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SBM Offshore, one of the world's largest suppliers of floating, production, storage, and offloading (FPSO) vessels for the offshore oil industry, is looking at ways to diversify its offering, with a more dominant role predicted for gas in the future. The company, which has the ambition to have 25% of revenues from Gas & Renewables... Continue Reading →
Chevron Corp on Monday set a target to cut operational emissions to net zero by 2050, joining a list of energy companies taking steps to reduce their carbon footprint. The move to cut upstream emissions from its own operations and indirect emissions such as those from power generation comes as investors and governments increase pressure... Continue Reading →
Qatar changed the name of its state-owned oil and gas firm to Qatar Energy from Qatar Petroleum to reflect what it said was a broader strategy but said it had no plans to sell assets to raise funds as other Gulf state producers have. "We have plenty of cash," Chief Executive Saad al-Kaabi said on... Continue Reading →
The National Environment Council (Conama), which will allow Petrobras to reduce emissions in new projects with fully electrified platforms. The state-owned company says it is technologically prepared to adopt this type of platforms and, with the amendment to Resolution 382/2006, approved by Conama, it is able to incorporate the technology in its new maritime units.... Continue Reading →
(epbr) The regulatory framework for offshore wind farms must be done by decree and create rules to define, by auction, who will have the right to explore maritime areas for energy generation. The auction would solve the dilemma of overlapping projects currently in the licensing process with Ibama, for example. -- The Minister of Mines... Continue Reading →
(Reuters) - Royal Dutch Shell (RDSa.L) warned on Thursday of a $400 million hit to third-quarter earnings from the damage caused by August's Hurricane Ida. However, in an update ahead of quarterly results this month, the oil major also flagged a boost to cashflows from soaring natural gas and electricity prices. Gas and power prices have been... Continue Reading →
(Reuters) - The use of low-carbon hydrogen and ammonia in fossil fuel power plants can play a key role in maintaining energy security during the transition to greener power, the head of the International Energy Agency (IEA) told a virtual conference held by Japan's industry ministry on Wednesday. IEA chief Fatih Birol told the International... Continue Reading →
(Reuters) - Spain's Repsol (REP.MC) raised its targets for building new renewable generation capacity and cutting emissions from its oil and gas business on Tuesday as part of a bid many in its sector in Europe are making to stave off global warming. The company said it now plans to have installed wind, solar and hydro plants... Continue Reading →
(Reuters) - Governments need to step up investment in hydrogen production and storage chains to help cut net emissions to zero, the International Energy Agency (IEA) said on Monday. States and private investors had so far only come up with about a quarter of the $1,200 billion needed by 2030 to develop and deploy hydrogen... Continue Reading →
Subsea 7 has officially completed the transaction to combine its Renewables business unit with Norway’s OHT ASA into a pure-play renewables company. Effective from the closing of the transaction, the combined company is renamed Seaway 7. Subsea 7’s wholly-owned indirect subsidiary, Subsea 7 Blue Space, holds 72% while OHT holds 28% of the new company’s... Continue Reading →
Brazil Energy Insight 