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U.S. manufacturer of drilling and production equipment Dril-Quip has set its decarbonization targets, aiming to reduce its combined Scope 1 and Scope 2 emissions by more than 50% by 2030. Dril-Quip’s decarbonization actions include switching to renewable electricity at certain manufacturing sites, rightsizing facilities, investing in infrastructure to reduce emissions, reducing its vehicle fleet and evaluating... Continue Reading →
Wilson Sons posted net income above R$143 million in the first quarter, 437% higher than in the same period in 2021. The 437% growth in net income benefited from the exchange rate variation in this quarter, as the real appreciated 15%. But even excluding currency effects, the company reported a net income of R$ 80... Continue Reading →
French oil major TotalEnergies said Monday it had launched a worldwide drone-based emissions detection and quantification campaign across all its upstream oil & gas operated sites, to identify, quantify, and reduce methane emissions linked to its operations. The campaign uses AUSEA technology developed by TotalEnergies, the French National Research Center for Scientific Research (CNRS) and University of... Continue Reading →
Strohm, the developer of Thermoplastic Composite Pipe (TCP), has signed a memorandum of understanding (MoU) with French renewable hydrogen supplier Lhyfe, to collaborate on the transportation solution for hydrogen produced from a floating wind turbine to be integrated with a hydrogen production system. The partners said that they would collaborate on solutions for hydrogen transport, both onshore... Continue Reading →
Saipem has revealed a new, sustainable subsea pipelaying method which allows forming vertical cold bends in the pipeline in a strictly controlled way and directly underwater by means of a specially designed remotely operated underwater bending machine. The Underwater Cold Bending technology is said to allow a considerable reduction of environmental impacts on the seabed.... Continue Reading →
(OE) Almost half the shortfall in planned oil supply by OPEC and its allies is down to Nigeria and Angola, data seen by Reuters shows, reflecting a number of factors including moves by Western oil majors away from African projects. OPEC and its allies, known as OPEC+, pumped 1.45 million barrels per day (bpd) -... Continue Reading →
(WO) — The energy crisis triggered by Russia’s invasion of Ukraine is increasing the world’s motivation to shift to low-carbon energy, but is also creating a near-term scramble for fossil fuels that will drive billions of dollars of new investment. The U.S. and European countries are planning liquefied natural gas terminals that will be in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it filed today its 2021 Sustainability Report. The report describes Petrobras' main activities, initiatives, management practices, indicators and commitments related to environmental, social and governance (ESG) issues. The report presents our contributions to society, as the distribution of values to employees, federal, state, and municipal governments, through the... Continue Reading →
(Offshore Energy)A study commissioned by Crown Estate Scotland has revealed that connecting offshore wind installations directly to oil and gas platforms could help decarbonisation, support economic activity, and encourage new companies to enter the offshore renewable energy sector. The report, carried out by independent consultancy company Natural Power on behalf of Crown Estate Scotland, follows... Continue Reading →
(OE) If awards were given for dominating the sustainable energy spotlight, offshore wind (OSW) would surely be in line for top honors. Consider: Big money: BOEM’s February sale of New York Bight offshore wind development rights drew a record $4.37 billion in developers’ bids. Not only is that real money, but just as critically, “This... Continue Reading →
Brazil Energy Insight 