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Ireland-based floating wind developer Simply Blue Group on Thursday unveiled plans for two floating wind projects of a combined 4,75GW capacity offshore Sweden. The 2 GW Skidbladner floating wind project is located 100 km southeast of Stockholm and the 2.75GW Herkules floating wind project, is approximately 60 km Southeast of the Island of Gotland. Simply... Continue Reading →
(Reuters) - BlackRock Inc (BLK.N), JPMorgan Chase & Co (JPM.N) and other top financial firms have told a Texas official they are not boycotting energy companies, responding to a request for information that could determine if they are able to continue to manage state funds. The money managers are under pressure from a new Texas law that prohibits... Continue Reading →
(OEM) Offshore accommodation provider Prosafe has agreed with China’s COSCO Shipping on another extension of the delivery of two of its newbuild units, planning to take the delivery once contract opportunities materialize with expectations for Brazil to be the most likely location. Prosafe informed on Thursday that, as part of entering into a global agreement... Continue Reading →
(Reuters) - The government of Panama and energy companies, including SGP BioEnergy, plan to develop a major, advanced biorefinery to increase supply of lower-carbon aviation fuel, the companies said Wednesday. The move comes as the airline industry seeks to achieve a goal of zero net carbon emissions by 2050 and as governments worldwide are pressing... Continue Reading →
(Reuters) - Colombia's majority state-owned energy company, Ecopetrol (ECO.CN), on Wednesday announced an agreement to develop four offshore, deep-water blocks with a subsidiary of U.S. oil major Occidental (OXY.N). The four blocks are located in deep waters some 150 kilometers off Colombia's northern Caribbean coast, Ecopetrol said in a statement. Ecopetrol will take a 40% stake in... Continue Reading →
Deepwater Atlas, dubbed the world's first 8th generation drillship, was recently named at a ceremony in Singapore. The news of the naming ceremony, held late in April, was shared by Transocean, a drilling contractor that owns the vessel, via social media this week. The Deepwater Atlas and its sister rig Deepwater Titan will be the... Continue Reading →
(OE) Liza Unity is the second floating production, storage, and offloading unit of several expected to be deployed at ExxonMobil's Stabroek block off Guyana in the years to come. The FPSO, delivered by the Dutch FPSO specialist SBM Offshore, started producing oil in February. At peak, the FPSO will produce 220,000 barrels of oil per day. For... Continue Reading →
Technip Energies and its affiliates Kanfa and Inocean on Wednesday launched a suite of carbon-free solutions for green hydrogen production called of GO.H2TM by T.EN. "Hydrogen is integral to the energy transition, and, building on its long-lasting hydrogen and offshore track record, Technip Energies is bringing expertise into green hydrogen to meet an increasing global... Continue Reading →
The President of Petrobras, José Mauro Ferreira Coelho, said that the state company is studying investing in offshore wind energy. “We are studying an alternative to capture offshore wind energy in deep and ultra-deep waters in a long-term project”, highlighted the executive at the Global Carbon Market Congress, held in Rio de Janeiro. “In 2020... Continue Reading →
The Biden administration plans to ease sanctions on Venezuelan oil in a bid to bring more of the country’s crude to Europe. The U.S. will allow European companies still operating in Venezuela to divert more oil to the continent immediately while Chevron will be allowed to negotiate a resumption of operations in the country, according... Continue Reading →
Brazil Energy Insight 