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If the industry has been capturing CO2 for decades, why all the innovation now? (OE) CO2 capture technology has been used for around a century in natural gas processing plants to separate out the commercially valuable methane. In the 1970s, that CO2 found purpose in advanced oil recovery. Now, carbon capture and storage (CCS) is... Continue Reading →
(OM) Perenco Brazil’s double-hulled FSO Pargo has received first oil from the Pargo Cluster in the Campos Basin offshore Brazil. This follows recent clearance from the Brazilian regulatory authorities earlier. The vessel, converted in Dubai, has a crude storage capacity of 740,000 bbl. It is anchored by nine moorings connected to a new integrated turret system, and it... Continue Reading →
(OET) U.S. energy infrastructure company New Fortress Energy (NFE) has executed definitive agreements with the Brazilian development bank Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and funds managed by Lumina Capital Management and BTG Asset Management to fund up to $575 million in asset-based financing. According to NFE, these financings will be used to... Continue Reading →
Brazil Energy Insight 