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(Reuters) - A global coalition of industrial companies said on Thursday it has boosted a target for emissions-cutting hydrogen generated with renewable power such as wind and solar energy. Companies and governments have touted green hydrogen, derived from water using electrolyzers powered by renewable energy, as a way to cut carbon emissions. But it now... Continue Reading →
The governor of Ceará, Camilo Santana in Munich, Germany, an agreement with the German multinational Linde to implement a green hydrogen plant in Ceará. The largest global company in the production of industrial gases and engineering, Linde is represented in South America by White Martins. This is the 12th memorandum of understanding signed by Ceará... Continue Reading →
(PetroleoHoje) ExxonMobil is planning higher capex for the year 2022 due to the Yellowtail and Bacalhau projects, located in Guyana and Brazil, respectively, said senior vice president and CFO Kathy Mikells. If approved by Exxon's board of directors, next year's capex will jump from the current level of $16 billion to $19 billion to $20... Continue Reading →
Green hydrogen will be a necessary instrument for the world to be able to limit climate change to the levels established in the Paris Agreement. The finding is from a new report prepared by the Norwegian Statkraft, one of the major generators of renewable energy in Europe. The Low Emissions Scenario study produced by the... Continue Reading →
OneSubsea, a Schlumberger company based in Houston, Texas, United States, has signed a contract with Petrobras for subsea services in fields off the coast of Brazil, including inspection, maintenance, repairs, upgrades and parts supply, as well as installation services and commissioning. The contract is worth over US$200 million. The agreement includes a market differential by... Continue Reading →
(Reuters) - Exxon Mobil Corp (XOM.N) remains focused on hydrocarbons and plans to press ahead with a $30 billion liquefied natural gas project in Mozambique, a top executive said on Thursday. "We've been in hydrocarbons for over 130 years... it's the core part of our business and it will be for a long time," Exxon Senior Vice... Continue Reading →
Weak quarterly results and mixed 2022 guidance overshadowed a new business plan from Saipem on Thursday, sending shares in the Italian energy services group down more than 8%. In his first strategy plan, Chief Executive Francesco Caio said Saipem expected to start growing again next year as its offshore business and drilling bounce back from... Continue Reading →
(OE) A complete subsea factory may yet be a pipe dream. However, with its constituent parts now more or less ready, the industry has a much greater toolbox of technologies with which it can now apply to existing and new subsea developments. But is there willingness, even with the temptation of being able to reduce... Continue Reading →
(OE) Despite oil prices recently edging past $80 a barrel, scars from two recent oil industry downturns in five years have forced offshore seismic surveyors to look at ways to diversify. Marine seismic survey companies provide essential data to offshore oil and gas explorers to make better-informed drilling decisions. However, with every oil industry downturn,... Continue Reading →
TechnipFMC and Saipem have entered into a global commercial agreement to identify projects worldwide that could be jointly executed for the benefit of clients. Specifically, the agreement targets subsea umbilicals, risers and flowlines (SURF) projects where the combination of the companies’ complementary assets, technologies, products and competencies improves project economics and de-risks the overall project... Continue Reading →
Brazil Energy Insight 