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(OW) Japanese-based Mitsui O.S.K Lines (MOL) and its compatriot Toyo Construction have established a joint venture focusing on offshore wind power generation. Through the joint venture, the companies said that they will create stronger synergies in a wide range of areas related to offshore wind, including survey planning, procurement of work vessels, and offshore construction.... Continue Reading →
(Reuters) - A Guyana Appellate Court judge on Thursday temporarily stayed a lower court's order requiring Exxon Mobil (XOM.N) and partners in offshore oil production to provide an unlimited guarantee to cover potential oil spills. The stay lifts a cloud over oil production at the nation's first offshore oil platform. Exxon had said that if the stay... Continue Reading →
(PN) Petrobras' refineries operated at 95% of their total operating capacity in May. This is the company's best monthly result since July 2015. On some days, in the second half of the month, the level even exceeded 99%. The historic result was achieved even with scheduled maintenance stoppages at RPBC (Cubatão, SP), Refap (Canoas, RS),... Continue Reading →
(Reuters) - Renewable energy group Orsted (ORSTED.CO) will invest 475 billion Danish crowns ($68 billion) to achieve a 2030 goal to install 50 gigawatts (GW) of power capacity, it said in an investor update on Thursday. The Danish company said the plans were fully self-funded and it expected to exceed goals set in 2021 for earnings before... Continue Reading →
Denmark has approved a new Marine Plan which will abolish the open door offshore wind auction scheme and terminate 24 out of the 33 offshore wind projects proposed under the scheme. Under the new Marine Plan, Denmark plans to increase the sea area reserved for the development of renewable energy projects and energy islands from... Continue Reading →
3R PETROLEUM ÓLEO E GÁS S.A. (“3R” or “Company”) (B3: RRRP3), in addition to the Material Fact of May 19, 2023, informs its investors and the market in general that, on June 7, 2023, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) approved the transfer of the entire stake (100%) of Petróleo Brasileiro S.A.... Continue Reading →
(PN) OneSubsea, which is part of the SLB group (formerly Schlumberger), signed a new contract for the supply of subsea equipment for Petrobras. The new agreement encompasses the delivery of 15 wet Christmas trees and electro-hydraulic distribution units in phase 11 of the Buzios field, in the Santos Basin. The contract has an estimated value... Continue Reading →
Today, Ørsted and Vestas, global leaders in renewable energy, are announcing a commercial sustainability partnership. Ørsted will procure low-carbon steel wind turbine towers and blades made from recycled materials from Vestas in all joint offshore wind projects. The deployment of offshore wind is crucial to enhancing energy security, advancing affordable energy for all, and not... Continue Reading →
- PRIO S.A. (“Company” or “PRIO”) (B3: PRIO3), following best practices incorporate governance and transparency, informs its preliminary and non-audited Operational Data for the month of May. Key: (1) The figures refer to PRIO's 90% interest in Albacora Leste, assuming production throughout the month. As the acquisition’s closing happened on January 26, 2023, the field... Continue Reading →
(OW) The first GE Haliade-X blades for the 800 MW Vineyard Wind offshore wind farm have arrived at the New Bedford Marine Commerce Terminal in Massachusetts, USA. The 107-metre-long blades arrived on the Rolldock Sky heavy load vessel, which is currently docked in the Port of New Bedford, according to the latest AIS data. A couple of weeks ago,... Continue Reading →
Brazil Energy Insight 