “We are studying an alternative to capture offshore wind energy in deep and ultra-deep waters in a long-term project”, highlighted the executive at the Global Carbon Market Congress, held in Rio de Janeiro. “In 2020... Continue Reading →
(Reuters) - Germany, Belgium, the Netherlands and Denmark will on Wednesday sign a pledge to build at least 150 gigawatts (GW) of offshore wind capacity in the North Sea by 2050, enough to power 230 million European homes,said the Danish energy ministry. This would be an almost tenfold increase in the European Union's offshore wind... Continue Reading →
(Reuters) - Germany's Siemens Energy (ENR1n.DE) is mulling a bid to buy the third of Siemens Gamesa (SGREN.MC) it does not already own, the company said on Wednesday, hoping this will help it fix long-standing problems at the Spanish-listed wind turbine maker. Siemens Energy faces mounting shareholder pressure to seek control of Siemens Gamesa, in which it owns 67%,... Continue Reading →
(Reuters) - Brazil's newly appointed Mines and Energy Minister Adolfo Sachsida will face resistance at Petrobras (PETR4.SA) if he pushes to remove import costs from the state-run oil company's fuel price calculations, according to people familiar with the matter. Sachsida has supported the move as a way to ease pressure on consumer prices amid a surge in... Continue Reading →
(Reuters) U.S.-based oil producer Talos Energy has temporarily suspended pursuit of an arbitration claim against Mexico amid high-level talks over one of the country's flagship offshore projects, five people close to the matter said. The dispute erupted after Mexico selected state-run Petroleos Mexicanos (Pemex) as the operator of their shared 850-million-barrel Zama field ahead of Talos,... Continue Reading →
U.S.-based offshore oil and gas services firm Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration. Alliance is a Louisiana-based privately held company that provides services supporting the upstream and midstream industries in the Gulf... Continue Reading →
(OE) Utilization is one of the key barometers of the health of the offshore rig market, as it identifies what percentage of the usable fleet is available versus what is not. While there has been much excitement over the past year regarding rapidly increasing offshore rig utilization (and dayrates), it appears the true extent of... Continue Reading →
(WO) African nations should resist pressure from “powerful interests” to hastily abandon fossil fuels to avoid hurting their economies, Angola’s President Joao Lourenco said. Since the COP26 climate summit in Glasgow in November, pressure has been building on African countries to shift to cleaner energy sources to avoid catastrophic global warming. “More than 125 billion oil barrels... Continue Reading →
Iberdrola has commissioned a solar-powered green hydrogen plant in Puertollano, central Spain, which it says is the largest plant currently operating in the world. The plant was opened on Friday by a delegation including King Felipe VI of Spain, the President of the Regional Government of Castilla-La Mancha, Emiliano García-Page, and Iberdrola chairman Ignacio Galán,... Continue Reading →
Brazil Energy Insight 