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(TN) Shell Brasil, Raízen, Hytron, University of São Paulo (USP) and SENAI CETIQT signed a cooperation agreement for the development of plants for the production of renewable hydrogen (H2) from ethanol. The partnership focuses on validating the technology through the construction of two plants sized to produce 5 kg/h of hydrogen and, later, the implementation... Continue Reading →
Neoenergia signed a memorandum of understanding (MoU) with the Government of Rio Grande do Sul for the development of green hydrogen and offshore wind generation. The company is developing studies for offshore wind generation on the coast of Rio Grande do Sul, the Águas Claras park. The agreement was signed in the municipality of Esteio.... Continue Reading →
(OE) The second phase of Senegal's Greater Tortue Ahmeyim (GTA) gas project will need investments worth around $5 billion and could start in 2024 or 2025, Senegal's President Macky Sall said on Thursday. BP and U.S.-listed Kosmos Energy KOS.N are leading the development of GTA and Yakaar-Teranga, Senegal's first natural gas projects. The first phase... Continue Reading →
The board of the Danish transmission system operator (TSO) Energinet has officially given the green light to carry out feasibility studies for four new offshore wind farms totalling up to 7.2 GW in capacity. This follows Energinet receiving orders from the Danish Energy Agency (DEA) and the Ministry of Climate, Energy and Utilities in June to initiate... Continue Reading →
(Reuters) Senegal's Sangomar oil project is 60 percent complete, and a first barrel is expected in the second half of 2023, Woodside Executive Vice-President for International Operations Shiva McMahon said at a conference in Senegal on Thursday. Australia's Woodside holds 82 percent of the oil and gas field being developed off the West African country,... Continue Reading →
Offshore drilling company Valaris said Thursday it had secured new drilling rig contracts and contract extensions, worth $149 million in total. The contract backlog excludes lump sum payments such as mobilization fees and capital reimbursements, Valaris said. In Mexico, Valaris has won a three-well contract with Eni for the semi-submersible drilling rig VALARIS DPS-5. The contract is... Continue Reading →
All 47 wind turbine jacket foundations and all subsea cables are now in place at the Formosa 2 offshore wind farm in Taiwan. The wind farm also has more than half of its wind turbines installed so far. The final jacket foundation was installed on 26 August, with the subsea cable works reaching completion on... Continue Reading →
(TN) Petrogal Brasil was the winner of the direct sales process carried out by Pré-Sal Petróleo (PPSA) this August 31st, to market the first oil cargo, of 500 thousand barrels, arising from the oil sharing production contract of Sepia and which will be available for loading in the last quarter of the year. Ten companies... Continue Reading →
(Reuters) Wholesale gas prices have scaled "insane" levels that will ultimately hurt demand, although the lack of Russian gas means Europe's supply will be tight for several years, the chief executive of German oil firm Wintershall Dea said on Tuesday. The benchmark European gas contract TRNLTTFMc1 has risen by more than 300% in a year and on... Continue Reading →
(Reuters) - Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on the decades-long projects including some in the remote iceberg waters far off Canada's Atlantic coast. Surging oil prices are encouraging the investments, along with Europe's mounting energy demand as the Ukraine-Russia war drags on. Offshore... Continue Reading →
Brazil Energy Insight 