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The Brazilian Institute of the Environment (IBAMA) authorized Petrobras to start operating the FPSO Almirante Barroso – which is already moored in the Búzios field, in the Santos Basin. The license will be valid for eight years. The platform vessel was named in honor of the commander who led the victorious Brazilian naval force in... Continue Reading →
As the global energy crisis demonstrated last year that the energy security of certain countries hangs by a thread, the American Petroleum Institute (API), a trade association representing the oil and gas industry, has called on the Biden administration to address – what it sees as – the broken permitting process, which is halting U.S. energy... Continue Reading →
(OE) U.S. offshore shipbuilder and shipowner Edison Chouest this week marked the 50-percent completion milestone for the U.S.-flagged ECO Edison, the first Jones Act-compliant wind farm SOV. Senior executives from offshore wind developers Ørsted and Eversource toured the Edison Chouest Offshore shipyard in Louisiana to see the progress on the SOV. ECO Edison will be... Continue Reading →
A new record for the successful history of the Brazilian pre-salt. The National Petroleum Agency (ANP) announced that production in the layer in February totaled 3.268 million barrels of oil equivalent per day, growth of 2.3% compared to January. The volume surpassed the previous record of 3.142 million barrels of oil equivalent per day, recorded... Continue Reading →
Thistle Wind Partners (TWP) has launched seabed surveys for its 1 GW Ayre floating offshore wind farm and the 1 GW Bowdun offshore wind farm in Scotland. G-tec is leading the first phase of the work, which is the geophysical surveying of the seabed at both sites, in leasing zones NE2 and E3, from March... Continue Reading →
(OM) Principle Power and Aker Solutions have been awarded a US Floating Offshore Wind Readiness (FLOWIN) Prize, which will set forth the goal to establish a sustainable and competitive domestic supply chain ecosystem to deliver floating offshore wind projects in the US. The FloatHOME Project will leverage the fourth-generation, industrialized WindFloat design to evaluate and compare deployment options,... Continue Reading →
(Reuters) - Spanish power company Iberdrola (IBE.MC) will seek to expand in the United States and take advantage of its green subsidies after announcing the sale of gas assets worth $6 billion in Mexico, Chief Financial Officer Jose Sainz said on Wednesday. The sale significantly reduces the renewable energy giant's exposure to Mexico, where its relationship with... Continue Reading →
(Bloomberg) Electricite de France SA is betting that wind turbines at sea — already the size of skyscrapers — will be about 50% more powerful at the start of the next decade when it completes the country’s largest offshore farm. The French utility expects even larger machines to contribute to higher output when it builds... Continue Reading →
(Reuters) - Exxon Mobil Corp's (XOM.N) Low Carbon business has the potential to generate hundreds of billions of dollars in revenue and outperform the company's traditional oil and gas as soon as a decade from now, CEO Darren Woods said. The largest U.S. oil producer on Tuesday laid out to investors the aims of its emerging energy transition strategy... Continue Reading →
(OE) UK-based offshore wind developer SSE Renewables and Asia Pacific-focused renewable energy developer Equis have formed a joint venture to bid for a feasibility license to develop, construct, own, and operate an offshore wind farm project in Australia. The wind farm site is in Australia’s first Federal Government-declared offshore wind zone of Gippsland, near the... Continue Reading →
