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(Reuters) - Considerable private investment is required to scale up the low-carbon hydrogen economy in the United States by 2030, a report by consultancy Wood Mackenzie said on Tuesday, adding that the $7 billion allotted by the U.S. Department of Energy (DoE) to regional hubs was a significant step. Last week, the Biden administration announced... Continue Reading →
(Reuters) - Exxon Mobil Corp. (XOM.N) expects to make a final investment decision on its sixth oil project in Guyana by the first quarter of 2024, the company's country chief Alistair Routledge said on Tuesday. In August, Exxon and partners proposed a plan to spend $12.93 billion to develop the Whiptail offshore oil project. The floating production... Continue Reading →
ANP published the executive summary of the new development areas of Raia Manta and Raia Pintada, originating from recent declarations of commerciality for block C-M-539, in the Campos Basin. The block is operated by the company Equinor Energy do Brasil Ltda., which sent the commerciality declarations to the ANP on 9/20. Block C-M-539, arising from... Continue Reading →
(OE) Norwegian ports investing in offshore wind can generate NOK 8.4 billion (currently ~766 million) in annual value and employ approximately 6,400 people by 2030, a new report from Menon Economics has found. The report was commissioned by Norwegian Offshore Wind, Eksfin, Invest in Rogaland, Invest in Bergen, and Invest in Agder. The study... Continue Reading →
(OE) TotalEnergies and its partner SSE Renewables said Tuesday that their Seagreen offshore wind farm, Scotland's largest and the world’s deepest fixed-bottom wind farm, is now fully operational and running at its design capacity of 1,075 MW. Seagreen is a joint venture between TotalEnergies (51%) and SSE Renewables (49%). It is located in the North... Continue Reading →
(OET) Brazilian state-owned oil and gas giant Petrobras has awarded compatriot offshore oil and gas services provider Ocyan with a contract to carry out the revitalization of a network of gas pipelines in the Campos Basin. The contract, valued at approximately $317.49 million, is expected to last four and a half years and will revamp the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it broke its quarterly record for operated oil and gas production in the third quarter of this year, with 3.98 MMboed (million barrels of oil equivalent per day), 7.8% above the second quarter. It also achieved a monthly record for operated production in September, with a volume of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it broke its quarterly record for operated oil and gas production in the third quarter of this year, with 3.98 million barrels of oil equivalent (boe), 7.8% above the second quarter. It also achieved a monthly record for operated production in September, with a volume of 4.1 million... Continue Reading →
(TN) The National Petroleum Agency (ANP) released the list of 33 sectors with exploratory blocks and an area with marginal accumulation that will be in the auction of the 4th Cycle of the Permanent Concession Offer, which is scheduled for December 13th. The auction will have blocks offered in the following basins: Amazonas, Espírito Santo,... Continue Reading →
(OE) German energy firm RWE has launched its first global “Floating Wind Co-use Competition”, as it is looking for solutions to promote the co-existence of floating wind farms with other sea users and biodiversity enhancement. Sven Utermöhlen, CEO RWE Offshore Wind: “We are one of the world leaders in offshore wind and are diligently working on... Continue Reading →
Brazil Energy Insight 