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Latin America is the region with the lowest level of readiness for the energy transition on the planet. The finding is from a new study recently published by Siemens Energy. According to the survey, countries in the region have a considerable expansion of renewable energy, but technologies such as power-to-X (synthetic fuels and green derivatives)... Continue Reading →
Offshore energy clients have been spoiled over the last 7-8 years with all types of vessels being always available at a low price, however, this could quickly change, Solstad Offshore’s CEO Lars Peder Solstad stated as the company had reported its highest-ever quarterly order intake for the fourth quarter of 2022. The fourth quarter of... Continue Reading →
(OE) Dutch marine and offshore services firm Boskalis said Tuesday it had secured a multidisciplinary role in the development of the Moray West offshore wind farm in Scotland. On behalf of its client, Ocean Winds, Boskalis said it would carry out "a large number of the activities" contributing to the development of the offshore wind... Continue Reading →
(Reuters) - BP (BP.L) said on Tuesday it plans to invest up to 2 billion euro ($2.12 billion) by 2030 in its refinery in Spain to produce low-carbon hydrogen and biofuels. The British company aims to develop a large plant to produce 2 gigawatts (GW) of green hydrogen, which is produced by splitting water using renewable energy,... Continue Reading →
(Reuters) - Spain's government on Tuesday approved its first ever delimitations for where wind farms can be developed off the country's coast, a significant step towards developing the offshore sector. Prime Minister Pedro Sanchez's cabinet approved a decree that allows for the development of offshore wind parks on 5,000 square km of maritime territory in... Continue Reading →
(Reuters) - State oil company Pemex promised late last year that it would stop burning natural gas from a major field in southeast Mexico by mid-January, amid mounting pressure to improve its poor environmental record. But satellite data analyzed by scientists exclusively for Reuters - as well as a visit by reporters to the site... Continue Reading →
(Reuters) - Brazil's state-run oil giant Petrobras (PETR4.SA) and the federal government have discussed the possibility of the firm reducing fuel prices as a way to offset the resumption of taxes levied on fuel, two sources familiar with the matter said. The finance ministry announced on Monday the government was set to resume this week the collection of federal... Continue Reading →
(Reuters) - Banks gave 81 cents in financing support to low carbon energy supply for every dollar they provided to fossil fuels in 2021, a report showed on Tuesday, but they will need to ramp up their commitments much further for the world to hit its climate goals. Several climate scenarios suggest that to limit... Continue Reading →
(Reuters) BP has decided to end the publication of the Statistical Review of World Energy after more than 70 years and will pass the benchmark report into the hands of the Energy Institute, an industry body, they said on Tuesday. The Statistical Review has been a go-to resource for the wider energy sector since it... Continue Reading →
Eni Angola, a wholly-owned subsidiary of Azule Energy, has awarded Malaysian FPSO operator Yinson with a contract to deliver a floating, production, storage and offloading (FPSO) asset for the Agogo field development located offshore Angola. Under the firm contract, Yinson will provide, operate and maintain the FPSO for the Agogo Integrated West Hub Development Project,... Continue Reading →
Brazil Energy Insight 