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Feb 5 (Reuters) - HIF Global expects significantly lower costs for its green-hydrogen plant in Brazil and hopes to secure financing for the first of four planned modules in the middle of next year, the company's Latin America chief executive said on Thursday. The e-fuels maker had put a $4 billion price tag on the... Continue Reading →
(OE) China's first integrated offshore hydrogen-ammonia-methanol project, which will produce clean fuels for ships, has entered the trial operation phase in Yantai, in eastern Chinse province of Shandong. Jointly developed by CHN Energy Hydrogen Energy Technology, CIMC Raffles and Guoneng Hydrogen Innovation Technology (Beijing), the initiative represents the nation’s first comprehensive demonstration project for offshore... Continue Reading →
(Reuters) - Trinidad and Tobago, the largest producer of liquefied natural gas in Latin America and the Caribbean, is seeing an increase in government revenue from LNG exports by selling cargoes at between 15% and 55% above Henry Hub prices, energy minister Stuart Young said on Monday. The increase follows a contract revamp in late... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the announcement made on November 16, 2023, informs that it has signed today a Heads of Agreement (HoA) with the Danish company European Energy. This agreement is an important step in negotiations to structure a business partnership aimed at implementing a commercial-scale e-methanol plant in Brazil, to... Continue Reading →
Petróleo Brasileiro S.A – Petrobras, in continuity with the Material Fact disclosed on October 27, 2022, informs that, observing the applicable internal governance, the closure of the competitive process for the full sale of Petrobras' stake, corresponding to 50% of the voting capital and 34.54% of the total capital, in the company METANOR S/A -... Continue Reading →
(Reuters) Oil major BP and U.S. shale producer EOG Resources are in discussions to jointly develop a natural gas field off the coast of Trinidad and Tobago, the British company said. The field holds just under 1 trillion cubic feet (tcf) of natural gas, but will eventually be tied back to another BP discovery, bringing... Continue Reading →
(Offshore-energy.biz) The Science Based Targets initiative (SBTi) has approved Fugro’s near- and long-term science-based emissions reduction targets. Fugro’s net-zero target spans all three emission scopes, with the ultimate goal of achieving net-zero greenhouse gas (GHG) emissions across the value chain by 2050. “This validation by the Science Based Targets initiative underscores Fugro’s strong dedication to... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding with European Energy, a Danish company with verticalized operations in the energy transition, including renewable generation and green hydrogen-based solutions, to evaluate, on a non-binding basis, business opportunities for the development of an e-methanol plant project in Brazil. The agreement was... Continue Reading →
(OE) Norway-based offshore wind developer Deep Wind Offshore has entered a partnership with the hydrogen company Hy2gen to produce green hydrogen from offshore wind. "The combination of offshore wind and hydrogen has massive potential. It is not possible to achieve net zero without green energy carriers, who will need a massive amount of renewable energy,"... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it signed a memorandum of understanding with Vale today for the development of low-carbon solutions, taking advantage of the technical expertise and synergies of the two companies. The partnership will last for two years and will assess joint decarbonization opportunities, including the development of sustainable fuel initiatives -... Continue Reading →
Brazil Energy Insight 