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With the energy transition gaining pace, several exploration and production (“E&P”) companies have adjusted their business models; both to reduce emissions and to mitigate climate-related business risks. E&Ps may be grabbing the headlines regarding the oil and gas industry’s response to the energy transition, but the core of their supply chain – Oil Field Services (“OFS”)... Continue Reading →
Bassoe Analytics, a Norwegian offshore drilling rig data company, said Tuesday it has merged with Greenpact Data. The merged company, called Esgian, has been described as a provider of Environmental, Social, and Corporate Governance (ESG) impact analytics for the energy transition. According to info on its website, Esgian's mission is to create "independent and innovative data... Continue Reading →
German oil and gas company Wintershall Dea has set greenhouse gas reduction targets for its production activities (scope 1 + 2 emissions, operated and non-operated upstream activities at equity share basis). The company said Monday it wanted to achieve net zero operations by 2030. In 2019, the company’s operating activities generated around 2.5 million metric... Continue Reading →
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 →
The Brazilian Institute of the Environment and Renewable Natural Resources (Ibama) launched the Standard Term of Reference (TR) for Offshore Wind Energy Complexes. This TR brings the scope of what the entrepreneur should present in his study of environmental impact to attest the feasibility of this type of renewable energy enterprise, thus bringing clarity and... 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 →
Brazil Energy Insight 