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(OW) California’s Governor Gavin Newsom signed two new offshore wind bills into law on 7 October. Coming into effect on 1 January 2024, the Offshore Wind Expediting Act (bill SB 286) is set to shave five years off of the offshore wind permitting timeline, while under the California Offshore Wind Advancement Act (bill AB 3),... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that in September its refining units reached 97% utilization for the second consecutive month. As a result, the Total Utilization Factor (FUT) of the refineries in 3Q23 reached 95.8%, the best result since 2014. The largest refinery in the country, the Paulínia Refinery (Replan), broke its utilization record, processing... Continue Reading →
The world’s largest offshore wind farm under construction, Dogger Bank, has started producing electricity for the first time for British homes and businesses. The 3.6 GW Dogger Bank Wind Farm is being constructed in UK waters some 130 kilometres off the coast of Yorkshire and in three 1.2 GW phases known as Dogger Bank A,... Continue Reading →
(OM) Oceaneering's wholly owned subsidiary Marine Production Systems do Brasil Ltda. has secured a five-year contract from Petrobras for the operation of three existing drillpipe riser systems to support intervention and completion operations in Brazil. Petrobras also has the option to add a fourth drillpipe riser system by notifying Oceaneering prior to mid-December 2023. The contract... Continue Reading →
(OE) Despite the negative headlines around the longer-term prospects for the U.S. offshore wind segment, business intelligence company Intelatus Global Partners sees continued efforts by the federal government and, in particular, the East Coast states to find solutions to the challenges faced by the industry as whole, which can be grouped under three headings: high... Continue Reading →
By Julia Borges da Mota Partner at Murayama, Affonso Ferreira e Mota Advogados. (TN) On October 10th, the deadline for submitting proposals in a large-scale tender promoted by Petrobras ends. This tender focuses on the charter of up to 12 OSRV type vessels, all Brazilian flag. The charter process will follow the modality known as "time... Continue Reading →
by Anne Haase, Renewables Director at Aquaterra Energy. (OW) Europe is currently driving plans forward to significantly decarbonize industry and accelerate its journey to a low carbon economy. Hydrogen is core to that decarbonization strategy, with infrastructure projects being developed conceptually to support transmission and distribution across Europe, the UK and wider. The market has traditionally... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that in a session held yesterday, the First Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Board of Tax Appeals (CARF), rejected the appeal filed by the company and decided that IRPJ and CSLL taxes are due on the profits of its foreign... Continue Reading →
(PN) Petrobrss notified the National Petroleum Agency (ANP) this week about the discovery of signs of oil in well 3-BRSA-1388DA-SPS, in the Sagitario prospect, within block S-M-623, in the Santos Basin. The discovery took place in a water depth of 1,866 meters. This is the second extension well in the area, which began to be... Continue Reading →
(Reuters) Macquarie is considering selling its 25% stake in Race Bank, a 573-megawatt offshore wind farm located off Britain's Norfolk coast, according to two sources with knowledge of the matter. The infrastructure group is working with advisors on the sale, which could value the wind farm at up to 3 billion pounds ($3.66 billion), one of... Continue Reading →
Brazil Energy Insight 