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(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 →
(Offshore-energy.biz) After ExxonMobil Guyana Limited (EMGL), a subsidiary of the U.S.-headquartered energy giant ExxonMobil, applied for environmental authorization to undertake the development of its seventh oil project in the Stabroek block, off the coast of Guyana, the country’s Environmental Protection Agency (EPA) has reviewed the application, concluding that it needs further insights into the potential... Continue Reading →
(OE) France-based tubular solutions supplier Vallourec has secured a contract from TotalEnergies to supply almost 5,000 tonnes of OCTG solutions and associated services for the Kaminho deepwater project on Block 20, 100 km off the coast of Angola. On this project, Vallourec will supply its range of VAM connections and use CLEANWELL, its more environmentally-friendly,... Continue Reading →
(Offshore-energy.biz) Brazil is poised to become a significant player in the global ship recycling market, the NGO Shipbreaking Platform said. With the country’s extensive coastline and robust maritime industry, many existing facilities, primarily engaged in shipbuilding and repair, have the potential to expand into recycling, according to the NGO. Professor Newton Pereira from the Federal Fluminense University... Continue Reading →
(Reuters) - Global hydroelectric generation slumped to a five-year low last year as a result of lower-than-average rainfall across China, North America and India, contributing to record fossil fuel combustion and emissions in 2023. Global hydro generation amounted to 4,240 billion kilowatt-hours (kWh) in 2023 down from a record 4,359 billion kWh in 2020, according... Continue Reading →
(OE) Technip Energies, in partnership with Université Gustave Eiffel, Valeco, and OPEN-C Foundation, has launched the PAREF project, an R&D program aimed at accelerating industrial-scale development of floating wind. The project, funded by the French State as part of France 2030 operated by ADEME, aims to design, fabricate, and test a reusable anchoring system, high... Continue Reading →
(offshoreWIND.biz) The US Department of Interior (DOI) will hold an offshore wind lease sale in the Central Atlantic in August this year, with the two areas auctioned by the Bureau of Ocean Energy Management (BOEM) potentially generating up to 6.3 GW of renewable energy. BOEM will hold the auction on 14 August, featuring one area located... Continue Reading →
(Reuters) A strike by environmental workers in Brazil is already impacting Petrobras' operations in three offshore oil fields, the state-run firm told Reuters on Wednesday. There have been delays in developing production in the Mero, Buzios and Marlin fields, assets that require approval from the environmental agency Ibama to increase production. Since January, Ibama employees... Continue Reading →
Brazil Energy Insight 