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May 8 (Reuters) - Neoenergia, the Brazilian unit of Spain's Iberdrola, plans to invest 50 billion reais ($10 billion) in its five power distribution companies by 2030 as it seeks to expand in the sector, CEO Eduardo Capelastegui said. The investment plan, an 82% increase from the previous five-year period, comes alongside the renewal of... Continue Reading →
May 4 (Reuters) - When potential providers and financiers for Venezuela's electric industry, including Siemens Energy and GE Vernova, held meetings with officials in Caracas in April, questions of how they might get paid to shore up the country's deteriorated grid were top of mind, two sources involved in the talks said. Those executives came away... Continue Reading →
April 30 (offshoreWIND.biz) The State of Massachusetts has activated long-term contracts for the Vineyard Wind 1 offshore wind farm, securing fixed electricity pricing for 20 years and projected customer savings of USD 1.4 billion (around EUR 1.2 billion) over that period, according to the state government. The contracts, announced on 27 April by the Healey-Driscoll... Continue Reading →
April 28 (Reuters) - The United Arab Emirates said on Tuesday it was quitting oil-producers' group OPEC, as an unprecedented energy crisis triggered by the Iran war exposes discord among Gulf nations. The loss of the UAE, a longstanding OPEC member, could create disarray and weaken the group, which has usually sought to show a united front... Continue Reading →
April 24 (Reuters) - Brazilian researchers at the Maua Institute of Technology will begin tests to investigate the viability of raising the blend of biodiesel in diesel to 20% in May, Renato Romio, manager of the institute's vehicles division, said on Thursday. Brazil is a powerhouse producer of biofuels from raw materials soy and sugarcane,... Continue Reading →
April 23 (oilprice.com) The global energy crisis has reshaped global energy priorities seemingly overnight. The Strait of Hormuz has been closed to virtually all commercial traffic for well over a month now, severely restricting global flows of oil and gas. As a result, global energy prices have skyrocketed, and supplies have tightened, pushing many countries... Continue Reading →
April 23 (offshoreWIND.biz) The European Commission has identified offshore wind repowering as one of the key measures to strengthen energy security and reduce reliance on fossil fuel imports, as part of its newly unveiled AccelerateEU strategy. Announcing the strategy on 22 April, the Commission highlighted the rapid repowering of large renewable assets, including offshore wind farms,... Continue Reading →
14 April 2026 – As offshore energy and security discussions intensify, including a planned engagement between UK leadership and European industry representatives on 14 April, recent reports of submarine activity around subsea cables and pipelines have brought renewed attention to the resilience of critical offshore infrastructure. Subsea cables carry the vast majority of international data,... Continue Reading →
April 9 (Reuters) - The Middle East war is giving fresh momentum to Europe's push for energy independence and bolstering the case for offshore wind farm developments, the CEO of Denmark's Orsted said on Thursday. Europe, a major importer of fossil fuels, has seen energy prices soar in recent weeks as the U.S.-Israeli war on Iran, and Teheran's blockage of shipments through... Continue Reading →
April 9 (oilprice.com) The latest global oil shock has created an ideal environment for Suriname’s struggling oil boom. The impoverished South American country of less than seven hundred thousand is endeavoring to launch a transformative oil boom. Poor drilling results, a high gas-to-oil ratio, and conflicting seismic data saw Suriname’s oil boom put on hold during 2022. There are,... Continue Reading →
Brazil Energy Insight 