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(offshore-energy.biz) With upgrades and sea trials now out of the way, a newbuild ultra-deepwater drillship is ready to embark on a voyage to Brazil, where it will begin its maiden offshore drilling assignment with the South American country’s energy giant Petrobras. Once Eldorado Drilling, an offshore drilling player backed by a group of well-known Norwegian investors,... Continue Reading →
Three new floating offshore wind projects have signed contracts with Norway's test facility METCentre to trial new technologies aimed at reducing costs of floating offshore wind. The companies that have signed with METCentre will demonstrate floaters with 15 + MW turbines. This is the turbine size that will be relevant for future floating offshore wind... Continue Reading →
(Zacks) TotalEnergies SE TTE unveiled its long-term strategy and outlook, reaffirming the need for a balanced multi-energy strategy considering the developments in the oil, gas and electricity markets. Given the ongoing transition in the energy space, the company will generate more clean electricity from renewable sources.TotalEnergies plans to increase its global energy production by 4% per... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras reports that the Total Utilization Factor (FUT) of its refineries reached 96.8% in September, representing the highest monthly result in 2024. As a result, the accumulated FUT for the third quarter of the year (3Q24) reached 95.2%. The third quarter of this year also registered a record in the processing... Continue Reading →
(TN) The Minister of Mines and Energy, Alexandre Silveira, announced the availability of approximately R$6 billion in investments for decarbonizing the industry through hydrogen hubs around the world. The initiative is in partnership with the Climate Investment Funds (CIF). The international fund will provide low-cost financing to leverage projects in the sector. The announcement was... Continue Reading →
(Reuters) - Brazilian state-run oil firm Petrobras (PETR4.SA), opens new tab has been able to provide Brazilians with price stability despite market volatility caused by an escalation of the conflict in Middle East, its top executive said on Thursday. In an interview with Reuters, CEO Magda Chambriard said Petrobras' commercial strategy allows it "to offer competitive prices... Continue Reading →
(Bloomberg) Petrobras is nearing a deal with Brazil regulators allowing it to move forward with plans to redevelop the massive Tupi oil field that could reinvigorate the country's stalled production, the company's head of exploration and production Sylvia dos Anjos told Bloomberg on Friday. The company expects to resolve a long-running tax dispute with regulator ANP by year-end... Continue Reading →
(Reuters) - BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40%... Continue Reading →
(Reuters) The Norwegian government proposed on Monday to offer up to 35 billion Norwegian crowns ($3.29 billion) in subsidy payments in the country's first commercial floating wind power tender, in line with a compromise reached earlier this year. "Norway has enormous potential for floating offshore wind on its continental shelf, but because the technology is... Continue Reading →
(OE) Equinor has acquired a 9.8% stake in Ørsted, becoming the second largest shareholder in the company after the Danish State, which holds a controlling stake. Equinor's ownership position has been built over time, through a combination of market purchases and a block trade. The current market value of Equinor's holding in Ørsted is around... Continue Reading →
Brazil Energy Insight 