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(TN) According to recent data released in the Oil and Natural Gas Production Bulletin of the National Petroleum Agency (ANP), four FPSOs operated by MODEC are among the 10 largest producers in Brazil. The FPSO Guanabara MV31 stood out as the main oil and gas producer in 2024, maintaining the position it achieved in 2023.... Continue Reading →
(Reuters) - China invested 6.8 trillion yuan ($940 billion) in clean energy in 2024, approaching the $1.12 trillion in global investment in fossil fuels, opens new tab, according to a new analysis for U.K.-based research organisation Carbon Brief. That was despite growth in China's clean energy investments slowing to 7% from 40% in 2023 amid overcapacity.... Continue Reading →
Petrobras expects to reach a production of 1.5 million barrels of oil per day in the Búzios field in the near future. The information was given by the CEO of the state-owned company, Magda Chambriard, during a Transpetro event. According to her, the increase in production will be supported by a robust hiring of support... Continue Reading →
by Gabriel Chiappini (exios.com.br) The review of the incentive policies of the Inflation Reduction Act (IRA) in the United States and the withdrawal of the world's largest economy from the Paris Agreement, under the Donald Trump administration, opens up new opportunities for Brazil to attract investments in green projects, such as wind generation and green... Continue Reading →
(oilnow.gy) SBM Offshore is working to lay the foundation for capacity building and local content development in Suriname as it looks towards delivering the first FPSO for TotalEnergies’ Gran Morgu project, set to begin production in 2028. Pierre Gaté, Country Entry-Manager of SBM Offshore Suriname, said the company is leveraging its early presence to maximize... Continue Reading →
(offshore-energy.biz) A geophysical and geotechnical survey conducted offshore Viana do Castelo by Portugal’s WavEC Offshore Renewables has provided data on the seabed’s characteristics, supporting the development of floating offshore renewable energy projects. The study, carried out within the Technological Free Zone (ZLT), is part of the EU-SCORES initiative and was commissioned by WavEC to Instituto Hidrográfico –... Continue Reading →
(offshore-energy.biz) Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has disclosed the date for the country’s next oil and gas licensing round. The Agency has also presented draft legislation to encourage more exploratory activities and a tool for tracking greenhouse gas (GHG) emissions from oil and gas production activities in the country. Based... Continue Reading →
(OE) SBM Offshore and Petrobras have signed an agreement to study the application of carbon capture modules on floating production, storage, and offloading (FPSO) units. The module design is based on an engineering and design study between SBM Offshore and Mitsubishi Heavy Industries (MHI), qualified by DNV. It is based on a combination of MHI’s... Continue Reading →
(Reuters) New York's utility regulator on Thursday granted a unit of Norwegian energy firm Equinor permission to build and operate transmission facilities for the company's Empire Wind 1 offshore wind farm under construction off the state coast. The transmission line for the project runs about 17.5 miles (28.2 kilometers) from the boundary of New York State... Continue Reading →
On Wednesday, February 12, Petrobras signed an oil export contract with the Indian state-owned company BPCL - Bharat Petroleum Corporation Limited. The contract provides for a total sales volume of up to 6 million barrels per year and will begin in 2025. "This contract is expected to increase India's share of Petrobras' oil exports. We... Continue Reading →
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