Enel Brasil and the Government of the State of Ceará signed a memorandum of understanding to carry out technical, commercial, legal and financial feasibility studies for the future development of green hydrogen production projects in the State by Enel Green Power Brasil, an renewable generation of the Enel Group in the country. The partnership will... Continue Reading →
Three key elements of future-fit energy super basins – WoodMac
(OEM) Looking at the future of the oil and gas industry in the sustainable energy landscape, Wood Mackenzie, an energy intelligence group, has outlined three key elements of the energy super basins of the future. Ever since Russia’s attack on Ukraine, the outlook for the supply, demand, and price of fossil fuels is constantly shifting, which... Continue Reading →
Brazil, Guyana, Mexico Projects To Offset Declines In Other Areas
(Rigzone) In the coming years, upstream capex in Latin America will shift into deeper and deeper water with Brazil, Guyana, and Mexico likely to lead the charge for new spending, Rystad Energy said. While onshore investments stabilized at around $14 billion and shallow water spending continues to decline, deepwater expenditure is projected to grow at... Continue Reading →
Sempra Infrastructure, CFE consider new LNG project in southern Mexico
U.S. LNG company Sempra Infrastructure and Mexico’s state-owned utility CFE are to jointly develop energy infrastructure projects in Mexico, including the proposed Vista Pacífico LNG project, and the potential development of an LNG terminal in Salina Cruz, Oaxaca. On 21 July, Sempra Infrastructure, a subsidiary of Sempra, and Mexico’s Federal Electricity Commission (Comisión Federal de... Continue Reading →
Subsea 7 plants first cables for Hywind Tampen floating offshore wind farm
Subsea 7 has laid the first subsea cables in the water for the 94.6 MW Hywind Tampen floating wind farm offshore Norway. JDR Cable System is in charge of supplying the electric cables for the project from its factory in Hartlepool, the UK, while Subsea 7 is responsible for the installation of the cables and... Continue Reading →
Analysis: Ukraine war rekindles Europe’s demand for African oil and gas
(Reuters) - Europe's thirst for oil and gas to replace sanctioned Russian supply is reviving interest in African energy projects that were shunned due to costs and climate change concerns, industry executives and African officials said. Energy firms are considering projects worth a total of $100 billion on the continent, according to Reuters calculations based... Continue Reading →
Norsk Hydro’s renewable energy unit in supply talks in Brazil
(Reuters) - Newly launched in Brazil, aluminium maker Norsk Hydro's (NHY.OL) renewable energy unit Hydro Rein is looking to boost its presence by supplying green electricity to large industries seeking clean power, a company executive said. The Norwegian company's renewable energy unit has already invested in solar and wind power projects to supply electricity to three of... Continue Reading →
Siemens Energy Wins Its Largest Offshore Grid Connection Deal Ever
Siemens Energy has won what it says is the largest offshore grid connection order in the company's history. The order, made by Amprion Offshore, will see Siemens Energy supply two offshore wind power converter platforms at sea DolWin4 and BorWin4, and two associated stations on land. The platforms convert alternating current, as produced by wind... Continue Reading →
CGX Secures Funds for Wei-1 Exploration Well Off Guyana. Spud Date Set for October
(OE) CGX, a Toronto-based oil and gas firm focused on the Guyana-Suriname Basin, has secured funding for its next offshore exploration well in Guyana's Corentyne block by agreeing to farm out a portion of its interest to its partner Frontera. As part of the agreement, CGX will transfer 29.73% of its interest in the Corentyne... Continue Reading →
Schlumberger Lifts Revenue Forecast as Oilfield Services Demand Booms
(Reuters) Schlumberger on Friday raised its annual revenue forecast, buoyed by higher demand for its oilfield services from producers looking to raise output as oil prices surged. Global crude prices hovered above $100 per barrel in the quarter, fueled by tight supplies following sanctions on major producer Russia and energy consumption returning to near pre-pandemic levels. Schlumberger's results... Continue Reading →