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(Reuters) - BP (BP.L) is seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies to tackle inflation and equipment bottlenecks that have battered the renewables sector. The oil major plans to expand in low carbon energy in the coming decades as it seeks a long-term business model that can survive the... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has signed a Memorandum of Understanding with European Energy, a Danish company with verticalized operations in the energy transition, including renewable generation and green hydrogen-based solutions, to evaluate, on a non-binding basis, business opportunities for the development of an e-methanol plant project in Brazil. The agreement was... Continue Reading →
(OET) France’s energy giant TotalEnergies has published its new annual energy outlook, presenting scenarios for the evolution of demand and the global energy system to contribute to the energy transition’s debate in the run-up to COP28. While the decarbonization engine is not running smoothly and needs to be tweaked to reach full speed, the oil... Continue Reading →
(OET) Fugro is planning to expand into the carbon capture utilization and storage (CCUS) segment as part of its strategy towards 2027. Fugro has updated its strategic agenda with three priorities, including growing and transforming current business, expanding into developing segments, and increasing recurring revenue with Geo-data as a service. The plan is to target... Continue Reading →
(Reuters) - Britain's Octopus Energy said it has made its first investment in German offshore wind under plans to scale up its renewables activity in the world's third-largest market. Octopus Energy Generation has taken a 5% stake in Butendiek, an 80-turbine offshore wind farm 32 kilometres west of the island of Sylt in the North... Continue Reading →
(OE) Norway-based offshore wind developer Deep Wind Offshore has entered a partnership with the hydrogen company Hy2gen to produce green hydrogen from offshore wind. "The combination of offshore wind and hydrogen has massive potential. It is not possible to achieve net zero without green energy carriers, who will need a massive amount of renewable energy,"... Continue Reading →
(OE) Britain's Crown Estate said Thursday it was taking steps to enable the generation of up to an additional 4GW of green electricity from several offshore wind farm projects in development within the timeframe of the UK government’s offshore wind target of 50GW by 2030. The Crown Estate, which manages the seabed and much of... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) expects more than 1 billion euros ($1.1 billion) in revenues over the medium-term from its hydrogen electrolyser manufacturing business, one of the company's board members said on Wednesday. Electrolysers can use renewable energy to separate hydrogen from water, and the hydrogen can then be used as a alternative to fossil fuels in... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media and in line with the statement of October 25, 2023, confirms that its 2024-2028 Strategic Plan (2024-28 SP) is under construction, and will still be approved by the company's Executive Board and Board of Directors. The strategic elements of the 2024-28... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that the Riograndense Petroleum Refinery (RPR) has reached a historic milestone by processing 100% soybean oil in an industrial refining unit for the first time. The test, carried out between the end of October and the beginning of November, opens a new world frontier for biorefining. The technology, developed... Continue Reading →
Brazil Energy Insight 