Six FPSOs at peak production will utilize just 7% of Guyana’s massive carbon sink capacity annually – VP Jagdeo

(OilNow) Even with six floating production, storage and offloading (FPSOs) vessels operating at peak production, Guyana’s oil operations would only utilize 7% of the 150 million tonnes of emissions sequestered by its forests annually. So said Guyana’s Vice President, Bharrat Jagdeo, during a recent press conference. The chief policymaker for the oil sector made this... Continue Reading →

April 3, 2024 0

Drifters launched on the Equatorial Margin confirm Petrobras studies approved by Ibama

(Petrobras) The scientific community launched more than 428 drifters (equipment that measures the behavior of sea currents) on the Equatorial Margin, 84 of which are in the Foz do Amazonas basin. All confirm the studies and modeling carried out by Petrobras and approved by IBAMA in the environmental licensing of block FZA-M59. Studies have shown... Continue Reading →

April 1, 2024 0

Netherlands Receives Multiple Bids in 4GW Offshore Wind Tender

(Reuters) The Dutch government on Thursday said it had received multiple bids in a tender to build an offshore wind farm in the Dutch part of the North Sea with a total capacity of 4 GW. The government said it expected to announce the winning bid in June, while the wind farms were expected to... Continue Reading →

March 29, 2024 0

SLB to Acquire Majority Ownership in Aker Carbon Capture

(OE) SLB has agreed to combine its carbon capture business with Aker Carbon Capture (ACC). The combination will leverage ACC’s commercial carbon capture product offering and SLB’s new technology developments and industrialization capability. SLB says it will create a vehicle for accelerating the introduction of disruptive early-stage technology into the global market on a commercial,... Continue Reading →

March 28, 2024 0

BOEM Announces Review of Proposed Vineyard Northeast Project

(OE) The US Bureau of Ocean Energy Management (BOEM) will initiate an environmental review of Vineyard Northeast’s proposed offshore wind energy project, located 29 miles offshore Nantucket, Massachusetts at its closest point. BOEM estimates the proposed project would generate up to 2,600MW of electricity, enough to power more than 900,000 homes with clean renewable... Continue Reading →

March 25, 2024 0

Leaky Platforms: Pemex Knocked for Delayed Repairs, “Vast” Methane Leaks

(Reuters) Pemex reportedly put off urgent repairs and maintenance at an important offshore platform for months, resulting in methane spewing into the atmosphere, according to internal documents and three sources familiar with the infrastructure. New data from the United Nations Environment Program's (UNEP) International Methane Emissions Observatory showed that the problematic Pemex platform in the... Continue Reading →

March 22, 2024 0

CERAWEEK Petrobras exec says offshore Colombia project could find enough gas for exports

(Reuters) - A promising area off Colombia's coast where Brazil state-run Petrobras (PETR4.SA), opens new tab is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday. As oil production in Brazil's prolific presalt region is set to plateau... Continue Reading →

March 20, 2024 0

CERAWEEK Petrobras may soon move drill rig out of Equatorial Margin

(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab may soon move a drilling rig out of the Potiguar Basin due to lack of permits for more wells, Chief Exploration and Production Officer Joelson Mendes said on Wednesday. Petrobras has drilled one well at Potiguar, and is in the process of drilling a second one,... Continue Reading →

March 20, 2024 0

BOEM Starts Environmental Review of Proposed Wind Project off New Jersey

(OE) The Bureau of Ocean Energy Management (BOEM) will initiate the environmental review of a proposed wind energy project offshore New Jersey. At its closest point, the approximately 81,129-acre lease area, OCS-A 0549, known as Atlantic Shores North, is located 8.4 miles from the New Jersey coast and approximately 60 miles from New York. The... Continue Reading →

March 18, 2024 0

Developers Submit EIA for Italian Floating Offshore Wind Farm

(OE) Renantis and BlueFloat Energy have submitted the Environmental Impact Assessment (EIA) for Kailia Energia floating wind farm, the second offshore wind project being developed in Italy by the partners. Kailia Offshore Wind Project will be located off the coastline between Brindisi and San Cataldo, off the coast of Puglia. The project proposes the installation... Continue Reading →

March 14, 2024 0

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