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(PN) The FPSO market saw a 50% increase in investments — from US$6 billion to US$9 billion — related to the surface capital of new projects in 2023, a trend that is expected to continue in 2024. The data was presented this week by Rystad Energy. This growth is largely concentrated in South America, especially... Continue Reading →
(oilnow.gy) ExxonMobil’s Liza find back in 2015 unlocked a treasure trove of oil and gas discoveries in Guyana’s Stabroek Block. Now, in 2024, the number stands at 45 discoveries and Exxon aims to take this even higher. “I believe Guyana will go down as one of the most successful deepwater developments in the history of... Continue Reading →
DNV, the independent energy expert and assurance provider, has supported Atlas Renewable Energy in securing $289 million in financing for its first standalone Battery Energy Storage System (BESS) project in Chile. The financing package, backed by senior loans and credit lines from BNP Paribas and Crédit Agricole CIB, will fund the development of Battery Energy... Continue Reading →
(PN) Petrobras officially launched (14) the invitation to tender for the FPSO P-86, which will be part of the revitalization project for the Marlim Sul and Marlim Leste fields. The opening of the envelopes with the bidders' proposals is expected to take place only on April 8 of next year. However, as has been seen... Continue Reading →
(CPG) With new contracts, billion-dollar investments and overcoming a crisis that almost paralyzed the sector, Brazilian companies are ready for a new cycle of growth. The Brazilian maritime support segment has suffered a drastic decline in recent years. In 2014, more than 500 vessels were active in the country, but in 2019, that number fell... Continue Reading →
(Reuters) South Korean conglomerate Hanwha Group on Monday raised its offer for the remaining stake it does not already own in Singapore's Dyna-Mac, valuing the offshore oil and gas contractor at S$790.6 million ($605.41 million). The improved offer of S$0.67 per share represents a 35.4% premium to Dyna-Mac's last traded price on Sept. 10, before... Continue Reading →
(Reuters) - Brazil's Petrobras is set to reduce planned investments for next year, despite requests by the government for the state-run oil firm to increase CAPEX, three sources close to the matter told Reuters. The firm foresaw $21 billion of investments for next year, but spending could be down to around $17 billion, according to initial... Continue Reading →
Petrobras will build its first pilot plant for renewable hydrogen generation at the Vale do Açu Thermoelectric Power Plant, in Alto do Rodrigues, Rio Grande do Norte. The project, with a total budget of R$ 90 million and carried out in cooperation with the Senai Institute for Innovation in Renewable Energies (Senai ISI-ER), will have... Continue Reading →
(Zacks) TotalEnergies SE TTE unveiled its long-term strategy and outlook, reaffirming the need for a balanced multi-energy strategy considering the developments in the oil, gas and electricity markets. Given the ongoing transition in the energy space, the company will generate more clean electricity from renewable sources.TotalEnergies plans to increase its global energy production by 4% per... Continue Reading →
(TN) The Minister of Mines and Energy, Alexandre Silveira, announced the availability of approximately R$6 billion in investments for decarbonizing the industry through hydrogen hubs around the world. The initiative is in partnership with the Climate Investment Funds (CIF). The international fund will provide low-cost financing to leverage projects in the sector. The announcement was... Continue Reading →
Brazil Energy Insight 