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(Reuters) - Brazil's incoming government will look to revoke a decision to keep the mandatory blend of biodiesel in diesel at 10% until March 31, 2023, a member of the transition team for President-elect Luiz Inacio Lula da Silva said on Tuesday. Senator Carlos Favaro said the Lula administration would "reaffirm" its commitment with the... Continue Reading →
(Reuters) - The transition team for Brazil's President-elect Luiz Inacio Lula da Silva asked the current administration to halt ongoing asset sales by state-run oil giant Petrobras (PETR4.SA) until a new Mines and Energy Minister is appointed, a member of the group said on Tuesday. The remarks by Professor Mauricio Tolmasquim, tapped last week to participate in the mining... Continue Reading →
Dutch metal construction company HSM Offshore has won a contract to build the first electrified ONE-Dyas N05-A gas production platform in the North Sea which will run entirely on offshore wind power. The N05-A project is part of the so-called GEMS area, an area approximately 20 to 80 kilometres north of the Ems estuary. ONE-Dyas,... Continue Reading →
(OM) IberBlue Wind plans to develop its first offshore wind project off the Iberian Peninsula offshore Andalusia, southern Spain. The Nao Victoria floating wind farm was named after the ship of the Magellan-Elcano expedition that completed the first circumnavigation of the Earth in the 16th century. The wind farm will stretch across a 310-sq-km area in the Alboran... Continue Reading →
(OED) Danish offshore wind installation services firm Cadeler has ordered its second F-class vessel, a hybrid design allowing the vessel to convert from being a foundation installation unit to a wind turbine generator installation vessel within a short period of time. This is the sixth vessel that Cadeler will have in its fleet, tripling its... Continue Reading →
Bureau Veritas, a testing, inspection, and certification company, will work with the Korean Register (KR) to certify Bada Energy's Gray Whale 3 floating offshore wind farm project in Ulsan, South Korea. Gray Whale 3 floating offshore wind farm is a product of a partnership between Corio Generation, a Green Investment Group company, and the French... Continue Reading →
Mexican state oil company Pemex expects a key offshore natural gas field located in the deepwater Gulf of Mexico will add significant output after inking a service contract on Monday, part of a push to grow local output while reducing imports. Pemex announced in a statement that the deepwater Lakach field will pump 300 million... Continue Reading →
(PN) The Ministry of Mines and Energy gave the seal of “priority” to the project to implement the new FPSO in Enauta's Atlanta field, located in the Santos Basin. As a reminder, the new platform will be used in the field's definitive production system. The FPSO OSX-2 (renamed FPSO Atlanta), which will be used in... Continue Reading →
(PN) Australian Karoon Energy announced that it has concluded the drilling of the PAT-2 well in the Patola prospect, located in the Santos Basin. The well was drilled with the Noble Developer rig (formerly known as Maersk Developer) and reached a total depth of 2,313 meters. According to the company, the preliminary interpretation of the... Continue Reading →
(OP) LNG exports are already outpacing U.S. exports to Mexico—compared to lower-than-Mexico exports five years ago. Next year, U.S. LNG exports are set to further increase from the current around 11 billion cubic feet per day (Bcf/d), and to continue growing all the way through 2033, nearly tripling to reach 29 Bcf/d, according to WoodMac.... Continue Reading →
Brazil Energy Insight 