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Petróleo Brasileiro S.A. – Petrobras, in continuation of the announcements made on 06/22/2023 and 02/08/2023, informs that the contract for the sale of the Lubrificantes e Derivados de Petróleo do Nordeste (LUBNOR) refinery, and its associated logistics assets, was terminated due to the lack of compliance with Conditions Precedent established therein until the Final Deadline... Continue Reading →
(epbr) Vale's president, Eduardo Bartolomeo, highlighted that the company, the largest individual consumer of energy in Brazil, could guarantee the demand for national green hydrogen with the production of green steel and consumption of biofuels in its fleet. Jean Paul Prates, president of Petrobras, reiterated the possibility of the company using green hydrogen, produced by... Continue Reading →
Prysmian’s new cable-laying vessel Monna Lisa has reached the hull erection stage, marking the start of assembly and preparing to be launched into the water. The addition of Monna Lisa will expand Prysmian’s installation fleet to six cable-laying vessels and will have installed the same main equipment and early implementation of lessons learned from the... Continue Reading →
By Gavin Kerr, Mammoet (OM) The drive to construct bigger FPSO and FLNG facilities is essential to improve productivity, with superior efficiency benefits to be gained compared to smaller assets. But this trend is not without challenges, including whether there is the correct construction equipment and methodologies to achieve what has been designed. Modularized construction... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors approved, at a meeting held today, the Strategic Plan for the five-year period 2024-2028 (SP 2024-28+), planning to invest US$ 102 billion over the next five years. The first plan of this administration, the SP 2024-28+ aims to prepare Petrobras for the future and... Continue Reading →
(OW) UK-based Rovco has completed all survey work on behalf of Flotation Energy and Vårgrønn for the planned Cenos floating offshore wind farm in Scotland. The Cenos floating offshore wind farm is located in the Central North Sea, 200 kilometres off the coast of northeast Scotland. The geo-environmental survey was completed over an area covering... Continue Reading →
(OW) The French Government has specified the location of two floating wind projects, around 250 MW each, and their subsequent extensions in the Mediterranean Sea. The two sets of projects of around 750 MW each, which should include a maximum of around 50 wind turbines, will be located within zones 1 and 2. In zone 1... Continue Reading →
The Finnish Government has adopted a resolution to launch the tendering procedure for five offshore wind projects in public water areas. With the government resolution, Metsähallitus will immediately launch the process to select the implementing partners for two offshore wind power projects. The competitive tendering procedures to be launched this year will concern the offshore... Continue Reading →
(OW) Chinese wind turbine manufacturer Goldwind has completed the hoisting of its GWH252-16MW unit in a “record-breaking 24 hours”, the company said via social media. By using strategies that preemptively optimised processes through stimulations, the feat not only reduced construction costs but also served as a “vital breakthrough” for scaling up offshore wind potential in future projects,... Continue Reading →
(Reuters) - Argentina's President-elect Javier Milei selected a senior energy executive to lead state oil company YPF on Wednesday, his spokesperson announced, in one of the leader's first major economic decisions after his triumph at the polls last weekend. Horacio Marin heads exploration and production for Tecpetrol, which runs the Fortin de Piedra oil and... Continue Reading →
Brazil Energy Insight 