Baker Hughes Posts Quarterly Loss on Charges

(Reuters) Baker Hughes Co posted a quarterly loss on Wednesday, compared with a profit a year ago, hit by $230 million in restructuring and impairment charges relating to the oilfield services provider's latest reorganization.  The company during the recent quarter said it would simplify its organizational structure into two business units from four, one focused... Continue Reading →

Petrobras on Petros Plan

Petróleo Brasileiro S.A. - Petrobras informs that today it has signed the Private Instrument of Confession of Debt that formalizes its commitment to pay the extraordinary employer contributions of the Deficit Equalization Plan - 2015 (PED 2015), implemented in 2017, with the Renegotiated and Non-Renegotiated Petros Pension Plans (PPSP-R and PPSP-NR). Payments of the extraordinary... Continue Reading →

Australia Promises Billions for Renewable Projects to ‘Rewire’ Power Grid

(Reuters) Australia on Wednesday announced plans to build renewable energy zones, wind projects and underwater electricity interconnectors, as it looks to build its renewable power capabilities and bring more clean energy into its national grid.  The announcements come ahead of the annual budget announcement next week by Prime Minister Anthony Albanese's centre-left Labor government, which... Continue Reading →

DOE Seeks Input on Mooring & Anchoring Systems for Floating Wind

(OED) The U.S. Department of Energy is seeking input on research needs related to floating offshore wind energy mooring and anchoring systems. For this, DOE's Wind Energy Technologies Office (WETO) has issued a Request for Information (RFI). Apart from input on research priorities, DOE is seeking information on state-of-the-art innovative technologies, state-of-the-practice common operations, and... Continue Reading →

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