Offshore oil and gas exploration projects are expected to double the growth of well intervention market, as operators seek to increase production from existing fields amid skyrocketing oil and gas demand. Fact.MR expects the global well intervention market to reach $7.1 billion in 2021 with an increase of 7 per cent CAGR between 2021 and 2031, thus, surpassing $14... Continue Reading →
BRASFELS SHIPYARD STARTED MANUFACTURING MODULES FOR THE P-78 FPSO
The Brasfels shipyard, in Angra dos Reis (RJ), began manufacturing the production modules for the FPSO P-78, which will be installed in the Buzios field, in the Santos Basin. Altogether, ten modules will be built here in Brazil – out of a total of 21 – and the work should last around 20 months. The... Continue Reading →
Brazilian company BBF to build country’s first HVO fuel plant
(Reuters) - Brasil BioFuels will build the country's first plant to produce Hydrotreated Vegetable Oil, a fuel known as HVO or 'green diesel'. The plant will be in the northern city of Manaus and will begin production in January 2025, demanding 1.8 billion reais ($322 million) in investments. The plant will have an annual capacity... Continue Reading →
New clean hydrogen production tax credit of up to $3/kg approved by US House, paving way for cheap green H2
A ten-year tax credit worth up to $3 per kilogram of “clean hydrogen” was approved by the US House of Representatives on Friday as part of President Joe Biden’s Build Back Better Bill. The cleaner the hydrogen produced, the higher the tax credit received by producers — a move that could make green H2 derived from... Continue Reading →
Siemens Energy, Andrade Gutierrez win $1.1 bln power plant order
(Reuters) - Siemens Energy (ENR1n.DE) and conglomerate Andrade Gutierrez (AGIS.UL) have won 1 billion euro ($1.1 billion) contract to build a 1.7 gigawatt combined cycle power plant in Brazil, the German group said on Tuesday. The contract has been awarded by Gas Natural Acu (GNA), a joint venture of Siemens Energy, BP (BP.L), Prumo Logistica and China's State... Continue Reading →
Houlder Supports Firm Developing Micropiling Tech for Offshore Wind
(OE) Design and engineering consultancy Houlder said Tuesday it was supporting Subsea Micropiles, a company adapting land-based micropiling technology to create superior marine foundation and anchor solutions. Houlder is providing marine operations and engineering support to speed up market development and the deployment of Subsea Micropiles’ technology."Innovative foundation technology is essential to reducing costs and... Continue Reading →
WÄRTSILÄ LAUNCHES 2-STROKE FUTURE FUEL CONVERSION SOLUTION
The Wärtsilä technology group will commercially launch its Two-Stroke Future Fuels Conversion platform during the first quarter of 2022. This engine combustion technology platform will enable the rapid and cost-effective conversion of two-stroke main engines to operate in future fuel combustion. This is seen as an important step in the maritime industry's efforts to carry... Continue Reading →
Factbox: Hydrogen’s many colours
(Reuters) - Industries including energy, steel and chemicals are looking to develop large-scale hydrogen applications to help reduce carbon emissions and avert global warming. Although hydrogen is the most abundant element in the universe, it's very scarce as a gas, and so far most methods of producing gas at scale release large amounts of carbon... Continue Reading →
TechnipFMC to Become Shareholder in Tidal Power Firm Orbital
(OE) Scottish floating tidal turbine developer Orbital Marine Power has entered a strategic partnership with offshore energy services giant TechnipFMC ( to speed up the global commercialization of Orbital’s tidal energy technology. TechnipFMC will also become a shareholder in Orbital. Orbital has developed floating tidal technology that it says is capable of cost-effectively harnessing predictable,... Continue Reading →
Multiple Subsea 7 vessels at work on major offshore projects
Subsea 7 has issued an update on its offshore oil and gas/wind projects in its latest results statement. The Subsea and Conventional business unit has been progressing engineering and procurement for the Sangomar, Barossa and Bacalhau oil/gas projects, and has started engineering for TPAO’s deepwater Sakarya gas project offshore Turkey. Offshore Norway, three of the company’s reeling vessels, Seven Vega, Seven Oceans, and Seven Navica, laid... Continue Reading →
Brazil Energy Insight 