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(Reuters) - Severe drought in an Amazonian river that powers two of Brazil's largest hydroelectric plants has forced a policy shift toward using more thermal sources and energy imports in the northern region, a government agency said. The Electric Sector Monitoring Committee (CMSE), citing low water levels in the River Madeira, recommended on Wednesday minimizing... Continue Reading →
(Reuters) - Brazil's state-run oil company Petrobras has obtained environmental licenses to expand production in two offshore fields, and could have one vessel start production earlier than expected in one field, three people with knowledge of the matter told Reuters. The licenses will allow Petrobras to increase production in the Mero and Buzios fields, with Buzios... Continue Reading →
(OE) Samsung Heavy Industries (SHI) and Equinor have signed a preferred supplier agreement for floating structures for the 750 MW Bandibuli offshore wind project being developed in South Korea. The supplier agreement for the fabrication and marshalling of the floating substructures for Bandibuli’s wind turbines was signed by SHI and Equinor on August 7, 2024.... Continue Reading →
(OE) BlueFloat Energy has revealed the site location for its floating wind project, which will participate in the upcoming floating demonstration program, due to be launched by the Taiwanese government later in 2024. The ‘Winds of September Phase 1’ project, in development since 2021, will involve the installation of up to 12 floating platforms for... Continue Reading →
Barry Parker, Contributor of bdp1 Consulting Ltd (OE) Early 2024 saw a group of financial deals that have implications, in a broad sense, for how offshore wind projects may be financed. While offshore wind projects might be thought of as being in the ‘utility finance’ basket, they are ultimately high-risk deals that might better suit the... Continue Reading →
Law No. 14,948/2024, which establishes the legal framework for low-carbon hydrogen, was published August 2, 2024, in an extra edition of the Official Gazette of the Union. The law assigns ANP the powers to regulate, authorize and monitor the exercise of hydrogen exploration and production activities in Brazil. According to the new legal framework, ANP... Continue Reading →
ANP released the Monthly Bulletin of Oil and Natural Gas Production for June 2024, which brings consolidated data on national production. In June, there was an increase, compared to May 2024, in oil and natural gas production, as well as in pre-salt production. Total production (oil + natural gas) was 4.353 million barrels of oil... Continue Reading →
(Reuters) - Brazilian prosecutors, who have recommended that environmental agency Ibama block drilling by state-run oil company Petrobras near the mouth of the Amazon river, has demanded that Ibama respond within three days, a document seen by Reuters shows. The federal prosecutors office (MPF), an independent agency, filed a July 22 notice that appeared on... Continue Reading →
(OE) Oil and gas company Enauta has completed all subsea system and lines connections with the floating production storage and offloading (FPSO) Atlanta, ahead of first oil production expected in August. Ongoing activities currently include mandatory adaptations by regulatory agencies, final testing, and commissioning, which will conclude the operational activities scheduled to start production on... Continue Reading →
(Reuters) The U.S. Bureau of Ocean Energy Management said on Friday it is seeking competitive bids for offshore wind leases off the coast of Texas after renewable energy developer Hecate Energy Gulf Wind LLC made an unsolicited bid. The administration of President Joe Biden sees offshore wind power as a vital part of a broader... Continue Reading →
