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(Reuters) - Argentine state-owned energy firm YPF (<YPFD.BA>) has seen its bonds and shares take off this year, despite a wider economic malaise, with hope of a shale boom in the South American nation's huge Vaca Muerta formation luring investors. The state firm's bonds have risen between 5-11% this year, even as some sovereign debt has plummeted... Continue Reading →
Siemens Gamesa’s SG 14-222 DD offshore wind turbine prototype has produced 359 megawatt-hours (MWh) within a 24-hour time period which the turbine maker said was the most power one turbine has ever produced over this duration. According to Siemens Gamesa, this is enough energy to drive 1.8 million kilometres in a mid-sized electric car. The... Continue Reading →
(RE) A vast network of long-distance shipping and pipeline routes will be built by 2050 for the trading of just over 60% of the world’s hydrogen supply, according to a new report by Hydrogen Council and the consulting firm McKinsey. In a “cost-optimal world”, half of the 400 million tonnes of H2 they expect to be... Continue Reading →
Energy intelligence group Westwood said Tuesday it saw skyrocketing offshore wind growth with 135 GW of new capacity on offer to developers, equivalent to nearly 2.5 times today’s 55 GW market. This is bolstered by new market expansion with over 20 GW of leases up for grabs in countries that have not previously held a... Continue Reading →
(Reuters) Ecuador is planning to offer, most likely in 2024, blocks for offshore exploration and production of natural gas at the Gulf of Guayaquil, following auctions for onshore areas to be completed next year, Energy Minister Xavier Vera said on Monday. Vera expects to greenlight a proposal in the coming months once blocks are defined... Continue Reading →
Fifteen years and R$ 20 billion later, Porto do Açu, a mega-complex port-industry is already among the ten largest in the country in terms of cargo handled. It has already contracted over R$ 22 billion in investments over the next five years. Prumo Logística, owner of the venture, controlled by the American fund EIG, is... Continue Reading →
(Reuters) - The trading arm of Russia's Lukoil, Litasco, has moved part of its operations to Dubai over the last few months as European sanctions on Moscow push traders to neutral territory, according to trade sources familiar with the matter. Litasco, based in Switzerland, has moved at least 15 people to Dubai where it previously... Continue Reading →
(OE) The Crown Estate for England, Wales, and Northern Ireland has updated developers on the design of the tender process for seabed leasing for floating wind energy in the Celtic Sea. The Celtic Sea program is intended to provide 4GW of renewable energy capacity by 2035, with the region assessed to have the economic potential... Continue Reading →
(epbr) Eneva is considering buying stakes in large offshore natural gas discoveries in the Sergipe-Alagoas Basin. The epbr agency found that the agreement is not yet closed, but Eneva's interest is to enter the assets, under Petrobras operation, to increase the share of national gas available in its commercialization and development of new business portfolio.... Continue Reading →
Bridon-Bekaert Ropes Group has said it has concluded an investment and commercial partnership with TFI Marine, Dublin, Ireland, to accelerate the go-to-market of digital-enabled mooring solutions for floating offshore wind farms. "As part of this strategy, Bekaert today announces an equity investment in TFI Marine (Technology from Ideas), a leading mooring innovator, which has responded... Continue Reading →
Brazil Energy Insight 