Brought to you by Quest Offshore & Southern Cone Consultants
(Reuters) - Wind turbine maker Siemens Gamesa (SGREN.MC) said on Thursday it missed its full-year target as revenue declined, mostly due to delays in project execution and supply chain disruptions hampering production of wind turbine generators. The company said its core earnings margin during the year that ended on Sept. 30 was minus 5.9%, below its own August... Continue Reading →
(Reuters) Norwegian energy giant Equinor is on track to almost double its share of its investment in renewable energy this year, despite walking away from expensive offshore wind deals, the chief executive said on Tuesday. Around 20% of company's gross investments in 2022 will be in renewable energy, CEO Anders Opedal told Reuters on the... Continue Reading →
(Reuters) Spain's Iberdrola plans to invest 47 billion euros ($47 billion) in its electricity networks, renewable energy production and customer businesses in 2023-2025 alongside an expected rise in profits, it said on Wednesday. Iberdrola is pushing to remain one of the global renewable power leaders at a time when utilities are facing a challenging transition... Continue Reading →
(Reuters) - French energy giant TotalEnergies (TTEF.PA) has pulled ahead of rivals Shell (SHEL.L) and BP in the race to build up a renewables business, data collected by Reuters shows. But despite the growing focus on the climate, investors remain cautious for now, with shares of the three European giants trailing their oil and gas-focused U.S. rivals Exxon Mobil... Continue Reading →
(TN) Australian renewable green energy developer Fortescue Future Industries (FFI) and Enel's global renewable energy arm, Enel Green Power S.p.A. (EGP), today announced that they will partner to explore the co-development of the green hydrogen value chain, with an initial focus on Latin America and Australia. FFI and EGP share a common view on the... Continue Reading →
Japan’s electricity utility Tokyo Electric Power Company (TEPCO) is set to acquire the Scottish floating wind specialist Flotation Energy. This is TEPCO's first investment in overseas wind power. Floation Energy founders Allan MacAskill and Lord Nicol Stephen developed Kincardine, the world’s largest floating windfarm in operation. Flotation Energy currently has interests in Morecambe in the... Continue Reading →
(YF) The global net-zero goals set out by the Paris Agreement are still within reach — but achieving them will require a $100 trillion investment, according to a new report by BNY Mellon Investment Management and Fathom Consulting. That amount equates to around 15% of all global investment or 3% of global GDP over the next 30... Continue Reading →
(OE) World Forum Offshore Wind said Wednesday it had launched new Offshore Wind to Hydrogen Committee chaired by DNV’s hydrogen segment lead Magnus Killingland. "World Forum Offshore Wind (WFO) and its members believe that hydrogen production from offshore wind creates tremendous new opportunities for the global offshore wind industry. To promote the acceleration of commercial-scale... Continue Reading →
lenergy Co Ltd, a Korean renewable energy development firm, has hired DNV as the owner's engineer for its 1.5 GW fixed-bottom Chujin offshore wind project. The Chujin offshore wind farm will be the largest commercial-scale offshore wind farm in South Korea, when completed in 2027. As the owner’s engineer, DNV will drive the pre-Front End... Continue Reading →
In 3Q22, Petrobras kept a solid operating performance, with average production of oil, NGL and natural gas reaching 2.64 MMboed, virtually in line with 2Q22. Results in 3Q22 fully contemplate the impacts of the production sharing contracts related to the Transfer of Rights Surplus Volumes of Atapu and Sepia - which became effective on May... Continue Reading →
Brazil Energy Insight 