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(Reuters) - Guyana may revise terms of its latest oil-production sharing contract and its regulatory framework before a second offshore bidding round, Vice President Bharrat Jagdeo said on Tuesday. Guyana last August updated the production sharing agreement (PSA) and Petroleum Act that set regulatory terms for producers ahead of a first oil round that drew... Continue Reading →
(PN) The director of Energy Transition and Sustainability at Petrobras, Mauricio Tolmasquim, said today that the company is still awaiting the approval of a legal framework for offshore wind power to definitively enter this new sector. “We will not enter offshore wind until we have the regulatory framework. But just having the law is not... Continue Reading →
(Reuters) - Italian cablemaker Prysmian (PRY.MI), opens new tab has shifted around management in Brazil and Latin America as it gears up local plants to boost supply to the electricity sector and future offshore wind farms in the region, the company told Reuters. Raul Gil Boronat, who led Prysmian in Brazil, took over as CEO for Latin... Continue Reading →
(OE) NOV reports its Lifting & Handling group has sold what is said to be the industry’s first-ever electric subsea crane. The order was booked at the end of 2023 with an undisclosed client in Europe, NOV said. The first-of-its-kind crane offers enhanced efficiency compared to electro-hydraulic cranes, helping lead to reduced vessel emissions, the... Continue Reading →
(OE) The U.S. Department of Energy (DOE) and the National Oceanic and Atmospheric Administration (NOAA) have launched an 18-month initiative to gather extensive weather, ocean, and wildlife data near the sites of active offshore wind farms and lease areas off the coast of the Northeast United States. This effort, which is part of the third phase of... Continue Reading →
(Reuters) The U.S. Environmental Protection Agency (EPA) on Thursday, granted a Clean Air Act permit to New York's Empire Offshore Wind owned by Equinor. The permit was given after an air quality analysis showed federal air quality standards would not be compromised during construction and operation of the project, the agency said. "When built, this project is expected to generate... Continue Reading →
(OET) With the current energy ecosystem in mind, Japan’s FPSO operator MODEC has unveiled its new, mid-term business plan, covering the period from 2024 to 2026, which spotlights the Japanese player’s intention to further strengthen the profitability of its core FPSO business, strategically invest funds to decarbonize its FPSO units, develop new opportunities, and bolster... Continue Reading →
In relation to the article published in the press this Tuesday (30/01) about Ibama predicting maximum environmental impact in oil exploration in Foz do Amazonas, Petrobras clarifies: Degree of impact: Firstly, we would like to clarify that Decree 6,848/09 establishes the guidelines for calculating the degree of impact of the activity, for the purpose of... Continue Reading →
(OW) Denmark-headquartered Copenhagen Infrastructure Partners (CIP) has signed a memorandum of understanding (MoU) with HSG Sungdong for the floating wind structures for its 1.5 GW Haewoori offshore wind project in South Korea. Under the non-binding MoU, the two companies plan to establish a partnership to explore opportunities to optimise the fabrication of floating foundations to... Continue Reading →
(OE) Dominion Energy, the developer of Coastal Virginia Offshore Wind (CVOW) farm, has secured the last two major federal approvals needed to begin the construction of the 2.6 GW project. The approvals are keeping the largest offshore wind farm in the United States on schedule to generate clean, renewable energy to power up to 660,000... Continue Reading →
Brazil Energy Insight 