Brought to you by Quest Offshore & Southern Cone Consultants
(epbr) As of July 14, IBAMA had applications for licensing for 78 offshore wind projects, adding up to 189 GW of capacity with the installation of around 13,000 turbines on the Brazilian coast – this is almost the total power of energy installed in the entire country (194 GW). To get the projects off the... Continue Reading →
(Reuters) BP has invested in a start-up company developing technology seeking to use vapour from heavy industry to sharply reduce the production costs of zero-carbon hydrogen. BP Ventures, the British energy giant's venture capital arm, was among several investors in a $12.5 million Series A financing in U.S.-based Advanced Ionics, the companies said on Tuesday.... Continue Reading →
Huisman has been awarded a contract by Seaway8, part of Subsea7 Group, for the delivery of the entire monopile installation spread for the jack-up vessel Seaway Ventus, which is currently being built by China Merchants Heavy Industry (CMHI). Under the contract, Huisman will deliver a monopile gripper, an upending frame, and two sets of monopile storage... Continue Reading →
(Reuters) Norwegian state energy firm Petoro said it was becoming harder to tie oil and gas platforms to the electricity grid as planned, as it reported a 34% drop in profit for the second quarter on Wednesday due to petroleum prices falling sharply. Petoro, which is 100% government owned, is not itself an operator, but... Continue Reading →
(Reuters) - BP's (BP.L) second-quarter profit slumped 70% from a year earlier to $2.6 billion, missing forecasts, as refining margins and oil trading income fell, but still allowing the energy giant to boost its dividend by 10%. Rivals Chevron (CVX.N), Exxon Mobil (XOM.N), Shell (SHEL.L) and TotalEnergies (TTEF.PA) have also reported sharp drops in quarterly earnings, hurt by a drop in energy prices from highs... Continue Reading →
(OET) Following the onset of the Ukraine crisis, the global oil and gas industry embarked on a growth upcycle, raising concerns that this is putting net-zero 2050 commitments at risk. With this at the forefront, the energy supply chain is refocusing on the thriving oil and gas sector, triggered by a lack of consistent and... Continue Reading →
(OE) Dutch offshore wind farm developer CrossWind has awarded Italy-based Rosetti Marino a new engineering, procurement, construction, installation and commissioning (EPCIC) contract for an offshore green hydrogen production and storage pilot plant - called the 'Baseload Power Hub.' The Baseload Power Hub will be located within CrossWind’s Hollandse Kust Noord offshore wind farm, 18.5 kilometers off... Continue Reading →
(OW) Brazil’s Ministry of Mining and Energy and Energy Research Office (EPE) have published a new version of the country’s offshore wind roadmap following recent updates of the regulatory framework for energy generation. According to a recent report by Reuters, the country’s government also plans to establish a regulative framework for offshore wind and green hydrogen... Continue Reading →
Subsea7 and EnBW have signed a Memorandum of Understanding to jointly study several offshore wind-powered hydrogen production concepts. Within the framework of a study, the two partners will explore the technical and commercial elements of green offshore hydrogen production, from both pilot and commercial scale facilities, considering bottom-fixed and floating options. EnBW will undertake studies... Continue Reading →
(epbr) “The route cannot be fully established in the regulated market. We have to develop other sales lines for this energy”, says Equinor's director Andre Leite at the Offshore Week 23 Conference. The executive explained that offshore power generation will enable the development of new electro-intensive markets and attract industries to consume this new renewable... Continue Reading →
Brazil Energy Insight 