(TN) The World Bank Group released today 16/07, a study on "Scenarios for Offshore Wind Development in Brazil" based on analysis by DNV, an independent global expert in energy and risk management. This report is part of a series of offshore wind roadmap studies commissioned by the World Bank Group (WBG) under the Offshore Wind... Continue Reading →
Petrobras re-starts exploratory drilling in the Jubarte field, Espirito Santo Basin
Petrobras restarted drilling an exploratory well, in the Jubarte field, in a water depth of 967 meters. The new well was given the technical name 4-BRSA-1392DA-ESS. Remember, when the original well is abandoned, operators drill a so-called repeat well, which has the same geological objectives. The technical name of the well is basically the same... Continue Reading →
Low-Carbon Hydrogen legal framework is approved in the Brazilian Chamber
(TN) Bill (PL) No. 2,038/2023, which creates the legal framework for low-carbon hydrogen, was approved by the Chamber of Deputies. Now, the text goes to President Lula for sanction. The Bill provides for the National Low Carbon Emission Hydrogen Policy – coordinated by the Ministry of Mines and Energy (MME) – and establishes incentives to... Continue Reading →
Offshore Wind Turbines Offer Path for Clean Hydrogen Production
NREL Researchers Identify Promising Locations off US Coastlines for Installation of Technology (CleanTechnica.com) Using electricity generated by offshore wind turbines as one pathway to split water to produce clean hydrogen may make economic sense, particularly along the U.S. Atlantic Coast and in the Gulf of Mexico, according to researchers at the National Renewable Energy Laboratory... Continue Reading →
Several bids received in Suriname’s shallow water round targeting multi-billion-barrel resources
(Oil Now) Suriname’s shallow water bid round has closed and according to its state oil company, Staatsolie, “several bids” were received. “We would like to thank the companies which have shown their interest,” the Staatsolie said in a recent announcement. The state oil firm is yet to release the companies that submitted bids and for... Continue Reading →
Atlantic Shores seeks first offshore wind role in New Jersey
(Reuters) - Atlantic Shores, a joint venture of Shell and France's EDF , on Wednesday submitted a proposal to be the initial provider of offshore wind energy to the state of New Jersey in the Fourth Offshore Wind Solicitation. The project proposed involves Atlantic Shores Projects 1 and 2, which can generate more than 2,800 megawatt of electricity,... Continue Reading →
Chevron and Hess say US FTC merger review expected for third quarter
(Reuters) - Oil producers Chevron Corp (CVX.N), opens new tab and Hess Corp (HES.N), opens new tab expect the U.S. Federal Trade Commission will review their proposed merger in the third quarter, the companies said in a statement on Thursday. Bloomberg News reported earlier on Thursday the FTC planned to delay its decision on whether to block Chevron's $53-billion... Continue Reading →
Production Start from FPSO Atlanta Up for Potential Delays
(OE) Oil and gas company Enauta has completed the anchoring of the floating production storage and offloading (FPSO) unit Atlanta at a field in Santos Basin, offshore Brazil. However, the production start from the unit might face delays due to announced strikes by the officials working in public institutions. In June, Enauta completed the anchoring... Continue Reading →
Ørsted Assumes Full Ownership of Sunrise Wind Offshore Wind Farm
(OE) Ørsted has completed the acquisition of Eversource’s 50 % share of Sunrise Wind, a 924 MW offshore wind farm located off the coast of New York. The purchase price at closing to acquire Eversource’s share of Sunrise Wind is $152 million. At signing in January 2024, the transaction was valued at $230 million, and... Continue Reading →
Dominion Buying Iberdrola’s US Offshore Wind Lease Area North of CVOW Project Site
(offshoreWind.biz)Iberdrola, through its US subsidiary Avangrid, and Virginia Electric and Power Company, a wholly-owned subsidiary of Dominion Energy, have signed an agreement under which Dominion will acquire the Kitty Hawk North Wind offshore wind lease area. The site, located some 40 kilometres north of the under-construction Coastal Virginia Offshore Wind (CVOW) project, would be renamed CVOW-South,... Continue Reading →