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(OE) If awards were given for dominating the sustainable energy spotlight, offshore wind (OSW) would surely be in line for top honors. Consider: Big money: BOEM’s February sale of New York Bight offshore wind development rights drew a record $4.37 billion in developers’ bids. Not only is that real money, but just as critically, “This... Continue Reading →
(Reuters) - Shell (SHEL.L) will write down up to $5 billion following its decision to exit Russia, more than previously disclosed, while soaring oil and gas prices boosted trading activities in the first quarter, the company said on Thursday. The post-tax impairments of between $4 billion and $5 billion in the first quarter will not impact the... Continue Reading →
A “bare minimum” of £458 billion of investment and policy support will be needed by 2050 to get the global hydrogen market up and running. That is according to the latest hydrogen strategic planning outlook report by Wood Mackenzie, a Verisk business. Flor Lucia De la Cruz, senior research analyst at the research company, said: “Substantial... Continue Reading →
(Valor) Prumo Logística wants to attract low-carbon businesses to Porto do Açu, in São João da Barra, in the north of the state of Rio de Janeiro. With the energy transition, the company will take advantage of its experience in supporting the exploration and production of oil and gas to support the development of offshore... Continue Reading →
DNV, the independent energy expert and assurance provider has this week called the governments of countries where the floating wind is a viable option to remove existing barriers in their regulatory frameworks to allow for easier and faster deployment of floating wind projects. DNV expects that offshore wind’s contribution to the wider energy mix will... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 09/23/2016 and 04/04/2017, informs that it received today from Nova Infraestrutura Gasodutos Participações S.A. (NISA), a company held by Nova Infraestrutura Fundo de Investimentos em Participações Multiestratégia (FIP), an investment fund managed by Brookfield Brasil Asset Management Investimentos Ltda (Brookfield), and by Itaúsa... Continue Reading →
Reuters) - Exxon Mobil Corp (XOM.N) on Friday received approval to begin work on its fourth offshore oil project in Guyana from the South American country's Environmental Protection Agency. The permit will allow Exxon to begin construction and operation of its Yellowtail project, the latest of up to 10 expected to be producing oil this decade. A... Continue Reading →
(epbr) The Danish wind turbine giant, Vestas, signed a memorandum of understanding with the government of Rio Grande do Norte (RN) to study the feasibility of implementing a port-industry that includes offshore wind projects and green hydrogen production. The agreement is the result of a visit that Governor Fátima Bezerra made to Denmark in November... Continue Reading →
(epbr) Licensing for offshore wind projects in Brazil surpassed the 106 GW of power under licensing at Ibama this month, with the arrival of projects from TotalEnergies (9 GW) and Shell Brasil (17 GW). TotalEnergies' projects are the Sopros do Ceará, Sopros do RJ and Sopros do RS wind farms, each with 200 wind turbines... Continue Reading →
(epbr) TotalEnergies, a major western oil and gas producer, is developing 9 GW of offshore wind generating capacity off the coast of Brazil. There are three distribution parks in Ceará, Rio de Janeiro and Rio Grande do Sul. It joins the giants Equinor and Shell, also in the oil and gas segment, but with energy... Continue Reading →
Brazil Energy Insight 