Brazil Likely to Explore Equatorial Margin for Oil, Finance Minister Says

Brazil will likely end up exploring the Equatorial Margin for oil but state-run Petrobras should adopt a "cautious" approach given the need for precautions to protect the environment, Finance Minister Fernando Haddad said on Sunday. The Equatorial Margin is some 2,200 kilometers (1,370 miles) of deepwater and ultra-deepwater assets along Brazil's northern and northeastern coast. "We may need oil from the Equatorial Margin on... Continue Reading →

September 18, 2023 0

Petrobras informs about offshore wind protocol at IBAMA

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed to the market on 09/13/2023, informs that the request to start the environmental licensing process for ten areas in the Brazilian sea for the development of offshore wind energy projects aims to assess the technical-economic and environmental viability of areas with strong potential for... Continue Reading →

September 15, 2023 0

Shell Greenlights Development of Trinidad’s Manatee Offshore Gas Field

(Reuters) Shell has given financial approval for the development of the massive Manatee gas field offshore Trinidad and Tobago, the country's Prime Minister Keith Rowley said on Thursday. Trinidad is Latin America's largest LNG exporter, but its flagship Atlantic LNG project no longer receives enough gas supply to keep its four liquefaction units running. The government in... Continue Reading →

September 15, 2023 0

Petrobras sets its cap on pursuing further decarbonisation pieces in energy transition puzzle

(OET) Brazilian state-owned oil and gas giant Petrobras has notched new emissions reduction milestones, thanks to two of its giant fields in the pre-salt of the Santos Basin recording emissions below the world average last year while its carbon capture utilisation and storage (CCUS) efforts paid off, enabling it to get ranked as the largest in... Continue Reading →

September 14, 2023 0

Petrobras studies offshore wind energy projects in new areas off the Brazilian coast

Petróleo Brasileiro S.A. – Petrobras informs that it has submitted a request with Ibama to start the environmental licensing process for ten areas in the Brazilian sea intended for the development of offshore wind energy projects. Of this total, seven areas are in the Northeast (three in Rio Grande do Norte, three in Ceará and... Continue Reading →

September 14, 2023 0

US to Soon Decide on Whether to Give Go-Ahead to Empire Wind 1 & 2 Offshore Wind Farms

The US Bureau of Ocean Energy Management (BOEM) has completed the environmental review of the Empire Wind 1 & 2 offshore wind farms, proposed to be built offshore New York by a joint venture of BP and Equinor, and plans to issue a Record of Decision (ROD) on whether to approve the project this autumn.... Continue Reading →

September 13, 2023 0

Petrobras signs contract with Porto do Açu to boost the sustainable decommissioning of platforms

Petrobras signed a contract with Porto do Açu to support the decommissioning of oil and gas production platforms. The agreement provides for the provision of dock space for the temporary docking of production units undergoing decommissioning, until the final destination of the unit is defined, in accordance with the best international practices in green recycling... Continue Reading →

September 11, 2023 0

Latest UK Renewables Auction Fails to Attract Offshore Wind Bids

(Reuters) Britain's latest subsidy auction for new renewable energy projects awarded no contracts for offshore wind projects, the results published on Friday showed, drawing criticism from opposition politicians and environmental campaigners. In a 2022 auction, offshore wind projects were the main recipient of funding, with 7 gigawatts (GW) awarded. Offshore wind power is a key... Continue Reading →

September 8, 2023 0

Massachusetts Opens Its Largest-Ever Offshore Wind Solicitation, Plans to Procure 3.6 GW of New Capacity by June 2024

(OW) Massachusetts has opened its fourth offshore wind solicitation which seeks to procure 3.6 GW of new generation capacity and makes this the state’s largest solicitation of this kind to date. Developers can submit bids until 31 January 2024 and the projects will be selected by 12 June next year, with the execution of long-term... Continue Reading →

August 31, 2023 0

Brazil eyes tax perks for energy sector, sparking ‘green’ vs oil debate

(Reuters) - Brazil's government aims to make more energy projects eligible for key tax benefits, however the main ministries involved disagree about whether to favor a "green" agenda or include oil projects and refineries, according to a senior official and a document seen by Reuters. President Luiz Inacio Lula da Silva's government has vowed to... Continue Reading →

August 31, 2023 0

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