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(Reuters) - Severe drought in an Amazonian river that powers two of Brazil's largest hydroelectric plants has forced a policy shift toward using more thermal sources and energy imports in the northern region, a government agency said. The Electric Sector Monitoring Committee (CMSE), citing low water levels in the River Madeira, recommended on Wednesday minimizing... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras has appointed a new "super manager," Wagner Victer, tasked with boosting capital expenditure, to meet demands from Brazil's President Luiz Inacio Lula da Silva, sources said. Lula considers Petrobras an engine for job creation and development, but the company has faced hurdles to invest in the past year... Continue Reading →
(OE) BlueFloat Energy has revealed the site location for its floating wind project, which will participate in the upcoming floating demonstration program, due to be launched by the Taiwanese government later in 2024. The ‘Winds of September Phase 1’ project, in development since 2021, will involve the installation of up to 12 floating platforms for... Continue Reading →
(Reuters) - Brazilian prosecutors, who have recommended that environmental agency Ibama block drilling by state-run oil company Petrobras near the mouth of the Amazon river, has demanded that Ibama respond within three days, a document seen by Reuters shows. The federal prosecutors office (MPF), an independent agency, filed a July 22 notice that appeared on... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras has made a non-binding offer to buy a major stake in Galp Energia's huge offshore oil discovery in Namibia, Petrobras exploration and production director Sylvia dos Anjos told Reuters on Friday. If accepted, the bid would make Petrobras the operator of the Mopane oil and gas field, which has an... Continue Reading →
The U.S. Department of Energy’s (DOE's) Wind Energy Technologies Office (WETO) has issued the Offshore Wind National and Regional Research and Development Funding Opportunity, which will award $48.6 million for projects that address several major areas of need for offshore wind. The areas include accelerating research and development of floating offshore wind platforms, exploring innovations... Continue Reading →
(Reuters) - Turbine and engine maker Siemens Energy (ENR1n.DE), opens new tab will build a 280-megawatt (MW) green hydrogen electrolysis system for Northern German utility EWE (LANDWE.UL) which is expected to begin operating in 2027, the two companies said on Thursday. The awarding of the contract is one of a flurry of deals after Germany last week... Continue Reading →
(Reuters) - Portugal plans to raise the contribution of renewables in electricity consumption to 93% by 2030, as part of its decarbonisation push, according to an updated draft of its energy and climate plan seen by Reuters on Monday. However, the draft proposal plans to lower the 2030 target for the installed capacity of electrolyzers... Continue Reading →
(OilNow.gy) ExxonMobil’s Hammerhead development will be a “stand alone” project, according to the summary submitted to Guyana’s Environmental Protection Agency (EPA). Potentially, additional resources can be tapped, if determined to be feasible and economically viable, the document read. The proposed project will be located in the south central portion of the Stabroek Block, 160 kilometers (km) from... Continue Reading →
(OE) MODEC has secured an Approval in Principle (AiP) for Abate Notation from classification society DNV for its FPSO Bacalhau, set for deployment at an Equinor-operated oil project offshore Brazil. In this project, a comprehensive assessment of greenhouse gas emissions abatement on FPSO Bacalhau was conducted according to DNV guidelines. The Abate notation requires stringent... Continue Reading →
Brazil Energy Insight 