(offshoreWIND.biz) The Trump administration has warned the UK government about security risks as Mingyang Smart Energy plans to build a factory in Scotland to manufacture wind turbines for North Sea offshore wind farms, according to a report by the Financial Times, citing a US official. A Chinese analyst has commented on the news, saying the... Continue Reading →
China expands visa-free access to 5 Latin American countries
China began implementing a trial policy that unilaterally grants visa-free entry to citizens of Brazil, Argentina, Chile, Peru and Uruguay. It is the first time that China has extended such access to nations in Latin America and the Caribbean. Under the policy, which will remain in effect through May 31, 2026, holders of ordinary passports... Continue Reading →
Peru seeks meeting with China, Brazil to advance cross-continental railroad
(globaltimes.cn) Peru's minister of economy and finance emphasized the importance of coordinating and planning a meeting between the governments of Brazil and Peru, along with the Chinese delegation to advance a cross-continental railroad connecting Peru's Pacific coast with Brazil's Atlantic coast, Peru's Ministry of Economy and Finance posted on social media platform X on Tuesday.... Continue Reading →
Colombia seeks to join China-based development bank as Latin America drifts away from Washington
(AP) — Colombia's government has applied to join a China-based development bank, another sign of Latin America's drift away from the U.S. as the Trump administration's foreign aid cuts, trade barriers and crackdown on immigration spurs many leaders in the region to seek closer ties with Washington's geopolitical rival. Colombian President Gustavo Petro wrapped up a visit to China this... Continue Reading →
P-80 FPSO set to work at world’s ‘largest deepwater field’ ready for next construction stage
(offshore-energy.biz) Singapore’s offshore marine solutions company PACC Offshore Services Holdings (POSH), part of the Kuok Maritime Group, has completed the towing of a hull for a floating production storage and offloading (FPSO) unit from China to Singapore. The vessel is slated to work at a Brazilian deepwater field with Brazil’s state-owned energy giant, Petrobras. Towed by... Continue Reading →
Brazil’s Renewable Energy Revolution
By Haley Zaremba for Oilprice.com Nearly 90% of Brazil's electricity comes from renewables, making it a prime location for energy-intensive AI infrastructure. Amazon, Microsoft, and other tech giants are investing billions in Brazilian data centers powered by clean energy. Brazil aims to prove that a renewable-focused energy grid can sustain large-scale AI growth, challenging the... Continue Reading →
As Brazilian president visits China, $1 billion sustainable fuel deal announced
(Reuters) - Brazil announced two Chinese partnerships on Monday, including a $1 billion investment by China's Envision Energy to produce sustainable aviation fuel, as the country's president visits China. President Luiz Inacio Lula da Silva met with energy companies as well as with automaker GAC, and Chinese defense company Norinco. Minister of Mines and Energy... Continue Reading →
Petrobras Seeks Foreign Partnerships with Brazilian Shipyards
(Reuters) Brazil's Petrobras is looking to attract foreign investments to boost local shipyards, said the state-run oil firm's CEO Magda Chambriard on Tuesday. Petrobras is looking for strong companies to partner with shipyards to build more ships locally, said Chambriard, who recently visited China and discussed the matter with government officials and firms. "We are... Continue Reading →
Offshore Wind Grows by 11 GW in 2024 with 31 Projects Commissioned – WFO Report
(offshoreWIND.biz) According to a new report published by the World Forum Offshore Wind (WFO), 31 new offshore wind farms with a total capacity of 11 GW were put into operation in 2024, increasing the global offshore wind capacity to a total of 78.5 GW. China continues to lead the sector, according to the report, with... Continue Reading →
CNOOC Posts 7.9% Profit Fall Despite Output Growth
(Reuters) Chinese offshore oil and gas major CNOOC first-quarter net profit fell 7.9%, weighed down by weaker oil prices, though higher output helped stem the decline. Net income for January-March was 36.56 billion yuan ($5.03 billion), versus 39.7 billion yuan in the same period last year, according to a company filing with the Hong Kong... Continue Reading →