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3R PETROLEUM ÓLEO E GÁS SA ("3R" or "Company") informs its investors and the market in general that, on December 22, 2022, the National Agency of Petroleum, Natural Gas and Biofuels (“ANP”) approved the transfer of 62.5% stake in the concession rights over the Papa Terra production field (“Papa Terra Cluster” ), held by Petróleo... Continue Reading →
(Reuters) - Brazilian President-elect Luiz Inacio Lula da Silva will appoint Senator Jean Paul Prates of his Workers Party to be the next chief executive of state-run oil company Petrobras (PETR4.SA), a member of his transition team said on Thursday. Deyvid Bacelar, the head of oil workers' union FUP, revealed Lula's choice on social media minutes... Continue Reading →
Marubeni said Thursday it had started commercial operation at the Noshiro Port offshore wind farm in Japan on December 22, 2022, based on the feed-in tariff program for renewable energy. Marubeni Corporation has been implementing this first utility-scale offshore wind power project in Japan at Akita Port and Noshiro Port in Akita Prefecture, through the... Continue Reading →
Italian oil giant Eni has signed a contract with China's Wison Heavy Industry for the construction and installation of a Floating Liquefied Natural Gas (FLNG) unit with a capacity of 2.4 MTPA (million tons per annum). The FLNG will be deployed offshore the Republic of Congo. The 380-meter-long and 60-meter-wide vessel will be anchored at... Continue Reading →
(Bloomberg) -- Petrobras’s new management should carry out a two-month review of the oil giant’s business plan to bring it more into line with Brazilian President-elect Luiz Inacio Lula da Silva’s wider policy goals, according recommendations from Lula’s transition team. The energy experts who worked on Lula’s transition concluded that Petrobras’s existing $78 billion five-year... Continue Reading →
RWE and Harbour Energy have established a partnership to investigate options to capture, transport and store CO2 from RWE’s gas-fired power stations via Viking CCS, Harbour Energy’s CO2 transport and storage network. The partnership is expected to lead to the transportation and storage of captured CO2 from RWE’s 1.7 GW Staythorpe Combined Cycle Gas Turbine (CCGT) power station... Continue Reading →
Poland and the three Baltic countries, Estonia, Latvia and Lithuania, present a significant opportunity to expand offshore wind generation beyond the Baltic waters of Denmark, Germany and Sweden. Driven by the need to decarbonize energy supply and increase energy security, Poland and the Baltics can be seen as both a single opportunity for the supply... Continue Reading →
(Reuters) - Octopus Energy’s generation arm said on Thursday it is investing in Spanish-headquartered renewables developer FF New Energy Ventures (FFNEV) to expand activities in Spain and enter the Portuguese market for the first time. The investment also aims to accelerate expansion into Latin America in the future, the firm said. Financial details of the... Continue Reading →
(Reuters) - The green hydrogen express is gathering pace, but it may have a worrying problem with leaks. As governments and energy companies line up big bets on the much-touted fuel of the future, some scientists say the lack of data on leaks and the potential harm they could cause is a blind spot for... Continue Reading →
Nigeria plans to hold a mini-bid round for seven offshore blocks next year to spur new exploration, the petroleum regulator said on Wednesday, the first round after Africa's top oil exporter passed new fiscal regimes for its oil and gas sector. The last mini-bid round held in April 2007 under the old regulatory regime offered... Continue Reading →
Brazil Energy Insight 