(Valor) World leader in wind turbines, Danish Vestas intends to be an important player in the Brazilian offshore wind energy market. This new front has started to engage and should gain regulation by the end of the year. In an interview to Valor, the company's global CEO, Henrik Andersen, highlighted offshore wind and green hydrogen... Continue Reading →
No Plans to Join OPEC, Brazil’s Energy Minister Says
Brazil has no plans to join the Organization of the Petroleum Exporting Countries (OPEC) for now, although it is working with the producer group, its energy minister said on Wednesday. Brazilian President Jair Bolsonaro said in 2019 he wanted his country to join OPEC, a move that would likely require Brazil, a growing producer and... Continue Reading →
Analysis: Will gasoline prices drop in 2022? It depends on OPEC and U.S. shale
(Reuters) - Whether fuel pump prices fall in 2022 depends on two groups of producers who are struggling to increase oil output in the wake of the pandemic: OPEC and its allies and U.S. shale firms. The global oil industry's slow response to the surging demand in 2021 has contributed to soaring energy costs and... Continue Reading →
TotalEnergies’ well flow test off Suriname supports hopes for oil development hub
French energy major TotalEnergies and its partner APA Corporation have recently completed a flow test at an appraisal well in Block 58 offshore Suriname, confirming an excellent quality black oil reservoir, but failed to find commercial hydrocarbons at the latest exploration well there. However, success at their next planned exploration well on the block could... Continue Reading →
SBM Offshore to Build Fourth FPSO for Exxon in Guyana
Dutch FPSO specialist SBM Offshore has won contracts to perform Front End Engineering and Design (FEED) for an FPSO for Exxon's Yellowtail development offshore Guyana. The FEED contract for what will be Guyana's fourth FPSO, and fourth delivered by SBM Offshore, triggers the initial release of funds by ExxonMobil to begin FEED activities and secure... Continue Reading →
Petrobras on natural gas flow and processing
Petróleo Brasileiro S.A. – Petrobras informs that it signed today with Potiguar E&P S.A. (Potiguar E&P), a subsidiary of PetroReconcavo S.A., contracts for the flow and processing of the natural gas produced onshore by Potiguar E&P in the state of Rio Grande do Norte. The contracts include the right of use of the Guamaré Natural... Continue Reading →
SBM ADVANCES IN THE CONSTRUCTION OF FPSOS FOR BRAZIL, BUT FEELS IMPACTS OF THE SUPPLY CHAIN
With an important portfolio of projects for the Brazilian market, SBM Offshore is advancing in the construction of three FPSOs for the country. Despite facing logistical challenges caused by the covid-19 pandemic, the Dutch company achieved two important milestones in the works of the platform ships Almirante Tamandaré (Buzios 6) and Alexandre de Gusmão (Mero... Continue Reading →
MPS hires Principia for floating wind and wave engineering job
Marine Power Systems (MPS) has appointed Principia as lead contractor on detailed design and engineering of the floating platform that will support both wind and wave energy generating devices. Principia, part of the Artelia Group, has a dedicated offshore engineering team who has been working on offshore projects for over 40 years. The company brings... Continue Reading →
Offshore wind cable market to grow six-fold this decade – RenewableUK
The market for offshore wind farm cables is set to grow six-fold over the course of this decade, according to a new report published by RenewableUK. The global market for subsea power cables is divided between array cables which run between the turbines of an offshore wind farm connecting them to the offshore substation, and... Continue Reading →
Petrobras’ expenses with interest and debt charges fall by more than 30% in 12 months
(TNPetroleo) Petrobras is significantly reducing the amount of interest and charges on its financial debt. Expenses with these financings dropped to US$ 669 million in the 3rd quarter of 2021, 31.1% lower than the US$971 million spent in the 3rd quarter of 2020. When comparing the first nine months of 2021 with the same period... Continue Reading →
