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High-technology offshore wind companies Rovco and Vaarst have entered into merger, creating a new brand Beam to boost their offshore wind services. In uniting their capabilities across research, development, and deployment, Beam will provide innovative automation technologies to service offshore wind, and deliver efficiencies and reduced costs for survey and subsea work across all lifecycle... Continue Reading →
(offshore-energy.biz) Many factors, including roadblocks, play a role in oil and gas extraction and development around the globe. Some of these are region-specific while others tend to be a global problem. Mexico’s five largest upcoming hydrocarbon projects have not managed to escape these, thus, they are also facing such technical and other issues. The Latin... Continue Reading →
(Reuters) Power equipment maker GE Vernova expects its wind segment to post a core loss of $300 million in the third quarter due to additional costs related to offshore blade failures, the company said on Thursday. The projected core loss in GE Vernova's wind segment in the current quarter is more than double the loss... Continue Reading →
(Reuters) - Soil moisture in Brazil's main river basins used for hydropower generation has fallen to nearly two-decade lows, data collected by the London Stock Exchange Group shows, threatening a prolonged impact from a serious drought even after rains return. Tropical rains feeding Brazil's vast network of rivers typically allow hydropower plants to generate around... Continue Reading →
(Reuters) - Spanish renewable power company Iberdrola and Britain's BP said on Thursday they had agreed to build a 25-megawatt green hydrogen plant in Castellon, on Spain's eastern coast. The project, which will benefit from a 15-million-euro ($16.5 million) EU subsidy, is designed to help BP reduce the carbon footprint of its oil refinery located in Castellon,... Continue Reading →
– Petróleo Brasileiro S.A. – Petrobras informs that a favorable final arbitration award has been handed down in one of the arbitrations taking place before B3's Market Arbitration Chamber (CAM). This arbitration was initiated by an association and was intended to be collective, trying to encompass all Petrobras shareholders who acquired shares on B3 between... Continue Reading →
(OE)The Vesterhav Nord and Vesterhav Syd offshore wind farms, developed by Vattenfall with a combined capacity of 344 MW, have been officially inaugurated offshore Denmark. The two, almost identical wind farms, are located off the Danish west coast and consists in total of 41 wind turbines, each with a capacity of 8.4 MW. The capacity... Continue Reading →
Renexia, through its subsidiary Renext Solutions, has signed a front-end engineering and design contract (FEED) with Aker Solutions to design the underwater substations for Med Wind project, a 2.8 GW floating wind farm in the Mediterranean Sea. Aker Solutions will work in close cooperation with its alliance partner ABB to deliver the project scope. The... Continue Reading →
(PN) Brava Energia (formed by the merger between 3R and Enauta) announced it has received the operating license from the Brazilian Institute of the Environment (Ibama) for the Atlanta platform ship (FPSO), which will be installed in the field of the same name, in the Santos Basin. The company is now working to obtain approval... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that it has begun the procedures for the start-up of the largest natural gas processing unit (UPGN) in Brazil, located in Itaboraí, in the metropolitan region of Rio de Janeiro. On September 9th, the company obtained authorization from the National Agency of Petroleum, Natural Gas and Biofuels (ANP) for... Continue Reading →
Brazil Energy Insight 