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Jan 27, 2020 According to a study by the Energy Research Company (EPE), linked to the Ministry of Mines and Energy, the technical potential for generating wind energy in Brazil at sea is 700 GW. The document was prepared after six environmental licensing processes for the construction of offshore wind farms were opened at the... Continue Reading →
Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transition, and failure to address growing calls to reduce greenhouse gas emissions could threaten their long-term social acceptability and profitability, the International Energy Agency said Tuesday. The oil and gas industry now needs to make clear what clean... Continue Reading →
January 7, 2020 Ibama has opened a public consultation to receive contributions for the publication of the Model Term of Reference (TR) that will indicate the ways for the preparation of Environmental Impact Studies of offshore wind projects in the country. Contributions can be sent to the environmental agency until April 3. The reference term... Continue Reading →
December 20, 2019 Petróleo Brasileiro S.A. - Petrobras reports that its wholly owned subsidiary Petrobras Biocombustíveis S.A. (PBio) has started the opportunity disclosure phase (teaser) related to the joint sale of all its shares in BSBios Indústria e Comércio de Biodiesel Sul Brasil S/A (“BSBios”). PBio holds a 50% stake in BSBios and will sell... Continue Reading →
The purchase price per share is NOK 116 which compares to the closing price on 19 December of NOK 110.5 and to Scatec Solar’s equity issuance price on 24 September of NOK 116. Following the transaction Equinor owns a total of 18,965,400 shares of Scatec Solar, raising its total shareholding to 15.2 percent of the... Continue Reading →
-Patria Investments, Shell and Mitsubishi Hitachi Power Systems Americas (MHPS) have announced the signing of a contract with Brazil’s State-owned development bank (BNDES) to finance the gas-powered Marlim Azul Energia thermoelectric plant, in Macaé (Rio de Janeiro State). The loan approved by the federal bank for the construction of the plant is R$ 2 billion,... Continue Reading →
Brazil “trigger” Most all, it’s drill bit “luck” and reserves that bankroll Equinor, and the company’s long struggle to stay in Brazil — through rising costs, political turmoil and deepwater doubt — might now produce Equinor’s new El Dorado. In a letter to Norwegian DN, CEO Saetre sounded off on Brazil, suggesting current production of... Continue Reading →
The years-old trend that has seen offshore suppliers vie for work in wind by leveraging their offshore oil and gas credentials and development finance is being countered these days by wind players in search of oil and gas jobs, judging by some recent fleet owner moves. Dutch offshore fleet owner, Jan De Nul, was busy... Continue Reading →
Sustainability in oil and gas is becoming increasingly important to the long-term viability of the industry. In fact, I believe it is becoming the most important issue for the global oil and gas industry—more about this later. To better understand what Sustainability in oil and gas means, what companies are doing, and what the most... Continue Reading →
Heavyweight oilfield service providers like Saipem and Baker Hughes are moving past just oil and gas projects and embracing more renewable energy projects going forward. In 2014, non-upstream oil and gas activities accounted for 22% of revenues among service suppliers. This share grew to 27% in 2018. According to Rystad Energy, the trend to accelerate... Continue Reading →
Brazil Energy Insight 