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(Reuters) - The election of Colombia's first leftist president, Gustavo Petro, is indicative of widespread yearning for a more equal and inclusive society, analysts and business leaders said, but the former guerrilla will need to act fast to reassure investors. Petro, a 62-year-old former mayor of the capital Bogota and current senator, won some 50.4%... Continue Reading →
(OE) Offshore vessel designer GustoMSC, part of NOV, has launched a next-generation heavy lift crane vessel series called ENSIS, planned for foundation installation for the offshore wind farms of the future. "GustoMSC's new ENSIS heavy lift crane vessel series addresses the needs of the growing offshore wind foundation market. With monopiles and jackets increasing in... Continue Reading →
Bloomberg) -- A bitter dispute between Jair Bolsonaro and Petrobras intensified as the state-controlled oil giant shrugged off the president’s warnings and increased fuel prices, adding to the Brazilian leader’s difficulties as he struggles to contain inflation in an election year. Petrobras shares plunged as much as 9% on Friday, extending losses after Brazil’s Lower... Continue Reading →
With 15 GW in offshore wind projects in Brazil under licensing, Ocean Winds — a joint venture between Engie and EDP Renováveis for offshore wind power generation — believes that investments in the implementation of the first projects in the country will be higher than in the rest of the world. “At first it will... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) is set to announce a fuel price increase on Friday, local media reported on Thursday, raising alarm bells within the country's top political ranks. According to O Globo, the company's board has approved diesel and gasoline price increases that will come into effect next week. Petrobras said it could... Continue Reading →
(Reuters) - Argentine state company Energia Argentina signed a contract Thursday with pipeline producer Tenaris (TENR.MI), a critical step toward the completion of a pipeline to transfer gas from Argentina's giant Vaca Muerta shale formation. The government says the pipeline will allow Argentina to forgo costly imports of liquefied natural gas and reverse a large energy... Continue Reading →
(OW) American multinational automotive manufacturing corporation General Motors (GM) has led a Series A investment round of up to USD 10 million into Wind Catching Systems, the Norwegian developer of multi-turbine floating offshore wind systems, to help fund the development and commercialization of the technology. General Motors has made the investment through GM Ventures, the... Continue Reading →
(Offshore Energy) War in Ukraine is transforming the outlook for the supply, demand, and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway, energy intelligence group... Continue Reading →
A collaboration between Equinor and Technip Energies on Floating Wind Substructures was announced during the Seanergy conference in Normandie, France. The collaboration is intent on building on the two companies’ joint ambition of driving the industrialization of floating offshore wind. “We see longer-term collaboration from an early phase as the next step within floating offshore... Continue Reading →
The merger between Aker Offshore Wind (AOW) and Aker Horizons is expected to be completed after close of trading on the Oslo Stock Exchange on 17 June, which accordingly will be the last day of trading in the AOW shares on Euronext Growth Oslo, the company said in its latest trading update. As announced on... Continue Reading →
Brazil Energy Insight 