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While proposals to expedite infrastructure projects are making the rounds in Congress, Wood Mackenzie, an energy intelligence group, believes permitting reform could be part of the solution to the strains created by rapid growth in renewables, as this could help ease U.S. grid bottlenecks. In these turbulent times, marked by a global energy crisis, which... Continue Reading →
(Bloomberg) – Exxon Mobil Corp. could invest $15 billion through 2030 if it makes commercial oil discoveries in the Namibe Basin, Paulino Jeronimo, chairman for the Angola National Agency for Petroleum, Gas and Biofuels, said in Luanda. ANPG, Exxon and state-owned Sonangol signed an addendum to blocks 30, 44, and 45 in the Namibe Basin... Continue Reading →
(OM) More countries plan to stage their first offshore wind lease rounds in 2023, according to the latest Global Market Overview from TGS subsidiary 4C Offshore. At the same time, project development and FIDs will slow offshore wind expansion in the short term. The report cites slow permitting, delays in offtake auctions, supply chain issues... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that today it obtained an unfavorable decision by the Third Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Council of Tax Appeals (CARF), as the Panel dismissed, by majority, the special appeals filed by the Company and ruled that CIDE and PIS/COFINS Import... Continue Reading →
Offshore wind developers Ørsted and Eversource said Monday they had submitted a joint proposal in response to Rhode Island's offshore wind solicitation. Ørsted said that the proposed project, named Revolution Wind 2, would, if selected, create "hundreds of local jobs and unprecedented investments in port improvements and shipbuilding." The project is designed to have a capacity... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, regarding the pieces of news released in the media, informs that the divestment process of the Bahia Terra Cluster is in the negotiation phase with the consortium of companies Petrorecôncavo and Eneva, and no decision has been taken by the Executive Board and the Board of Directors concerning these assets,... Continue Reading →
(OE) An offshore wind hub is coming to the site of the former Avondale Shipyard in Louisiana as the region ramps up to service the growing renewable energy industry in the U.S. Gulf of Mexico. New Orleans-based Gulf Wind Technology (GWT) announced Monday it is collaborating with energy supermajor Shell to establish a research, training... Continue Reading →
(epbr) Global Energy Monitor (GEM) report shows that Latin America has the potential to increase its solar and wind energy capacity by more than 460% by 2030 if all 319 gigawatts (GW) of large-scale new projects announced, in pre- construction or under construction come into operation. This represents an increase of almost 70% in relation... Continue Reading →
New Orleans-based wind turbine rotor specialist Gulf Wind Technology (GWT) said Monday it had partnered with Shell New Energies US LLC (Shell), through a $10 million investment by the energy company, to create the Shell Gulf Wind Technology Accelerator program. The collaboration includes deploying novel technologies to a demonstrator turbine as early as 2024, designed... Continue Reading →
On 9 March, the Biden-Harris administration released the President’s Budget for Fiscal Year (FY) 2024, with funds for federal agencies’ activities in offshore wind proposed to be increased. The budget also supports the agencies’ work on the next National OCS Oil and Gas Leasing Program, however, in terms of corporate support, it eliminates tax subsidies... Continue Reading →
Brazil Energy Insight 