Ecopetrol to Boost Exploration, Warns of Production Hit

(Reuters) Colombia's majority state-owned energy company Ecopetrol will be more aggressive in exploring for oil under existing contracts, Chief Executive Ricardo Roa said on Wednesday, as the company warned external factors including weather and security issues could hit production.  Ecopetrol, Colombia's biggest company and largest producer of oil, on Tuesday reported a 14% fall in first-quarter net... Continue Reading →

Vestas swings to unexpected first-quarter profit

 (Reuters) - Danish wind turbine maker Vestas (VWS.CO) on Wednesday reported an unexpected first-quarter profit and maintained its full-year guidance despite a tough backdrop for the industry. Despite booming demand for renewable energy, increased competition and soaring metal prices meant that Vestas did not manage to turn a profit last year. "The wind industry remains challenged by... Continue Reading →

Gazelle Wind Power Takes Controlling Stake in F. Carceller to Drive Floating Offshore Wind Innovation

Gazelle Wind Power (Gazelle), the developer of a hybrid modular floating offshore wind platform, has agreed to take a controlling stake in Spanish-based naval architect and marine consulting firm Faustino Carceller, S.L. (F. Carceller).  "Gazelle’s shipbuilding approach for construction creates synergies for both companies, making this acquisition a practical fit to help the company accelerate... Continue Reading →

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