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(OE) Offshore wind developers Flotation Energy and Vårgrønn, a joint venture between Eni’s Plenitude and HitecVision, have announced that their 560 MW floating offshore wind project Green Volt has been granted full onshore planning approval. The Green Volt floating wind farm, located offshore Scotland, will deliver electricity to oil and gas platforms, replacing power currently... Continue Reading →
(OilNow) Even with six floating production, storage and offloading (FPSOs) vessels operating at peak production, Guyana’s oil operations would only utilize 7% of the 150 million tonnes of emissions sequestered by its forests annually. So said Guyana’s Vice President, Bharrat Jagdeo, during a recent press conference. The chief policymaker for the oil sector made this... Continue Reading →
(Reuters) Top oil executives took to the stage of a major energy conference on Monday to vocally oppose calls for a quick move away from fossil fuels, saying society would pay a steep cost to replace oil and gas. Big oil companies including BP and Equinor have written down renewable energy projects and others have... Continue Reading →
Dear shareholders and investors, I am very proud to address you today, not only in light of the excellent economic and financial results we are disclosing, but especially because I am convinced that we are building a Petrobras which is more solid, more resilient and able to generate long-term value to its partners and to... Continue Reading →
(PN) Omni Taxi Aereo, part of the Omni Helicopters International (OHI) Group, the main provider of air mobility solutions in Latin America, announces that it has won two contracts from Petrobras to operate unmanned aerial vehicles (UAVs) in offshore missions. The missions will perform beyond-line-of-sight (BVLOS) flights, transporting 50kg payloads to offshore installations and conducting... Continue Reading →
(Offshore-energy.biz)) Norwegian seismic company PGS is switching to energy-efficient lighting for eight of its seismic vessels as part of its sustainability targets and desire to comply with emission reduction targets and new regulations. PGS appointed compatriot lighting company Glamox to deliver energy-saving lighting for the eight vessels that deliver seismic surveys of the seabed. The first... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding (MoU) with the aim of studying potential mutually beneficial business models in the low carbon economy with Arcelor Mittal Brasil. The companies will seek to identify commercial opportunities and potential partnerships in Brazil that are aligned with diversification and decarbonization strategies.... Continue Reading →
Corporate Venture Capital's investment thesis will cover businesses related to renewable and low-carbon energies Petrobras and the BNDES have begun studies to structure a Corporate Venture Capital (CVC) fund to support micro, small and medium-sized technology-based companies. In this first phase, the idea is to identify the most promising sectors for this type of investment,... Continue Reading →
(TN) Brazil is the sixth country in the world that invested the most in energy transition and the leader in Latin America, according to BloombergNEF's Energy Transition Investment Trends 2024 report. The document highlighted that the country invested, in 2023 alone, around US$34 .8 billion. Renewable energy, electric vehicles, hydrogen and carbon capture drove year-on-year... Continue Reading →
(epbr) Petrobras plans to conquer 10% of the centralized wind and solar generation market in Brazil by 2028, according to a presentation made to investors in New York. The company's 2024-2028 strategic planning foresees having around 5 GW of photovoltaic and wind capacity in operation or construction. To achieve this, the state-owned company will invest... Continue Reading →
Brazil Energy Insight 