Petrobras Suspends Offshore Wind Project

Mar 4, 2020 Petrobras decided to suspend the pilot project for offshore wind generation in the Ubarana field, in the Potiguar Basin, on the coast of Rio Grande do Norte. The decision was communicated to Ibama, responsible for the environmental licensing of the project, at the end of January. In a letter sent to the... Continue Reading →

Equinor plans high impact wells in Brazil

February 7, 2020 Brazil will receive 10% of the Norwegian oil company's investments in the next two years Equinor plans to drill five high-impact exploratory wells in Brazil over the next two years, the company's vice president and chief financial officer, Lars Christian Bacher, said on Thursday during a conference call with analysts. High-impact wells... Continue Reading →

Offshore to Constitute 25% of Wind Demand

Offshore wind will constitute 25% of total wind demand in 2028, up from 10% in 2019 and will narrow the gap with offshore upstream oil and gas in terms of capital expenditure deployment, said the analyst firm Wood Mackenzie. The possibility of offshore wind becoming cheaper than coal, gas and nuclear in most major countries... Continue Reading →

Natural gas and the energy transition

February 5, 2020 If regulatory and economic conditions are not created quickly, Brazil will renounce a fundamental energy source Today the world is going through an energy transition phase, where the trend is the growth of renewable energy sources (water, wind, solar, waves, currents), with the progressive replacement of fossil energy sources (coal, oil and... Continue Reading →

IEA: Oil Firms Must Step Up Climate Efforts

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 →

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