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(Reuters) - Newly launched in Brazil, aluminium maker Norsk Hydro's (NHY.OL) renewable energy unit Hydro Rein is looking to boost its presence by supplying green electricity to large industries seeking clean power, a company executive said. The Norwegian company's renewable energy unit has already invested in solar and wind power projects to supply electricity to three of... Continue Reading →
Siemens Energy has won what it says is the largest offshore grid connection order in the company's history. The order, made by Amprion Offshore, will see Siemens Energy supply two offshore wind power converter platforms at sea DolWin4 and BorWin4, and two associated stations on land. The platforms convert alternating current, as produced by wind... Continue Reading →
Adira Renewables, a wholly-owned subsidiary of Kim Heng, signed a non-binding Memorandum of Understanding (MoU) with Crowley Wind Services to cooperate on offshore wind farm cable laying installation projects across the US East Coast. Under the MoU, Kim Heng will issue updates about material developments and/or the execution of a definitive agreement as and when... Continue Reading →
In 2Q22, we delivered an operating performance fully in line with the Company's plans. Average production of oil, NGL and natural gas reached 2.65 MMboed, 5.1% below 1Q22. This result was mainly due to the beginning of the Production Sharing Contract for the Surplus Volumes of the Transfer of Rights of Atapu and Sepia, effective... Continue Reading →
(Reuters) - Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight quarter of record-breaking profits, lifted by stellar refining margins and high oil and gas prices. A rapid recovery in demand following the end of pandemic lockdowns and a surge in energy... Continue Reading →
(Reuters) - The Biden administration on Wednesday said it had identified 700,000 acres for possible offshore wind energy development in the Gulf of Mexico, seeking to expand a growing clean energy industry to a major U.S. oil and gas hub. It also said President Joe Biden would direct his Interior Department to move ahead with... Continue Reading →
(Reuters) - Shell (SHEL.L) is exploring a sale of its stakes in two U.S. Gulf of Mexico oil and gas developments which could raise as much as $1.5 billion for the energy major, people familiar with the matter said on Wednesday. Potential divestments of some aging assets would allow the company to focus on newer and larger... Continue Reading →
(Reuters) - Brazilian fuel retailer Vibra Energia SA (VBBR3.SA) said on Wednesday that CEO Wilson Ferreira Junior has informed the board of directors he wants to quit the company, amid expectations he might be heading back to power giant Eletrobras (ELET6.SA). Vibra said in a securities filing that Ferreira's resignation comes as he wants to "pursue new professional... Continue Reading →
(OE) Spanish offshore engineering firm Saitec Offshore Technologies and renewables giant RWE on Wednesday marked the completion and the launching operation of their DemoSATH floating wind unit. SATH Technology is based on a concrete platform concept with a plug-and-play Single Point Mooring, the same technology used for FPSOs. The DemoSATH project uses a 2MW turbine... Continue Reading →
(Reuters) - France's government is offering to pay 9.7 billion euros ($9.85 billion) to take full control of EDF (EDF.PA), in a buyout deal that gives it a free hand to run Europe's biggest nuclear power operator as it grapples with a continent-wide energy crisis. The finance ministry said in a statement on Tuesday that the... Continue Reading →
Brazil Energy Insight 