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(Reuters) - Brazil's state-run oil company Petrobras (PETR4.SA) will start testing new renewable diesel based on co-processed edible oils with customers in January, while awaiting regulatory approval to sell it commercially, the company's refining director told Reuters. The tests are expected to take about six months and will be backed by a fuel distributor and a bus... Continue Reading →
While many challenges remain to deliver the full promise of U.S. offshore wind, so too do opportunities. Robert Galinski, DNV’s Offshore Wind Director, Americas discusses the pace and direction of the U.S. offshore wind market from the perspective of class. (OE) While Robert Galinski has served as DNV’s Offshore Wind Director, Americas, for just about... Continue Reading →
Brazil stuck between a rock and a hard place..... (Reuters) - Brazil's former President Luiz Inacio Lula da Silva, who is currently leading in the polls ahead of next year's election, said if reelected he would seek to build a broad range of alliances in a bid to unite a deeply polarized country. In an... Continue Reading →
Malaysian FPSO contractor Yinson has signed a Letter of Intent with the Brazilian oil company Enauta Energia for the provision, operation, and maintenance of an FPSO at Enauta's Atlanta field in the Santos Basin, offshore Brazil. Enauta has been producing oil from the field using the FPSO Petrojarl I as an Early Production System, and has... Continue Reading →
(Reuters) - Oil prices slumped more than 3% on Monday as surging cases of the Omicron coronavirus variant in Europe and the United States stoked investor worries that new mobility restrictions to combat its spread could hit fuel demand. Brent crude futures fell $2.42, or 3.2%, to $71.10 a barrel by 1005 GMT while U.S.... Continue Reading →
Italian subsea power cable maker Prysmian said Friday it had secured contracts worth $900 million in the U.S. offshore wind market. Both projects have been awarded by Vineyard Wind, a joint venture between Avangrid Renewables and Copenhagen Infrastructure Partners (CIP)- Worth around $300 million, the first cabling project will connect the 804 MW Park City... Continue Reading →
After the repairs were carried out on the export pipeline’s subsea valve, the Brazilian oil and gas giant Petrobras has resumed gas production from the Manati field, located offshore Brazil. Petrobras, as the operator of the Manati field – located in the Camamu Basin, in the state of Bahia – reported last week that the production of gas... Continue Reading →
(Reuters) - A unit of U.S. oil producer Chevron Corp (CVX.N) on Friday transferred one-third of its 60%-equity interest in an offshore Suriname block for which it has a production sharing agreement to a unit of Royal Dutch Shell (RDSa.L), Suriname's state oil company said. Paradise Oil Company, a subsidiary of Suriname's state-run Staatsolie, retains its 40% stake... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has acquired the exploration and production rights of the volumes exceeding those of the Transfer of Rights in the Atapu and Sepia offshore fields in the 2nd Bidding Round for theTransfer of Rights surplus under the Production Sharing Regime, held today, by the National Agency of Petroleum,... Continue Reading →
SBM Offshore is pleased to announce that it has secured a US$620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão. The FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil. Mero is a project under Libra Consortium responsibility, in which... Continue Reading →
