NH3 FPSO Concept: Floating ‘Green’ Ammonia Poduction gets DNV AIP

An industrial-scale concept for a floating production unit to produce green ammonia has secured Approval in Principle (AiP) from DNV, and the project is now ready to start the Basic Design phase. The NH3 FPSO concept is being developed by Netherlands-based SwitchH2 BV and Norway-based BW Offshore and will be built through conversion of an existing Very Large Crude Carrier (VLCC) or a dedicated newbuild vessel. Receiving power... Continue Reading →

March 10, 2023 0

Suspension of the sale of Petrobras assets could affect contracts worth US$ 2 billion

(epbr) The temporary suspension of the sale of Petrobras assets, requested by the government, involves a list of deals in progress and about US$ 2 billion in contracts already signed and which are still waiting for an outcome. The president of Petrobras, Jean Paul Prates, said last week that he sees the request as an... Continue Reading →

March 10, 2023 0

Results ‘above all expectations’ as Prysmian reports best year ever

Italian cabling giant Prysmian Group has reported that 2022 was its best year ever in terms of financial results as its profits and cash generation had grown by over 50 per cent. For 2022, Prysmian’s adjusted EBITDA amounted to €1,488 million, representing a +52.5 per cent growth compared to 2021, while group net profit soared... Continue Reading →

March 10, 2023 0

GE’s Investors Seek Solutions to Renewable Energy, Supply Chain Challenges

When General Electric Co's investors gather on Thursday, the focus will be on the company's loss-making renewable energy business as well as persistent supply-chain challenges at its aerospace unit. A $100 billion reduction in debt since 2018, coupled with a successful spin-off of its healthcare business and strong demand at its aerospace business, have shored... Continue Reading →

March 10, 2023 0

Helix Books Siem Topaz AHTS for Offshore Wind Work in Taiwan

Norwegian offshore vessel owner Siem Offshore has secured a medium-term contract for the AHTS Siem Topaz for client Helix Robotics Solutions Inc. in Taiwan. The contract will start during March 2023. The contract has a firm period reaching into the fourth quarter of 2023. Siem Offshore said the vessel would be employed for a project... Continue Reading →

March 10, 2023 0

Eight Years After Deadly Explosion Offshore Brazil, BW Offshore Finds Buyer for Laid-up FPSO

(OE) Oslo-listed FPSO provider BW Offshore has agreed to sell the laid-up FPSO BW Opportunity to an undisclosed third party for $125 million. BW Offshore said Friday that the sale was subject to conditions precedent and is expected to be completed by the end of the first quarter of 2023. In parallel, BW Offshore said... Continue Reading →

March 10, 2023 0

3R Petroleum 2022 Earnings Release

3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby presents its results for the fourth quarter (“4Q22”) and year of 2022. Except as indicated otherwise, the financial and operational information herein described is presented on a consolidated basis, in Brazilian Reais (R$), and in accordance with International Financial Reporting Standards (IFRS). HIGHLIGHTS... Continue Reading →

March 9, 2023 0

Petrobras on agreement with Shell

Petróleo Brasileiro S.A. - Petrobras announces that its CEO Jean Paul Prates, and Wael Sawan, Shell´s CEO, signed today a Memorandum of Understanding, during CERAWeek, in Houston, in order to encourage discussion and collaboration between the companies. The companies will work together on identifying potential upstream opportunities, sharing experience and best practices on reducing carbon... Continue Reading →

March 9, 2023 0

RWE Selects Siemens Gamesa’s Recyclable Blades for Sofia Offshore Wind Farm

German renewable energy company RWE has selected Siemens Gamesa's offshore wind turbines with recyclable blades for its Sofia offshore wind farm in the UK. Siemens Gamesa said it would supply 44 SG 14-222 DD (14MW) wind turbines with 132 recyclable blades. The order comes after, in 2022, RWE became the first commercial, large-scale offshore developer to install... Continue Reading →

March 9, 2023 0

Big Oil on hydrogen: forget the rainbow, just make it profitable

(Reuters) - Governments worldwide need to simplify rules around hydrogen supply to attract investment and scale it up to become competitive enough to substitute fossil fuel use in heavy industry, energy executives said this week. Hydrogen as a potential alternative to natural gas, coal or oil burned in heavy industry or shipping is seen as... Continue Reading →

March 9, 2023 0

Brazil Energy Insight

NH3 FPSO Concept: Floating ‘Green’ Ammonia Poduction gets DNV AIP

Suspension of the sale of Petrobras assets could affect contracts worth US$ 2 billion

Results ‘above all expectations’ as Prysmian reports best year ever

GE’s Investors Seek Solutions to Renewable Energy, Supply Chain Challenges

Helix Books Siem Topaz AHTS for Offshore Wind Work in Taiwan

Eight Years After Deadly Explosion Offshore Brazil, BW Offshore Finds Buyer for Laid-up FPSO

3R Petroleum 2022 Earnings Release

Petrobras on agreement with Shell

RWE Selects Siemens Gamesa’s Recyclable Blades for Sofia Offshore Wind Farm

Big Oil on hydrogen: forget the rainbow, just make it profitable

Archives

Contact Us