(Reuters) - Brazil aims to pass a regulatory framework for offshore wind and green hydrogen by the end of this year, the country's energy minister told Reuters on Tuesday, as Latin America's largest nation seeks to unlock new sectors to power its energy transition. Leftist President Luiz Inacio Lula da Silva has staked his international... Continue Reading →
Italy’s Renexia exploring environmentally friendly solutions for floating wind project off Sicily
Renexia, the company behind Italy’s first offshore wind farm and the first to be built in the Mediterranean Sea, has contracted Seas Geosciences to study the most environmentally sustainable mooring and anchoring solutions for Med Wind, a 2.8 GW floating wind project proposed to be built in the Strait of Sicily. Seas Geosciences, part of Sealaska’s Woocheen... Continue Reading →
IRENA: Annual Renewable Power Additions Must Triple by 2030
In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for raised global ambition in renewables deployment. The WETO 2023: 1.5°C Pathway positions electrification and efficiency as key transition drivers, enabled by renewable energy, clean hydrogen, and sustainable biomass and tracks implementation across all energy sectors.... Continue Reading →
Denmark’s Largest Offshore Wind Farm to Sport Recyclable Blades, Low-CO2 Steel Towers
German renewable energy company RWE said Wednesday that 40 of the 72 offshore wind turbines at what will be Denmark's largest offshore wind farm Thor will be equipped with recyclable rotor blades. The 40 SG 14-236 DD wind turbines will be equipped with recyclable rotor blades manufactured by Siemens Gamesa. Installation at sea is expected... Continue Reading →
Guyana court stays order for Exxon to give unlimited guarantee for oil spills
(Reuters) - A Guyana Appellate Court judge on Thursday temporarily stayed a lower court's order requiring Exxon Mobil (XOM.N) and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills. The stay lifts a cloud over oil production at the nation's first offshore oil platform. Exxon had said that if the stay... Continue Reading →
Petrobras hits highest monthly refinery utilization rate since 2015
(PN) Petrobras' refineries operated at 95% of their total operating capacity in May. This is the company's best monthly result since July 2015. On some days, in the second half of the month, the level even exceeded 99%. The historic result was achieved even with scheduled maintenance stoppages at RPBC (Cubatão, SP), Refap (Canoas, RS),... Continue Reading →
Denmark Kills Off Open Door Offshore Wind Scheme, 24 Projects Cancelled
Denmark has approved a new Marine Plan which will abolish the open door offshore wind auction scheme and terminate 24 out of the 33 offshore wind projects proposed under the scheme. Under the new Marine Plan, Denmark plans to increase the sea area reserved for the development of renewable energy projects and energy islands from... Continue Reading →
TGS in “First-of-its-Kind” 2D-cubed Project Offshore Brazil
(OE) Norwegian company TGS which provides oil and gas firms with seismic data for offshore exploration, on Wednesday announced the Amazonia Azul 2D-cubed project, "the first of its kind offshore Brazil." The project, according to TGS, expanded its multi-client data coverage in the area and aimed to improve knowledge of the Brazil Equatorial Margin region.... Continue Reading →
Natural gas hailed as backbone of energy mix with security of supply and decarbonisation vying for attention – Long read
(OET) The energy woes that befall the world in 2022 brought about the double whammy of rapidly working on diversifying the energy mix with more renewables while ramping up the crude oil and natural gas production to appease the increasingly intertwined concepts of energy security and transition to a green and low-carbon future. In this... Continue Reading →
New Bill in Canada to Kick-Start Offshore Wind Development on Country’s Atlantic Coast
Canada’s Minister of Natural Resources, Jonathan Wilkinson, has introduced a new bill in the House of Commons which will put in place regulations that will enable offshore wind development in the provinces of Nova Scotia and Newfoundland and Labrador. On 30 May, the minister, in partnership with the governments of the two provinces, introduced amendments... Continue Reading →