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3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”), following best practices in corporate governance and transparency, informs its investors and the market in general the preliminary unaudited production data for March 2022 in the assets that the Company holds participation. (1) Refers to 3R's stake in all Polo Macau concessions. On December 21, 2021,... Continue Reading →
(Offshore Energy)A study commissioned by Crown Estate Scotland has revealed that connecting offshore wind installations directly to oil and gas platforms could help decarbonisation, support economic activity, and encourage new companies to enter the offshore renewable energy sector. The report, carried out by independent consultancy company Natural Power on behalf of Crown Estate Scotland, follows... Continue Reading →
(Reuters) - Record volumes of fuel oil from Latin America landed in the United States in March, customs data showed, as refiners snapped up alternatives to Russian feedstocks ahead of Washington's April 22 deadline to end U.S. imports of Russian oil. U.S. Gulf Coast refiners that use fuel oil to supplement heavy crude went hunting... Continue Reading →
(Reuters) - Shell said on Thursday it diverted $7 billion of its cash flows partly to cover hefty oil and gas margin calls, becoming the first company to publicly acknowledge the pressure commodities traders have faced in 2022 from extreme price rises and volatility. Shell, together with other majors, utility companies, trading houses and banks,... Continue Reading →
(Reuters) Japan's Mitsubishi Corp and Shell aim to produce 400,000 tonnes of "green hydrogen" in 2030 through the companies' European offshore wind power project, the Yomiuri newspaper reported on Thursday. Dutch renewable energy firm Eneco, owned by Mitsubishi and Japan's Chubu Electric Power Co, has decided to invest 10% in a joint venture that includes... Continue Reading →
(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 →
