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(Reuters) - The valuation of refineries being sold by Brazilian state-run oil company Petrobras (PETR4.SA) might face additional pressure as the country's oil regulator mulls banning the use of S500 diesel, sources familiar with the matter said. Brazil is expected to replace S500 with low-sulfur S10 diesel in the coming years, requiring large investments in some refineries... Continue Reading →
- Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award by Corio and TotalEnergies of a FEED contract for a floating wind development in South Korea. The Gray Whale 3 project is a 504MW development located around 60 to 70 kilometres offshore from Ulsan. The basic design contract will be executed in... Continue Reading →
(TN) Enauta, one of the main independent oil and gas exploration and production companies in Brazil, reinforces its operations team, especially for its project to expand production in the Atlanta field (Santos Basin). The company has hired Executive Manager Ricardo Abi Ramia, who will take care of the wells, subsea and subsea facilities. With more... Continue Reading →
The Brazilian Institute of the Environment (Ibama) granted the operating license for the shallow maritime and terrestrial sections of the Rota 3 gas pipeline. As a reminder, the Rota 3 Integrated Project covers the gas pipeline and the Natural Gas Processing Unit of the Gaslub Hub. Rota 3 has a total length of approximately 355... Continue Reading →
Brandon Ennis, Sandia National Laboratories' offshore wind technical lead, had a radically new idea for offshore wind turbines: instead of a tall, unwieldy tower with blades at the top, he imagined a towerless turbine with blades pulled taut like a bow. This design would allow the massive generator that creates electricity from spinning blades to... Continue Reading →
With passage of the Inflation Reduction Act, which contains US$370 billion for climate and energy programs, policy experts are forecasting a big expansion in clean electricity generation. One source that’s poised for growth is offshore wind power. Today the U.S. has just two operating offshore wind farms, off of Rhode Island and North Carolina, with a combined generating... Continue Reading →
(Reuters) Norway's Aker Energy said on Wednesday it would postpone submission of a development plan for its Pecan oilfield off Ghana amid concern the project could face sanctions over the war in Ukraine due to the involvement of Russian oil firm Lukoil. Aker Energy, controlled by Aker ASA, owns 50% in the deepwater block off... Continue Reading →
Fugro and the Ocean Industries Concept Lab (OICL) at Oslo School of Architecture and Design have teamed up to explore ways to harmonise maritime design by integrating digital innovation in next-generation workplaces for safe remote operations. Fugro and OICL have been looking into the application of the open-source OpenBridge user interface design system to streamline... Continue Reading →
(U) The Brazilian National Petroleum Agency (ANP) has set a date for 16 December to receive proposals in the country’s first auction featuring pre-salt acreage under the so-called permanent offer initiative. In a meeting held on 16 August, the regulator has approved the calendar for the upcoming bid round. According to the proposed timeline, companies... Continue Reading →
(Reuters) Dutch dredging and marine services firm Boskalis on Thursday slightly raised its 2022 profit outlook after a half-year earnings beat, as the West seeks to replace Russian gas with other energy sources. The group, which offers marine services and contracting for the oil and gas sector and offshore wind industry, reported core profit (EBITDA) of 292... Continue Reading →
Brazil Energy Insight 