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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 $10 million investment by the energy company, to create the Shell Gulf Wind Technology Accelerator program. The collaboration includes deploying novel technologies to a demonstrator turbine as early as 2024, designed... Continue Reading →
On 9 March, the Biden-Harris administration released the President’s Budget for Fiscal Year (FY) 2024, with funds for federal agencies’ activities in offshore wind proposed to be increased. The budget also supports the agencies’ work on the next National OCS Oil and Gas Leasing Program, however, in terms of corporate support, it eliminates tax subsidies... Continue Reading →
Welsh Ministers have granted a Section 36 consent with deemed planning permission to Blue Gem Wind consortium to build and operate the Erebus floating wind project. The news follows the recent decision by Natural Resources Wales to provide the joint venture between TotalEnergies and Simply Blue Group with a marine licence. Erebus is Wales’ first planned... Continue Reading →
(Valor) The company's president, Matheus Dias, said, in a conference call with analysts this Thursday (3/9), that 3R has a mobilized team and has already hired third parties to start operations. The purchase of the pole has already been approved by the board of directors of Petrobras and by the ANP, but has not been... Continue Reading →
An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase. The NH3 FPSO concept is being developed by Netherlands-based SwitchH2 BV and Norway-based BW Offshore and will be built through conversion of an existing Very Large Crude Carrier (VLCC) or a dedicated newbuild vessel. Receiving power... Continue Reading →
(epbr) The temporary suspension of the sale of Petrobras assets, requested by the government, involves a list of deals in progress and about US$ 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 →
