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(Reuters) - Leftist Luis Inacio Lula da Silva on Sunday defeated President Jair Bolsonaro in an election runoff that marked a stunning comeback for Lula and the end of Brazil's most right-wing government in decades. Lula won 50.9% of votes compared with 49.1% for Bolsonaro, the Supreme Electoral Court said, declaring former president Lula the winner.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on November 19, 2021, informs that the drill-stem test in the wildcat well 1-BRSA-1381-SPS (Curaçao), located in the Pre-salt section in the southwestern portion of the Santos Basin, has been successfully completed. The discovery in the Aram Block is located 240 km from the... Continue Reading →
(OM) Iberia is well positioned to compete with—or even replace—Northern Europe’s existing energy industrial hub as sectors in Spain and Portugal can call on abundant sunshine, strong winds and mature gas infrastructure as well as a wealth of industry and managerial expertise. With reliable gas supply from North Africa, lower power prices compared to the... Continue Reading →
(Reuters) - Colombia's government may change its position on prohibiting new contracts for oil exploration, director of public credit Jose Roberto Acosta said on Thursday, citing the valuable income brought by the sector. Granting new contracts for oil exploration would represent a major U-turn for the government of leftist President Gustavo Petro, who previously described oil... Continue Reading →
(OE) Crowley signed an agreement on Thursday with the Port of Humboldt Bay to exclusively negotiate to be the developer and operator of a terminal to serve as California’s first hub for offshore wind energy installations. Through Crowley’s Wind Services group, the company will enter into negotiations with the port to lease and serve... Continue Reading →
Barcelona-based floating wind technology developer X1 Wind said Friday its floating platform had been successfully installed at the PLOCAN test site in the Canary Islands. "As summer trade-winds abated, a suitable weather window allowed X1 Wind and partners from the EU-backed PivotBuoy Project to complete the installation process, connecting the fully-functional floating wind prototype to... Continue Reading →
(OE) Ocergy has won a the pre-FEED foundation design contract for its OCG-Wind foundation technology to be deployed at the Salamander floating offshore wind project, run by a joint venture between Simply Blue Group, Ørsted, and Subsea7. Ocergy has developed OCG-Wind, descibed as a novel and efficient floating wind turbine foundation, to support very large... Continue Reading →
(Reuters) Global oil-and-gas giants including Exxon Mobil, Chevron, and Equinor, posted huge profits in the third quarter, benefiting from surging energy costs that have boosted inflation around the world and hit consumers hard. Oil companies booked billions of dollars in profits as prices for crude, natural gas and fuels like gasoline hovered near record levels... Continue Reading →
(OEM) Fugro has reported a revenue of €480.2 million for the third quarter of 2022, an increase of 17.4% compared to €378 million in Q3 2021, said to be supported by high demand for offshore wind solutions. The increase in revenue was fuelled by ongoing high client demand across markets, most notably renewables, and to... Continue Reading →
Italian energy group Eni said profits in the third quarter beat expectations thanks to a strong performance from its Global Gas and LNG portfolio division (GGP). Adjusted net profit in the period came in at 3.73 billion euros ($3.72 billion), soaring from 1.43 billion euros a year ago, and beating a 3.21 billion euro consensus.... Continue Reading →
Brazil Energy Insight 