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(Reuters) - Mexican President Claudia Sheinbaum said on Thursday that the debt burden accumulated by state energy company Pemex with suppliers would be reviewed and various payment mechanisms are being studied and refined. Despite efforts to reduce debt under Sheinbaum's predecessor Andres Manuel Lopez Obrador, the company remains one of the world's most indebted energy... Continue Reading →
(OE) Seatrium and the Technology Centre for Offshore & Marine, Singapore (TCOMS) have expanded the research agreement to explore cyber-physical modelling capabilities for predicting the behavior of floating production storage and offloading (FPSO) platforms in high sea states. Seatrium and TCOMS have expanded Master Research Collaboration Agreement (MRCA) signed in April 2023, to advance methodologies... Continue Reading →
(OE) Vestas has received a firm order for RWE’s 900 MW Nordseecluster B offshore wind project in Germany. The order includes 60 V236-15.0 MW wind turbines and Vestas is responsible for the supply, delivery, and commissioning of the turbines. Upon completion, Vestas will also service the asset under a five-year service agreement followed by a... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the announcement made on November 16, 2023, informs that it has signed today a Heads of Agreement (HoA) with the Danish company European Energy. This agreement is an important step in negotiations to structure a business partnership aimed at implementing a commercial-scale e-methanol plant in Brazil, to... Continue Reading →
(Reuters) - Grupo Matrix Energia of Brazil and TotalEnergies of Argentina confirmed their first deal with Bolivia's state energy company, YPFB, to transport natural gas from the massive Vaca Muerta shale formation in Argentina as the region faces a supply shift. Under the contract signed on Nov. 22, Yacimientos Petroliferos Fiscales Bolivianos (YPFB) will move... Continue Reading →
(Reuters) - KfW (KFW.UL) will provide a 24 billion euro ($25 billion) loan to help develop a future hydrogen network in Germany, the state lender told Reuters, at a time when companies have warned that the technology will take longer than expected to take off. Germany is betting on hydrogen, which can be used in... Continue Reading →
(BusinessWire) Chet Morrison Contractors, on behalf of floating wind startup Aikido Technologies, has performed the final structural assembly of Aikido One floating wind platform in less than 40 working hours, establishing a new standard in the industrialization of floating platforms. The assembly operation, representing 10-time speed-up, demonstrates how Aikido can enable offshore wind project developers... Continue Reading →
(Reuters) TotalEnergies is seeking environmental authorization to drill up to seven exploration wells in the southern part of its Deep Water Orange Basin (DWOB) block off the west coast of South Africa, documents from environmental consultants SLR showed on Tuesday. Oil companies including Shell are looking towards South Africa's west coast, close to the border... Continue Reading →
(RB) The Senate's SERVICES AND INFRASTRUCTURE COMMITTEE postponed the discussion on the legal framework for offshore wind farms this Tuesday (26), which will define rules for the operation of wind turbines in Brazilian waters. The bill has already been approved by the Chamber of Deputies, and articles have been included that require the country to... Continue Reading →
(offshore-energy.biz) While the energy transition toolbox is filled with decarbonization tools, electrification seems to be the jewel in its crown, based on research conducted by Rystad Energy, which points out that applying this method to upstream operations has the potential to get rid of over 80% of oil and gas production emissions. Switching away from... Continue Reading →
Brazil Energy Insight 