Brought to you by Quest Offshore & Southern Cone Consultants
Old offshore oil wells could be turned into geothermal energy producers under a plan by a new consortium. The group, The Aquarius North Sea Geothermal Consortium, is “actively” working with North Sea operators to see if old wells could be used to generate geothermal energy for existing platforms. But a future goal is greenfield geothermal... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it will be part of B3 Corporate Sustainability Index (ISE) again. The company will integrate the main Brazilian index under the aspect of corporate sustainability in 2021, which did not occur since 2008. "The return to ISE is a recognition of our efforts and initiatives in the environmental, social... Continue Reading →
(Reuters) - The world’s top energy companies have slashed the value of their oil and gas assets by around $80 billion (60.05 billion pounds) in recent months after revising lower the long-term outlook for fuel prices in the wake of the coronavirus epidemic and the energy transition. Exxon Mobil, the largest U.S. oil company, announced... Continue Reading →
(Reuters) - Petrobras does not expect to invest in renewables over the next five years, Chief Executive Roberto Castello Branco said on Tuesday, adding that the Brazilian state-controlled company will instead put money into technologies to reduce the carbon footprint of its oil extraction activities. Castello Branco has repeatedly said Petroleo Brasileiro SA, as the... Continue Reading →
The floating wind industry, still in its infancy, is set for a 2000-fold increase in installed capacity by 2050, DNV GL said, however, warning that more comprehensive industry standards and risk management is required for the technology to scale. According to the report by risk management and quality assurance company, the cost of floating wind... Continue Reading →
(Bloomberg) --Exxon Mobil is about to incur the biggest writedown in its modern history as what was once an exemplar of American capitalist might shudders under the weight of debilitated energy markets. Exxon -- already hobbled by cratering crude prices, a global supply glut and a pandemic-driven collapse in fuel sales -- on Monday disclosed... Continue Reading →
A project has been launched in the UK to explore the viability of developing an offshore charging facility for vessels as part of the industry’s efforts to decarbonize its vessel operations. Funded by the first phase of the UK Government’s Sustainable Innovation Fund, the project - led by Turbulent Simulations, alongside Aluminium Marine Consultants, the... Continue Reading →
Equinor and SSE have announced a financial close on the first two phases of the world's largest offshore wind farm project - the Dogger Bank in the UK North Sea. Dogger Bank wind farm is a joint venture between SSE Renewables, who are leading the construction of the offshore wind farm, and Equinor, who will operate... Continue Reading →
Spanish oil company Repsol has unveiled its 2021 – 2025 strategic plan which will advance its net-zero emissions objective. Repsol said on Thursday that the new strategy would be highly flexible concerning the macroeconomic environment and that it would be set in motion at a time of historic difficulty to which the company already responded with its... Continue Reading →
Brazil's potential for power generation with wind farms installed at sea, a technology that is on the rise in the world but still unprecedented in the country, entered the radar of government technicians and companies such as the Norwegian oil company Equinor and the electric company Neoenergia, of the group Spanish Iberdrola. The state-owned Energy... Continue Reading →
Brazil Energy Insight 