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Oct. 29 (oilprice.com) Equinor booked lower-than-expected earnings for the third quarter as liquids prices dropped from a year earlier. The Norwegian energy major on Wednesday reported an adjusted operating income of $6.21 billion for the third quarter of 2025, lower than the company-provided consensus of 21 analysts who had expected $6.31 billion, and below the $6.89 billion booked in... Continue Reading →
Oct 27 (Reuters) - Britain is offering a smaller budget for offshore wind in its next auction round to spur investment in renewable power capacity, government documents showed on Monday, with one analyst saying the country will struggle to meet its clean power targets. Documents released on Monday showed the next auction round will have... Continue Reading →
Oct 20 (Reuters) - Danish shipping company Maersk is testing a blend of Brazilian ethanol with methanol and marine diesel - known as "bunker" - for its vessel engines as part of its efforts to further decarbonize operations, the company announced on Monday. WHY IT'S IMPORTANT The initiative could open a new market for Brazil's ethanol... Continue Reading →
Oct. 16 (OE) Equinor and its partners has started production from the large Bacalhau field in Brazil, whose recoverable reserves exceed 1 billion barrels of oil equivalent (boe). Bacalhau is located in the pre-salt region of Brazil's Santos Basin in ultra-deep water of over 2,000 meters. The field features one of the most modern floating... Continue Reading →
Oct 10 (Reuters) - Chinese wind turbine manufacturer Ming Yang Smart Energy will invest up to 1.5 billion pounds ($2 billion) to build a wind turbine manufacturing facility in Scotland which could create up to 1,500 jobs, it said on Friday. Britain is seeking to scale up renewable power to help meet its climate targets... Continue Reading →
Oct. 10 (Reuters) Equinor has scrapped plans to cut greenhouse gas emissions by connecting several offshore platforms to Norway's onshore power grid, the company told the government on Friday, citing soaring costs. The oil and gas sector is Norway's largest source of climate emissions, accounting for about a quarter of the total. Around 80% of industry emissions... Continue Reading →
Oct 8 (Reuters) - Brazil's government on Wednesday detailed a new Eco Invest auction to attract foreign equity into innovation and sustainability projects, offering a foreign-exchange hedge mechanism for the first time. The government will channel Climate Fund resources to financial institutions to structure foreign-exchange and performance risk-hedging mechanisms, which the Finance Ministry said would... Continue Reading →
Sept 25 (Reuters) - BP said on Thursday it expects global oil demand to grow until 2030, five years later than its forecast a year ago, pointing to slowed efforts to increase energy efficiency and reduce global carbon emissions. The oil major's latest Energy Outlook, an annual study of energy trends through 2050, models two scenarios.... Continue Reading →
Sept 24 (Reuters) - China led several countries in announcing new climate plans on Wednesday and offered a veiled rebuke of the U.S. president's anti-climate rhetoric a day earlier at the U.N. General Assembly. Addressing a climate leaders’ summit hosted by U.N. Secretary-General Antonio Guterres, Chinese President Xi Jinping said in a live video message... Continue Reading →
Sept. 24 (PN) The Brazilian Development Bank (BNDES) announced this week the release of R$2.5 billion for Starnav Serviços Marítimos to acquire vessels to be built at the Detroit Brasil shipyard in Itajaí, Santa Catarina. The loan granted to Starnav is equivalent to over 88% of the R$2.9 billion earmarked for the purchase of eight... Continue Reading →
Brazil Energy Insight 