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(Reuters) - The world needs to find $1.3 trillion of incremental investment by 2030 to boost all types of energy output and infrastructure from renewables to oil and gas to avoid an energy crunch, U.S. bank JP Morgan said in its first annual energy outlook. "Our main finding is that by 2030, energy demand growth... Continue Reading →
(Offshore Energy) The global social networking company Meta – formerly known as Facebook – has expressed interest in the hybrid offshore renewable energy solution developed by GEPS Techno. Jean-Luc Longeroche, CEO and co-founder of Geps Techno, said that Meta had confirmed its wish to work with the company in order to multiply the power of its submarine cables by... Continue Reading →
(Offshore Energy) The invasion of Ukraine has led to tighter gas supplies, higher prices, and an uncertain outlook, resulting in a downward revision to the International Energy Agency’s forecast for gas demand this year. According to the IEA’s quarterly update from late last week, the world’s demand for natural gas is set to decline slightly in 2022... Continue Reading →
Navitas Petroleum has agreed to farm into the Sea Lion oil field development project offshore the Falkland Islands. Back January 2020, Premier Oil as the Sea Lion operator, and Rockhopper, as the partner in the project, signed non-binding heads of terms with Navitas Petroleum, with a goal of Navitas eventually obtaining a 30% interest in... Continue Reading →
(Reuters) - Global energy trader Gunvor Group reported a net profit of $726 million for 2021, the highest since 2015, buoyed by its natural gas and liquefied natural gas (LNG) divisions, the company said on Tuesday. The profit was the highest since 2015 when net profit was boosted by the sale of most of its... Continue Reading →
(OE) After many false starts, the U.S. offshore wind market is building strong roots for a solid future. But as the market develops from its current northeast and mid-Atlantic niche new opportunities and challenges arise. The U.S. offshore wind market has long been seen as not delivering on its significant potential. With an offshore wind... Continue Reading →
(epbr) White Martins, a supplier of industrial and medical gases, signed a Memorandum of Understanding (MoU) with Porto do Açu to assess the feasibility of producing green hydrogen at the port complex in São João da Barra (RJ). Under the terms of the agreement, Porto do Açu will carry out a study to collect data... Continue Reading →
Enel Brasil and the Government of the State of Bahia signed a Memorandum of Understanding (M)U) to carry out feasibility studies on green hydrogen production projects by Enel Green Power Brasil, the renewable generation arm of the Enel Group in the country. The technical, commercial and financial sectors for this project will be evaluated. The... Continue Reading →
(Reuters) - U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according to industry experts. Calls for new oil supplies are being answered by more producers as U.S. prices stay above $100 per barrel, propelled by Russia's invasion of Ukraine.... Continue Reading →
(PN) In a final assessment of the result of the Permanent Offer auction, held this morning, the National Petroleum Agency (ANP) highlighted the main numbers achieved in the auction. In all, 59 exploratory blocks were acquired in six basins, which generated R$ 422.4 million in signature bonuses. This represents a premium of 854.84%. In addition,... Continue Reading →
