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(PN) Petrobras, Shell Brasil, TotalEnergies, CNPC and CNOOC and the Federal University of Rio Grande do Sul (UFRGS) kicked off a series of studies that aim to map the offshore wind potential of the pre-salt region. The first data relating to the study is being collected in the Buzios field, and the work will soon... Continue Reading →
(Reuters) - Brazil's state run oil firm Petrobras (PETR4.SA) has ruled out investing in wind and solar power abroad, deciding instead to focus on building a portfolio of local greenfield projects, energy transition head Mauricio Tolmasquim told Reuters on Wednesday. Last year, Petrobras CEO Jean Paul Prates said the company was analyzing the potential purchase of a... Continue Reading →
Porto do Açu, operated by Prumo Logística, celebrates a decade of operations in 2024. Located on the north coast of Rio de Janeiro, close to Petrobras' rich pre-salt oil reserves, Porto do Açu stands out as the largest port-industry complex private sector in Brazil. Recently the complex has been venturing into new territories, with substantial... Continue Reading →
(OET)Thanks to multiple discoveries, Guyana has quickly emerged as a global oil and gas exploration hotspot. In recognition of this, India recently greenlighted the inking of a memorandum of understanding (MoU) between its Ministry of Petroleum and Natural Gas and Guyana’s Ministry of Natural Resources to join forces in the hydrocarbon sector. The two countries... Continue Reading →
(OET) The oil and gas industry is always on the lookout for ways to boost production levels at offshore fields and gain access to stranded and untapped reserves that are not easy to bring online. Electrification of subsea production systems (SPS) offers the solution to these long-standing issues and constraints while also enabling decarbonization and... Continue Reading →
(OET) As the world puts more gumption into its energy transition journey, subsea interconnectors open new opportunities for sharing the access and use of renewable energy, such as offshore wind power, between countries while upping the decarbonization ante and strengthening the security of electricity supply. The role of subsea cables in energy security and transition... Continue Reading →
(OE) Ports in the UK such as Aberdeen serve as vital gateways to the offshore energy supply chain, providing services from surveying and construction to operational support, maintenance and decommissioning for oil and gas platforms and renewable energy installations all around the UK coastline. Vessels, moving 84.5 million tons of energy related cargo in 2022,... Continue Reading →
(OET) U.S. energy company New Fortress Energy (NFE) has signed a definitive agreement to acquire a 1.6 GW capacity reserve contract (PortoCem PPA) from Ceiba Energy that will be transferred to new power assets connected to NFE’s existing LNG terminals in Brazil, enabling NFE to become “leading LNG-to-power company” in the country. According to NFE, the... Continue Reading →
Facility includes an option to convert to a sustainability-linked loan Seatrium Limited (Seatrium, or the Group) is pleased to announce that its wholly-owned subsidiary Seatrium Financial Services Pte. Ltd. (SFS) has successfully refinanced an existing loan facility due in February 2024 with a S$400 million committed loan facility from DBS Bank Limited (“DBS”). The three-year... Continue Reading →
(OE) Despite short-term obstacles driven by high inflation and interest rates coupled with supply chain issues, we maintain that the foundations supporting long-term offshore wind activity remain solid. As we prepare for the new year, let us look at 10 factors that will shape the offshore wind sector in 2024. 1. A Continuously Dynamic Energy... Continue Reading →
Brazil Energy Insight 