Strohm Secures Over $21M Investment to Expand CCUS and Hydrogen Market Presence

(OE) Dutch thermoplastic composite pipe (TCP) technology company Strohm has secured $21.4 million ($20 million) investment from SENCO Hydrogen Capital, aimed at boosting its growth trajectory focused on hydrogen and carbon capture utilization and storage (CCUS) applications. The partnership between the two companies also seeks to reduce carbon footprint in the pipeline infrastructure for conventional... Continue Reading →

June 19, 2024 0

RWE Picks Argeo for Site Survey Work for 1.6GW Floating Wind Farm Off California

(OE) RWE has selected Argeo, a subsea service provider, to perform the site investigation work for Canopy offshore wind farm, a 1.6 GW floating wind project located off the coast of Northern California. The site investigation survey is a key milestone in the development of RWE’s first commercial scale floating offshore wind farm. The planned... Continue Reading →

June 13, 2024 0

Petrobras publishes 2023 Sustainability Report

Petróleo Brasileiro S.A – Petrobras informs that it has published its 2023 Sustainability Report today. The document reports on progress in the company's sustainability commitments and consolidates indicators related to environmental, social and governance (ESG) issues. This year, an ESG Panel was also published, which brings together quantitative data, including the performance of indicators following... Continue Reading →

June 10, 2024 0

Eletrobras signs agreement with Prumo to produce green hydrogen at Brazilian port

(Reuters) - Brazil's Eletrobras, Latin America's largest utility, signed a memorandum of understanding with infrastructure company Prumo to produce green hydrogen in a port in Rio de Janeiro, which could lead to development of a pilot plant, the two firms said. The memorandum, signed on Wednesday at an event in Rio, also opens the door... Continue Reading →

June 6, 2024 0

Industry Players Launch New Innovation Challenges for Floating Offshore Wind

Four new challenges, which aim to push the boundaries of innovation in floating offshore wind, have been launched in the NOW Accelerator programme. Presented by industry players Vattenfall and Seagust, Equinor, Deep Wind Offshore and EDF Renewables, and Å Energi and Corio, the four new challenges are part of the NOW Accelerator programme by Norwegian... Continue Reading →

June 5, 2024 0

Bankrolling fossil fuels: 60 giant banks pick up the $7 trillion tab for coal, oil & gas

(Offshore-energy.biz) While global efforts to break away from emission-intensive fossil fuels and pivot to low-carbon and renewable energy alternatives have grown by leaps and bounds since the Paris Agreement came onto the scene, concerns over energy security, rising demand, and population growth have enabled coal, oil, and gas to spread their wings further, with over... Continue Reading →

May 30, 2024 0

Petrobras sets its cap on 14 new FPSOs by 2028 but decarbonization bells and whistles are a must for all

(Offshore-energy.biz) Brazil’s state-owned oil and gas giant Petrobras is laying the groundwork to put 14 new floating production, storage, and offloading (FPSO) vessels into production mode over the next five years. As the Brazilian energy heavyweight is also determined to raise its emissions reduction bar, the new FPSOs and solutions are expected to come with decarbonization... Continue Reading →

May 14, 2024 0

Petrobras Required to Assess Indigenous Impact of Amazon Offshore Drilling

(Reuters) Brazil's state-run oil firm Petrobras must do a series of studies on the impact on Indigenous groups in the Amazon area of planned offshore drilling nearby in order to analyze the project's viability, according to a federal agency and documents from government agencies. The wide-ranging studies demanded by Brazil's environmental agency Ibama are meant... Continue Reading →

May 10, 2024 0

Brazil’s plans to drill for oil in the Amazon hit stiff Indigenous resistance

(Reuters) - State-run energy firm Petrobras has hit growing resistance from Indigenous groups and government agencies to its premier exploration project, which would open the most promising part of Brazil's northern coast to oil drilling. Environmental agency Ibama denied Petrobras a license for exploratory drilling offshore in the Foz do Amazonas area last year, citing... Continue Reading →

April 18, 2024 0

Further on the Enauta merger proposal with 3R Petroleum

(PN) Enauta announced that its Board of Directors approved the presentation of a proposal for the business combination with 3R Petroleum. The operation could create one of the main independent operators in Brazil and Latin America, with production potential that could exceed 100 thousand barrels of oil equivalent per day – in line with the... Continue Reading →

April 2, 2024 0

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