(C) The first platform with fully electrified (all-electric) combined cycle systems in the country will be installed off the coast of Espírito Santo in 2025, announced Petrobras, the project will allow greater operational efficiency, in addition to reducing greenhouse gas emissions. The confirmation of the platform, called FPSO Maria Quitéria, which will be located in... Continue Reading →
3R Petroleum targets partnerships and divestments in infrastructure in Guamaré – Potiguar Cluster
(epbr) After taking over the operation of the Potiguar Cluster in June, 3R Petroleum is now seeking partnerships and divestments of some assets that make up the industrial asset of Guamaré (RN), said this the company's financial director, Rodrigo Pizarro . The executive also ruled out, for the time being, plans to increase the capacity... Continue Reading →
Windar Renovables to Manufacture 21 Transition Pieces for Iberdrola’s Windanker Offshore Wind Farm
(OE) Spanish renewables energy company Iberdrola has awarded Windar Renovables a contract to manufacture 21 transition pieces for the Windanker offshore wind farm in German waters. Production will be carried out at the Avilés facilities, with the collaboration of a large number of Spanish suppliers in the manufacture of the secondary structure, which will be integrated in... Continue Reading →
Japan’s Inpex Raises Profit Forecast, Seeks to Boost Value
(Reuters) On Wednesday, Japanese oil and gas explorer Inpex raised its full-year net profit forecast by 7% and announced measures to boost the company's value and shareholder returns, including a dividend increase and share buyback. To address the country's number of undervalued stocks, the Tokyo Stock Exchange at the end of March called on companies... Continue Reading →
Siemens Energy’s wind division expected to break even in 2026 – JPM, Deutsche
(Reuters) - Siemens Energy's (ENR1n.DE) troubled wind turbine division is not expected to break even before 2026, analysts at JPMorgan and Deutsche Bank said on Wednesday, adding the unit's recovery would take longer than expected amid far-reaching problems. Frankfurt-listed shares in the company were trading 0.79% lower at 0653 GMT, two days after the group disclosed a... Continue Reading →
Vestas hopes to turn a profit this year despite Q2 loss
(Reuters) - The world's leading turbine maker Vestas (VWS.CO) on Wednesday said it aims to turn a profit this year, despite a bigger than expected second quarter adjusted loss and its expectation supply chain disruptions would continue for the rest of 2023. The Danish-listed company is struggling to deliver a backlog of projects from pandemic-hit years and... Continue Reading →
3R Petroleum 2Q23 Results
3R Petroleum Óleo e Gas S.A. (“3R” or “Company”) (B3: RRRP3) hereby reports its results for the second quarter of 2023 (“2Q23”). Except as indicated otherwise, the financial and operational information set out below is presented on a consolidated basis and expressed in Brazilian Reais (R$), in accordance with accounting practices adopted in Brazil (CPC)... Continue Reading →
What are the Issues with Siemens Gamesa’s Wind Turbines?
(Reuters) Shares in Siemens Energy fell on Monday after the company quantified deeper than expected problems at its struggling wind turbine division that were first unveiled in June, saying the issues triggered a 2.2 billion euro ($2.42 billion) charge. The group's shares slid 7.4% to the bottom of Germany's blue-chip index, as the group disclosed... Continue Reading →
Shell-EDF Joint Venture Submits Bid in New Jersey’s Third Offshore Wind Solicitation
(OW) Atlantic Shores Offshore Wind, a 50:50 joint venture between Shell New Energies US and EDF-RE Offshore Development, has submitted a proposal to the New Jersey Board of Public Utilities (NJBPU) in the state’s third offshore wind solicitation. New Jersey opened the solicitation in March and is looking to award between 1.2 GW and 4... Continue Reading →
First U.S. Offshore Wind Substation Stands Tall
(OE) Avangrid, a U.S.-based subsidiary of the Spanish renewable energy giant Iberdrola, on Monday shared a photo of the completed Vineyard Wind 1 offshore wind substation. This is the first offshore wind substation installed in the U.S. and will serve the country's first large-scale offshore wind farm - Vineyard Wind. DEME Offshore used its flagship vessel,... Continue Reading →