BRAVA ENERGIA S.A. (“BRAVA”) pursuant to CVM Resolution No. 44, hereby, and following the material fact issued on March 21st, 2024 hereby informs its investors and the market in general that after fulfillment of all the precedent conditions, and authorization from the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”), the closing of the... Continue Reading →
Petrobras’ focus remains Brazil despite Africa plans, director says
(Reuters) - The main focus of Brazil state-run oil firm Petrobras remains in its home country, its director of exploration and production said on Thursday, adding that Brazil was a priority even as it intends to expand into Africa. Petrobras has been publicly showing interest in expanding its oil fields in Africa as it seeks to... Continue Reading →
November Elections an Inflection Point for US Offshore Wind
Philip Lewis, Contributor - Director Research at Intelatus Global Partners.. (OE) We are fast approaching a potential inflection point for the U.S. offshore wind industry, the November 2024 elections. On the positive side of the scale, federal and state leases supporting approximately 63 gigawatts (GW) of offshore wind capacity have been awarded to developers on the... Continue Reading →
Climate goal to triple global renewable energy by 2030 within reach, IEA says
(Reuters) - A goal to triple global renewable energy capacity by 2030 and cut fossil fuel use is within reach, the International Energy Agency said in a report on Tuesday, but will require a huge push to unlock bottlenecks such as permitting and grid connections. The report comes as leaders from government and business come... Continue Reading →
Mexico’s top oil & gas projects under development: Coming to grips with main hydrocarbon challenges and obstacles at home and abroad
(offshore-energy.biz) Many factors, including roadblocks, play a role in oil and gas extraction and development around the globe. Some of these are region-specific while others tend to be a global problem. Mexico’s five largest upcoming hydrocarbon projects have not managed to escape these, thus, they are also facing such technical and other issues. The Latin... Continue Reading →
Brava Energia obtains Ibama license to operate FPSO Atlanta and is now waiting for ANP approval
(PN) Brava Energia (formed by the merger between 3R and Enauta) announced it has received the operating license from the Brazilian Institute of the Environment (Ibama) for the Atlanta platform ship (FPSO), which will be installed in the field of the same name, in the Santos Basin. The company is now working to obtain approval... Continue Reading →
Petrobras begins the operating procedures for the Natural Gas Processing Unit (UPGN) in Rio de Janeiro
Petróleo Brasileiro S.A. – Petrobras announces that it has begun the procedures for the start-up of the largest natural gas processing unit (UPGN) in Brazil, located in Itaboraí, in the metropolitan region of Rio de Janeiro. On September 9th, the company obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) for... Continue Reading →
Developers Submit Two New Proposals for New York’s Offshore Wind Solicitation
(OE) Vineyard Offshore and Community Offshore Wind have submitted proposals to the New York State Energy Research and Development Authority (NYSERDA) to develop two offshore wind projects as part of the state’s fifth solicitation round. Vineyard Offshore has submitted application to develop Excelsior Wind, a 1,350 MW offshore wind project, located 24 miles from the... Continue Reading →
US Approves Maryland Offshore Wind Project
(Reuters) President Joe Biden's administration on Thursday announced final approval of a wind project off the coast of Maryland, bringing the U.S. halfway to its goal of deploying 30 gigawatts of the clean energy technology by 2030. The project is the 10th approved by Biden's Interior Department. He has made offshore wind a cornerstone of... Continue Reading →
First Offshore Wind Turbine Stands Tall at US Revolution Wind Project
(OE) The first 11 MW Siemens Gamesa offshore wind turbine, out of total 65 planned, has been installed at Ørsted’s 704 MW Revolution Wind offshore wind farm in the United States. Once in operation, Revolution Wind will have the capacity to generate 400 MW of clean power for Rhode Island and 304 MW for Connecticut,... Continue Reading →