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(PN) The FPSO market saw a 50% increase in investments — from US$6 billion to US$9 billion — related to the surface capital of new projects in 2023, a trend that is expected to continue in 2024. The data was presented this week by Rystad Energy. This growth is largely concentrated in South America, especially... Continue Reading →
(Reuters) - The Brazilian government has decided against returning to daylight saving time this summer, a senior official said on Wednesday, who noted that the country does not face any expected risks to its power sector. Energy and Mining Minister Alexandre Silveira added that officials will assess a possible return to daylight saving time for... Continue Reading →
DNV, the independent energy expert and assurance provider, has supported Atlas Renewable Energy in securing $289 million in financing for its first standalone Battery Energy Storage System (BESS) project in Chile. The financing package, backed by senior loans and credit lines from BNP Paribas and Crédit Agricole CIB, will fund the development of Battery Energy... Continue Reading →
It has been announced that Inyanga Marine Energy Group is taking over the D10 tidal turbine in France. The D10 tidal turbine was the first grid-connected tidal turbine in France, initially deployed in 2015. It is located in the Fromveur Passage, off the coast of Brittany, and provides clean sustainable energy to the remote island... Continue Reading →
(oilnow.gy) Suriname’s second final investment decision (FID) is expected from Petronas for a potential Block 52 development, Managing Director of Staatsolie, Annand Jagesar has said. Petronas Suriname E&P is the operator of Block 52 with a 50% participating interest. ExxonMobil Exploration and Production Suriname B.V. holds the other 50%. Three significant discoveries were made at... Continue Reading →
(oedigital.com) Certification body DNV has launched the second phase of its floating substation joint industry project (JIP), which aims to establish standards for offshore substations in the growing floating wind sector. The new phase will play a key role in refining guidelines and closing technology gaps, with participation now expanding to 19 leading industry players.... Continue Reading →
(Reuters) - Brazil's Petrobras is discussing a partnership with Vale to help the mining company lower carbon emissions, the state-run oil firm's Chief Executive Magda Chambriard said on Monday. WHY IT'S IMPORTANT The two Brazilian companies are among the largest in Latin America by market value. Chambriard said the firms will "help each other" decarbonize, with a... Continue Reading →
(offshoreWIND.biz) A 26 MW offshore wind turbine has been rolled off the production line by China’s Dongfang Electric Corporation (DEC) in Fuzhou, Fujian Province. The company said the offshore wind turbine is tailored for areas with wind speeds of 8 m/s and above and has strong resistance to typhoons and corrosion. The wind turbine’s hub... Continue Reading →
Petrobras will build its first pilot plant for renewable hydrogen generation at the Vale do Açu Thermoelectric Power Plant, in Alto do Rodrigues, Rio Grande do Norte. The project, with a total budget of R$ 90 million and carried out in cooperation with the Senai Institute for Innovation in Renewable Energies (Senai ISI-ER), will have... Continue Reading →
KF Wind floating wind project, being developed by Aker Horizons majority-owned Mainstream Renewable Power and Ocean Winds, has secured a transmission service agreement (TSA) with Korea Electric Power Corporation (KEPCO). The agreement covers the first phase of the project, East Blue Power (375 MW) and the second phase, KF Wind (750 MW) with the interconnection... Continue Reading →
Brazil Energy Insight 