Brought to you by Quest Offshore & Southern Cone Consultants
The Ireland-based floating wind developer Simply Blue Group and Spanish companies Proes Consultores and FF New Energy Ventures have formed a joint venture named IberBlue Wind with plans to develop 2 GW of floating offshore wind capacity in Spain and Portugal. According to the new project development company, IberBlue Wind has the capacity to take... Continue Reading →
NKT is set to produce the HVDC power cables for the Dogger Bank C offshore wind project using low-carbon copper, representing the world’s first. The initiative is expected to reduce the carbon footprint of the cables by more than 35 per cent. The low-carbon copper cathodes are sourced from the Boliden Aitik mine in Northern... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) is uncertain whether it will bid for new offshore areas Guyana wants to explore, a person close to the matter said, as the oil major ramps up production faster than expected and the South American country wrestles with fixing terms of new oil leases. An Exxon-led consortium discovered oil in the... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3:RRRP3), in accordance with the provisions of CVM Resolution No. 44, informs its investors and the market in general that, at a Board of Directors Meeting held on September 8, 2022, was approved the acquisition of shares representing 15% of the capital of 3R Petroleum Offshore S.A.... Continue Reading →
(Reuters) - Brazil's ethanol exports to Europe are set to reach a record high this year, as foreign markets look more appealing than domestic, according to an analysis by S&P Global Commodity Insights. This year through August, Brazil shipped about 427 million liters of ethanol to Europe, 435% above the figures from the same period... Continue Reading →
Energy Perspectives 2022: Long-term development in the world’s energy markets and how politics, technologies, companies, and consumers can influence it, is an overarching theme of the energy transition. (OE) With inflation raging, geopolitical disruption and resultant energy security concerts, and continued logistics woes, the table is set for Equinor to deliver its insights on energy courtesy... Continue Reading →
Elaine Maslin, Contributor In the last few years, there’s been a proliferation of projects targeting the production of hydrogen. Its seen as one of the levers towards net zero and, more recently, a way to help underpin energy security, especially in Europe. Many think producing the stuff offshore is a big opportunity. (OE) Many are keen... Continue Reading →
French energy major TotalEnergies has approved the final investment decision for the Fenix gas development, located 60 km off the coast of Tierra del Fuego in southern Argentina. This development is said to be the world’s southernmost gas project. Through its Total Austral affiliate, TotalEnergies operates the project with a 37.5 per cent interest, in... Continue Reading →
The Administrative Council for Economic Defense (Cade) gave its approval, without restrictions, to PetroRio's (now called PRio) purchase of Dommo. The information was published in the Official Gazette. Pursuant to the merger notification submitted to Cade, the transaction will cause Dommo to become, directly or indirectly, a subsidiary of PRio. Dommo owns 20% of the... Continue Reading →
(Reuters) - Argentine oil pipeline operator Oleoductos del Valle (Oldelval) will invest $750 million to double its transport capacity from the Vaca Muerta shale formation, the country's energy ministry announced Friday, hoping to boost exports and dollar reserves. Oldelval aims to boost capacity to 72,000 per day from 36,000 cubic meters in two years, the... Continue Reading →
