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Aggregate fossil fuel demand is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of COVID-19, according to new research by leading global consultancy, McKinsey & Company. The Global Energy Perspective 2021 report finds that while coal demand peaked already, peaks in demand... Continue Reading →
Siemens Gamesa and Siemens Energy have this week announced they'd work together on wind-to-hydrogen projects to help decarbonize the economy "to solve the climate crisis." The companies said they were contributing with their developments to an innovative solution that fully integrates an electrolyzer into an offshore wind turbine as a single synchronized system to directly... Continue Reading →
Norwegian energy company Equinor said it has been selected to provide New York State with offshore wind power in one of the United States' largest renewable energy procurements to date. Under the award, Equinor and partner BP will provide 1,260 megawatts (MW) of renewable offshore wind power from Empire Wind 2, and another 1,230 MW... Continue Reading →
Norwegian marine seismic data firm TGS on Wednesday announced the start of the Espirito Santo multi-client 3D seismic survey offshore Brazil. "This survey, covering 2,694 square kilometers, will broaden the region's 3D coverage while adding to the extensive offshore seismic library. This survey is being acquired in a dual-azimuth acquisition format," TGS said. TGS said... Continue Reading →
Energy intelligence firm Rystad Energy has conducted a comprehensive company-level analysis of the world’s upstream industry, identifying the top carbon-intensity performers in each of the offshore, onshore, and shale segments and concluded that onshore producers have a higher carbon intensity on average, while offshore producers are scattered. The carbon footprint of exploration and production companies... Continue Reading →
(Reuters) -Total will be as active in adding renewable energy assets in 2021 as it was last year, Chief Executive Patrick Pouyanne told an Oddo BHF conference on Friday. Total is trying to reduce its dependence on oil and shift towards electricity and renewable energy. It aims to have 35 gigawatts (GW) of gross renewable... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that it has registered records in its 2020 annual oil production and total annual production (oil and gas) of, respectively, 2.28 million barrels per day (bpd) of oil and 2.84 million barrels of oil equivalent per day (boed). The previous records occurred in 2015 and were 2.23 million bpd... Continue Reading →
Taking the power to where you want it is another option – perhaps not for compression or pumping system, but potentially for monitoring, inspection, and even intervention systems, such as resident robotics concepts. It’s an idea some have been looking at, such as Ocean Power Technologies, which recently won a DeepStar project award to study... Continue Reading →
Sevan SSP, a company designing cylindrical, offshore facilities such as FPSOs and offshore rigs, has entered the floating wind game with its SWACH design. "Sevan SSP is happy to announce our participation in the development of floating offshore wind energy with our Sevan Wind concept, the SWACH design," the company, a subsidiary of Singapore-based Sembcorp... Continue Reading →
Saipem has started the functional tests of FlatFish, the innovative underwater drone for advanced vessel free subsea inspections, based on AI. According to the company, the vehicle is now going to an extensive sea trial campaign. Since March 2018, Shell has been entrusting Saipem with the license to develop the FlatFish technology and qualify it... Continue Reading →
Brazil Energy Insight 