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(Reuters) - A global coalition of industrial companies said on Thursday it has boosted a target for emissions-cutting hydrogen generated with renewable power such as wind and solar energy. Companies and governments have touted green hydrogen, derived from water using electrolyzers powered by renewable energy, as a way to cut carbon emissions. But it now... Continue Reading →
(Reuters) - A top U.S. official on Thursday challenged nations to join the United States in setting aggressive goals to expand electricity production from offshore wind. Interior Secretary Deb Haaland issued the call during an appearance at the United Nations climate change conference in Glasgow, Scotland. The administration of President Joe Biden has moved swiftly... Continue Reading →
The list of the first companies that were approved for the second auction of surpluses from the Transfer of Rights, scheduled for December 17th, was released. The Special Bidding Commission of the National Petroleum Agency (CEL/ANP) gave the approval to eight companies during a meeting held this week. According to the regulatory body, the list... Continue Reading →
Completion of the tieback between the Polvo and Tubarão Martelo fields, in the Campos Basin, allowed for a reduction in operating costs ("OPEX") of US$ 50 million per year The third quarter results evidenced PetroRio's successful strategy of increasing production levels and rationalizing costs, with excellence in environmental responsibility, safety and operational efficiency. The largest... Continue Reading →
Offshore accommodation rig provider Prosafe has achieved the highest quarterly fleet utilisation rate since 2019, nearly quadrupling its revenues and shrinking net loss when compared to the third quarter last year. In its 3Q 2021 report on Thursday, Prosafe said that its fleet utilisation rate in the third quarter of 2021 was 70.9 per cent compared to... Continue Reading →
The governor of Ceará, Camilo Santana in Munich, Germany, an agreement with the German multinational Linde to implement a green hydrogen plant in Ceará. The largest global company in the production of industrial gases and engineering, Linde is represented in South America by White Martins. This is the 12th memorandum of understanding signed by Ceará... Continue Reading →
With the largest fleet of tugs in Brazil, the company stands out in towing operations for the O&G sector With the recent demand and oil prices recovery in the international market, large companies are starting to move forward with new projects. A study carried out by Wilson Sons, the largest integrated operator of port and... Continue Reading →
(PetroleoHoje) ExxonMobil is planning higher capex for the year 2022 due to the Yellowtail and Bacalhau projects, located in Guyana and Brazil, respectively, said senior vice president and CFO Kathy Mikells. If approved by Exxon's board of directors, next year's capex will jump from the current level of $16 billion to $19 billion to $20... Continue Reading →
(Reuters) - Finding themselves at the sharp end of a global inflation shock, emerging market central banks are expected to raise interest rates at a pace not seen in more than a decade -- moves bound to aggravate debt problems and hurt equity markets. Soaring price pressures have seen rate hike expectations shift up even... Continue Reading →
(Bloomberg) --As world leaders discuss the fight against climate change, global oil demand has bounced back above the key level of 100 million barrels a day last seen before the Covid-19 pandemic, according to BP Plc. Fossil fuel consumption is recovering despite growing urgency in the effort to curb emissions of greenhouse gases. The resurgence... Continue Reading →
