Wave Power – The Pelamis Concept
Wave energy is produced when electricity generators are placed on the surface of the ocean. The energy provided is most often used in desalination plants, power plants and water pumps. Energy output is determined by wave height, wave speed, wavelength, and water density. Waves are generated by the wind as it blows across the sea surface, so that energy is transferred from the wind to the waves. Wave energy is sometimes confused with tidal energy, which is quite different. Waves travel vast distances across oceans at great speed. The longer and stronger the wind blows over the sea surface, the higher, longer, faster and more powerful are the waves.
Portuguese Investment in Brazil’s Pre-Salt
Galp Energy, which is Portugal’s major O&G operator, is aiming at increasing its investments in Brazil through acquisition of new block during Petrobras’ pre-salt bidding round next October. Galp is already considered a preferred partner by Petrobras as can be seen by the fact that Galp currently partners Petrobras in four deepwater pre-salt blocks in the Santos Basin, with the biggest blocks being Lula and Cerambi, both large pre-salt plays, which are producing. Earlier this year Galp again partnered Petrobras in acquiring nine blocks in the Parnaíba, Potiguar and Barreirinhas Basin, during the 11th bidding round which mainly encompassed block along Brazil’s Northeast Coast and Equatorial Margin.