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(Reuters) - Brazilian state-run oil company Petrobras on Monday announced its first gasoline price hike in almost a year, and also hiked the price of gas used for cooking and heating. In a statement, the oil giant announced it will boost gasoline prices for distributors by 7% starting on Tuesday. Petrobras shares closed up more... Continue Reading →
(Reuters) Britain's renewables industry has called on the new Labour government to increase the country’s renewable auction budget by hundreds of millions of pounds to help meet its offshore wind target and wider goal to decarbonize the power grid. Labour swept to victory in Britain’s election last week and the party has pledged to expand... Continue Reading →
Philip Lewis, Contributor (OE) U.S. offshore wind aspirations, both federal and state, have resulted in excitement about the potential opportunity of a large U.S. offshore wind market. But uncertainty, initially financially driven and increasingly a result of political uncertainty, is leading us into a challenging period, which will undoubtedly impact short-term activity, according to the latest... Continue Reading →
(TN) In June 2024, the FPSO Cidade de Campos dos Goytacazes MV29 celebrated six years since it produced the first oil in the Tartaruga Verde and Tartaruga Mestiça Fields of the Campos Basin. The start of this operation represented a new moment for MODEC, due to its production capacity, weight (108.7 thousand tons) and size... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3:RRRP3), in accordance with CVM Resolution No. 44, informs its investors and the market in general that has signed a Memorandum of Understanding (“MOU”) with PetroReconcavo S.A. (“Petroreconcavo”) to evaluate the sharing of the natural gas flow, compression, measurement and processing infrastructure owned by 3R in... Continue Reading →
(OE) Italian cable maker and installation services provider Prysmian has completed sea trial tests for ultra-deep installation of High Voltage Direct Current Mass Impregnated (HVDC MI) subsea cable at water depth of 2,150 meters. This is an industry record breaking installation, as it is the first time an HVDC cable is laid at such a... Continue Reading →
(Reuters) - Grupo Carso, the Mexican holding company controlled by the family of Mexican mogul Carlos Slim, said on Friday that it has signed an exploration and extraction services contract with state oil firm Pemex for the stalled Lakach natural gas project. With the contract, Grupo Carsobecomes Pemex's partner to develop the project after its... Continue Reading →
(Offshore-energy.biz) After six years of development, sustainability consultancy ERM has launched offshore trials to test its Dolphyn Hydrogen process which combines electrolysis, desalination, and hydrogen production on a floating wind platform, marking the first time hydrogen has been produced from seawater in a marine environment in the UK. The trials conducted in Pembroke Port, South... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R”) and ENAUTA PARTICIPAÇÕES S.A. (“Enauta” and, jointly with 3R, the “Companies”), under the terms of CVM Resolution No. 44, August 23, 2021, following the material facts disclosed on April 1 and 9, 2024, May 17 and 22, 2024, and June 26, 2024, regarding the transaction involving the merger... Continue Reading →
(Oil Now) Guyana is set to welcome a trailblazing new floating production, storage and offloading (FPSO) vessel next year. The ONE GUYANA vessel, being constructed by SBM Offshore, is targeting the highest initial oil production observed in the industry for an FPSO—250,000 barrels per day (b/d). The FPSO is destined for the ExxonMobil-operated Stabroek Block.... Continue Reading →
Brazil Energy Insight 