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(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 →
(OET) Brazilian oil and gas giant Petrobras has awarded Norwegian seismic company PGS with a 4D production contract over the Barracuda-Caratinga field in the Campos basin offshore Brazil. The Ramform Victory will most likely be rigged to acquire the Barracuda-Caratinga 4D survey, supported by PGS Apollo as a source vessel, the Norwegian company said. Mobilization is scheduled to start in the... Continue Reading →
(OE) NOV has signed contracts with China's CIMC Raffles to design and equip a self-propelled wind turbine installation jack-up vessel for the Norwegian offshore wind services company Havfram NOV, until recently known as National Oilwell Varco, will supply the GustoMSC NG-20000X wind installation vessel design. NOV entered the offshore rig & vessel design arena through the... Continue Reading →
(OE) German renewable energy firm RWE has selected Port of Blyth as offshore construction base for its 1.4 GW Sofia Offshore Wind Farm, one of the world’s largest offshore wind projects. "Commissioned in December 2000, Blyth was home to the UK’s first offshore wind turbine pilot project, operated at the time by E.ON Climate and... Continue Reading →
(OE) Swedish energy firm Vattenfall said Wednesday that the capacity for the Norfolk Offshore Wind Zone in the UK would be increased to more than 4 4.2 GW. Vattenfall said that the expansion would not have any extra impact on local residents, with the construction taking place within existing plans. Vattenfall says that the capacity... Continue Reading →
Brazil Energy Insight 