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The European Union unveiled plans on Thursday to transform its electricity system to rely mostly on renewables within a decade and increase its offshore wind energy capacity 25-fold by 2050. Renewable sources like wind and solar provide roughly a third of EU electricity today, but the EU says that share will need to expand to... Continue Reading →
Oilfield services provider Halliburton Co said on Thursday it would set greenhouse gas emission reduction targets in line with what the latest climate science outlines is necessary to meet the goals of the Paris Accord. The announcement comes as the global energy industry faces intense pressure from investors worried about the climate impact of fossil... Continue Reading →
Windthrust, a subsidiary of Australian-based, National Ports Corporation, has revealed plans for a 300 meters long, combined self-propelled floating port and installation vessel for foundations, wind turbines, and substation - named the Oceandock LX. "Windthrust has been working closely with offshore wind farm market leaders from Northern Europe to identify the key factors and requirements... Continue Reading →
The jewel in the Petrobras crown, the Buzios field should reach the end of the decade with daily production above 2 million barrels of oil per day - today, this volume is 600 thousand. The forecast was presented by the executive manager of the state company Marcio Kahn, during the Technical Forum of Pre-Salt Petroleum... Continue Reading →
Norwegian offshore wind services firm Aker Offshore Wind has increased its stake in Principle Power, a company developing foundations for floating wind farms. Aker Offshore Wind's stake in Principle Power will grow from around 20 percent to an expected 39 percent, after exercising an option to buy further shares in the floating wind technology company.... Continue Reading →
Modern innovation is helping the oil industry to keep up with the competition by cutting costs, addressing safety concerns, and incorporating better data analytics to continually improve upon existing systems. As we face increased global uncertainty over the demand for oil as well as its price, digitalization and the introduction of new technologies will help the... Continue Reading →
(Reuters) - Petrobras has launched an initiative that aims to cut costs by 30% related to drilling wells and will concentrate on future operations in the Búzios field, the largest in the world in deep waters and the state's main asset, in the pre-salt layer Santos Basin. The company said that the so-called Well Efficiency... Continue Reading →
TechnipFMC handed over the unit to Shell. Another six similar ones will be delivered to the Anglo-Dutch company by January 2022, and, like the first, will be manufactured at Rio Manufacturing Hub, in Rio de Janeiro (RJ). How the equipment will be used in the Appomattox field, located in deep waters in the Gulf of... Continue Reading →
ABB Marine & Ports has been selected as a technology partner for an EU project exploring the use of remote inspection and maintenance techniques for offshore wind farms. With funding from the biggest EU research and innovation program Horizon 2020, the project, named Atlantis, is targeting a more efficient, cost-effective and sustainable offshore ecosystem. The... Continue Reading →
Marine and engineering consulting firm LOC Group has been awarded new contracts with SBM Offshore to act as Marine Warranty Surveyor (MWS) on two floating production storage and offloading (FPSO) projects. These SBM Offshore’s FPSOs will be deployed offshore Brazil and Guyana, LOC said in a statement on Thursday. LOC will provide MWS services for... Continue Reading →
