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Welsh Ministers have granted a Section 36 consent with deemed planning permission to Blue Gem Wind consortium to build and operate the Erebus floating wind project. The news follows the recent decision by Natural Resources Wales to provide the joint venture between TotalEnergies and Simply Blue Group with a marine licence. Erebus is Wales’ first planned... Continue Reading →
(Valor) The company's president, Matheus Dias, said, in a conference call with analysts this Thursday (3/9), that 3R has a mobilized team and has already hired third parties to start operations. The purchase of the pole has already been approved by the board of directors of Petrobras and by the ANP, but has not been... Continue Reading →
An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase. The NH3 FPSO concept is being developed by Netherlands-based SwitchH2 BV and Norway-based BW Offshore and will be built through conversion of an existing Very Large Crude Carrier (VLCC) or a dedicated newbuild vessel. Receiving power... Continue Reading →
(epbr) The temporary suspension of the sale of Petrobras assets, requested by the government, involves a list of deals in progress and about US$ 2 billion in contracts already signed and which are still waiting for an outcome. The president of Petrobras, Jean Paul Prates, said last week that he sees the request as an... Continue Reading →
(Reuters) - Governments worldwide need to simplify rules around hydrogen supply to attract investment and scale it up to become competitive enough to substitute fossil fuel use in heavy industry, energy executives said this week. Hydrogen as a potential alternative to natural gas, coal or oil burned in heavy industry or shipping is seen as... Continue Reading →
(Reuters) The Biden administration needs until the end of this year to finalize a long-awaited five-year plan for offshore oil and gas development in federal waters, according to court documents filed this week. The U.S. has been without a congressionally-mandated five year schedule of offshore oil and gas auctions since the previous one expired in... Continue Reading →
(Reuters) Hess Corp indicated the consortium that controls Guyana's oil production, of which it is a member, is prepared to relinquish 20% of the Stabroek oil block, but not any areas where it now produces or intends to produce oil in the future. An Exxon Mobil-led consortium controls the 6.6 million acres (26,800 sq km)... Continue Reading →
Petrobras' investments in exploration activities planned for the next five years are around USD 6 billion, with a main focus on sustainability, both economic and environmental. The company's strategy favors its new exploration projects, such as those that will be implemented in the Brazilian Equatorial Margin and in the Tayrona block, in Colombia, the latter... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in compliance with the provisions of CVM Resolution No. 44, and in addition to the material fact disclosed on February 28, 2023, informs its investors and the market in general that the root cause of the unit shutdown was solved, and the 3R-2 unit's... Continue Reading →
(Bloomberg) Guyana is planning another auction of prospective oil-field leases next year as the world’s fastest-growing economy seeks to maintain the pace of development, Vice President Bharrat Jagdeo said. The country’s first auction is expected to take place by the end of May after being delayed by a few weeks as the government finalizes contract terms and legislation... Continue Reading →
Brazil Energy Insight 