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European banks risk jeopardizing the path to net-zero carbon emissions and the growth of renewable energy unless they stop directly financing new oil and gas fields this year, investors managing assets worth more than $1.5 trillion said on Friday. ShareAction said it had made the demand in letters sent to the heads of Barclays, BNP... Continue Reading →
The Single Federation of Petroleum Workers (FUP) sent President Lula and the President of Petrobras, Jean Paul Prates, a proposal that provides for an increase in the level of national content in orders for Petrobras FPSOs. According to the union, the objective is to stimulate the development of the local chain of suppliers of goods,... Continue Reading →
(PN) A bitter end for Shell in its endeavor in the Saturno block, located in the Santos Basin pre-salt layer. The company fully returned the area to the National Petroleum Agency (ANP). This information was confirmed by the regulatory body's press office. Shell was the operator of the block with a 45% stake in partnership... Continue Reading →
(Reuters) - British bank NatWest (NWG.L) said on Thursday it would immediately stop all reserve-based lending for new customers financing oil and gas exploration and extraction, before phasing it out entirely by the end of 2025. The lender's commitment comes as financial firms face greater pressure from policymakers and investors to reduce the scale of climate-damaging carbon... Continue Reading →
(OE) Renewable energy developer and fund manager Copenhagen Infrastructure Partners (CIP) intends to invest 8 billion euros ($8.6 billion) in a large offshore wind power park in Portugal that is preparing its first auction of such concessions. CIP said on Thursday in a statement it aimed to create an installed capacity of 2 gigawatts in... Continue Reading →
By David Boggs, Energy Maritime Associates (OM) The floating production construction market continued to grow in 2022, maintaining a rebound that began in 2021. As we enter a new year, the industry sentiment remains buoyant, with most respondents optimistic about the future. Recently, Energy Maritime Associates conducted its tenth annual Global Floating Production Industry Survey, which... Continue Reading →
(epbr) The government published the first names of secretaries for the Ministry of Mines and Energy (MME), under the command of Alexandre Silveira. — Pietro Mendes will be the Secretary for Petroleum, Natural Gas and Biofuels. A career server at the National Petroleum, Natural Gas and Biofuels Agency (ANP), Mendes served in the portfolio in... Continue Reading →
(epbr) Equinor has delayed, from 2024 to 2025, the forecast for the start of production in the Bacalhau field, in the pre-salt of the Santos Basin, said the company’s president, Anders Opedal. The pandemic, according to the executive, affected the project schedule as a whole in the global oil and gas industry. The Norwegian oil... Continue Reading →
U.S. maritime and logistics company Crowley said it has made a deal that could see it lease and develop an offshore wind terminal in Louisiana's Port Fourchon. The Right of First Refusal agreement was reached during Wednesday’s Greater Lafourche Port Commission (GLPC) Board Meeting in Cut Off, La. The more than 40-acre site, encompassing over... Continue Reading →
(OED) Flotation Energy and Vårgrønn have submitted a marine license application for the Green Volt floating offshore wind farm in the UK. According to the companies, the consent application could allow the project to start generating power in the mid-2020s. The two firms are applying for a lease for Green Volt under the Crown Estate... Continue Reading →
Brazil Energy Insight 