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(PN) One of the challenges for implementing offshore wind farms in Brazil is defining the technology for transporting energy generated at sea to the continent. With this in mind, the Center for Research and Innovation in Greenhouse Gases (RCGI) began carrying out studies to understand the best technology for transmitting energy and, at the same... Continue Reading →
(OE) Green Ships Invest has signed a contract to purchase of Amogy’s carbon-free ammonia-to-electrical power systems for a fleet of new environmentally friendly platform supply vessels (PSV). Green Ships, which is designing/procuring so-called ePSVs (electrical PSVs), had signed a memorandum of understanding (MOU) with Amogy in October 2023. Under the newly signed contract, Green Ships Invest will... Continue Reading →
(Reuters) Energy firm Shell said on Wednesday it had sold its 50% stake in SouthCoast Wind Energy, established to develop wind projects off the coast of Massachusetts, to its joint venture partner Ocean Winds North America for an undisclosed sum. Offshore wind developments faced a slowdown in 2023 as rising inflation, higher borrowing costs and... Continue Reading →
(OE) One of the largest port-infrastructure companies Euroports and Spanish offshore wind developer BlueFloat Energy have signed a memorandum of understanding (MoU) to foster cooperation in supply chain and ports infrastructure for the delivery of offshore wind in Europe. The strategic alliance marks a significant step forward in building capabilities and infrastructure critical to establish... Continue Reading →
(OE) Oceaneering International has signed a strategic collaboration agreement with Global Design Innovation (GDi) to deliver digital asset management solutions for asset-intensive industries such as oil and gas, utilities, and power generation. The agreement Oceaneering signed through its Integrity Management and Digital Solutions group will allow the company to provide digital solutions, including a technology-focused... Continue Reading →
The U.S. Department of the Interior has unveiled proposal for a second offshore wind energy auction in the Gulf of Mexico, which would cover four areas offshore Louisiana and Texas. Totaling 410,060 acres, the next Gulf of Mexico offshore wind auction would have the potential to secured clean power for 1.2 million homes. With the... Continue Reading →
(Bloomberg) -- A new competitor has entered the race for a majority stake in Latin America’s leading petrochemical company Braskem. A third company is carrying out due diligence on the company, Chief Financial Officer Pedro Freitas said on a conference call with analysts on Tuesday, without disclosing the potential bidder’s name. Petrobras, the petrochemical’s second-biggest... Continue Reading →
(Reuters) - A promising area off Colombia's coast where Brazil state-run Petrobras (PETR4.SA), opens new tab is drilling this year could justify a large project to supply natural gas to the Andean country and for exports, Petrobras' head of exploration and production said on Wednesday. As oil production in Brazil's prolific presalt region is set to plateau... Continue Reading →
(Reuters) - Brazil's state-run oil firm Petrobras (PETR4.SA), opens new tab may soon move a drilling rig out of the Potiguar Basin due to lack of permits for more wells, Chief Exploration and Production Officer Joelson Mendes said on Wednesday. Petrobras has drilled one well at Potiguar, and is in the process of drilling a second one,... Continue Reading →
(Reuters) - Suriname's state-owned oil company Staatsolie has begun talks with oil majors Exxon Mobil (XOM.N), opens new tab and TotalEnergies (TTEF.PA), opens new tab to encourage joint development of natural gas fields that straddle its and Guyana's maritime borders, the head of its state oil firm told Reuters late Tuesday. The early-stage discussions are part of Suriname's efforts... Continue Reading →
Brazil Energy Insight 