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France-based clean hydrogen producer Lhyfe has launched the world’s first offshore renewable green hydrogen production demonstrator. The pilot was launched yesterday (Septmeber 22) in Saint-Nazaire, France, which will now begin an 18-month wind-powered pilot, as part its drive towards large-scale carbon reduction. It involves Lhyfe's new Sealhyfe 400 kg/day (1MW equivalent) green hydrogen producing electrolyser... Continue Reading →
Zenith Energy has made an offer to the Republic of Benin operate Block 1 containing the "largest and most prospective oilfield in the country". The shallow water block in the Gulf of Guinea contains the Sèmè oilfield, which was discovered in 1968 and produced for 14 years, but was shut-in in 1998. Now, Zenith is... Continue Reading →
Corio Generation has completed a geophysical survey at the site of its 450 MW offshore wind project in Ireland, after applying for Maritime Area Consent (MAC) in June this year with an aim to compete in Ireland’s first Offshore Renewable Electricity Support Scheme which opens in early 2023. The project is the Sceirde Rocks offshore... Continue Reading →
Floating wind developer Hexicon has appointed China's Mingyang as the preferred wind turbine generator (WTG) supplier for its TwinHub project in the Celtic Sea. Hexicon has also awarded the firm the WTG front end engineering and design (FEED) contract for the project. The 32MW project is expected to be commissioned and exporting clean power between... Continue Reading →
(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) has spent much of 2022 in turmoil, cycling through four chief executives as President Jair Bolsonaro hammered the company to bring down fuel prices. Faced with that and the likely return of a left-wing government in next month's election, some investors have moved to the sidelines. But of seven... Continue Reading →
(Reuters) - Guyana has launched a tender to choose a marketing agent for its share of Liza crude oil exports, the Natural Resources ministry said on Thursday, following the expiration of a contract with a unit of Saudi Aramco (2222.SE). A consortium by U.S. companies Exxon Mobil Corp (XOM.N) and Hess Corp (HES.N) and China's CNOOC (0883.HK) is in charge of all... Continue Reading →
(Reuters) Shell's incoming Chief Executive Wael Sawan is set to accelerate the group's drive to build its renewable energy business, including through a possible "transformative" clean power acquisition, company and industry sources said. Sawan will from January take on a firm with a strong balance sheet after a surge in oil and gas prices, but... Continue Reading →
(Reuters) - Argentine President Alberto Fernandez on Wednesday said his government plans in coming days to submit legislation to the national congress that "would give certainty" to energy producers and help advance Argentina's liquefied natural gas (LNG) agenda. The Vaca Muerta shale basin, the world's second largest unconventional gas reserve and the fourth largest oil... Continue Reading →
(WO) Radix Engineering and Software closed a R$49 million (approx. $9.5 million) contract with Petrobras to develop and maintain scientific software focused on Well Engineering and Subsea Engineering. Radix will develop software for two lots of subsea and one lot of wells, marking its return to large contracts with Petrobras. The partnership will last for... Continue Reading →
(Reuters) - Brazil's central bank on Wednesday chose to keep interest rates unchanged, pausing an aggressive monetary tightening cycle even as U.S. and European policymakers are still racing to catch up with inflation. The bank's rate-setting committee, known as Copom, decided by a vote of 7-to-2 to leave its benchmark Selic interest rate at 13.75%... Continue Reading →
