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(Portos e Navios) The development of offshore wind projects in Brazilian jurisdictional waters has a way to go, but it has good indicators in different business areas. Sector agents consulted by Portos e Navios believe that the reduction of bureaucracy in the process and gains in scale will contribute to making projects viable, attracting new... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) should buy the rest of wind turbine maker Siemens Gamesa (SGREN.MC) to accelerate a turnaround at the Spanish-listed firm, Deka, the second top-10 shareholder in as many weeks to call for the takeover, said on Monday. The comments from Ingo Speich, head of sustainability and corporate governance at Deka Investment, raise pressure on Siemens... Continue Reading →
(Reuters) - The global liquefied natural gas (LNG) market is expected to remain tight this year following last year’s volatility which saw demand rise 6% and gas prices hit an all-time high, Shell (SHEL.L) said on Monday. Natural gas prices around the world soared late last year due to a combination of tightening supplies, weaker renewable power... Continue Reading →
(OE) Guyana is in talks with state-run oil firms from the Middle East to discover new offshore fields, Vice President Bharrat Jagdeo told Reuters, hoping to recruit a new and substantial explorer to its nascent energy industry. Results of the talks with Middle East firms could lead Guyana to bar a consortium led by U.S.... Continue Reading →
(Reuters) - At the risk of being dropped from Texas pension funds, BlackRock Inc (BLK.N) has ramped up its message that the world's largest asset manager is a friend of the oil and gas industries. As a large and long-term investor in fossil fuel companies, "we want to see these companies succeed and prosper," BlackRock executives wrote... Continue Reading →
Italy's Saipem is set to take a more cautious approach to new green business after delays to a wind farm project helped to tip the energy contractor into issuing a profit warning, two sources close to the matter said on Wednesday. Saipem, a [company specializing] in subsea exploration and construction and provider of services to... Continue Reading →
(Reuters) Guyana's President Irfaan Ali on Tuesday defended his country's right to develop its oil industry for its residents while insisting local goods and services requirements are not meant to block foreign investments. A string of discoveries off its coast is on the verge of turning the tiny South American country into an oil powerhouse.... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 04/09/21, informs that it concluded today, together with its subsidiary Petrobras Gás S.A. (Gaspetro), the transaction to finalize the pending litigation with Termogás S.A. (Termogás). As a result of this transaction, Termogás acquired the shares of Companhia Maranhense de Gás (Gasmar) held by... Continue Reading →
(Reuters) - Glencore's (GLEN.L) traded oil volumes fell to below 4 million barrels per day in 2021 for the first time since 2015, the company's results showed on Tuesday. The global trader and miner traded 3.86 million bpd in 2021, down from 4.2 million bpd a year earlier, showing it has not recovered volumes after the peak... Continue Reading →
(Reuters) - Portuguese oil & gas company Galp Energia (GALP.LS) finds Brazil an attractive country to pursue its bet on solar and wind energy, its CEO Andy Brown said on Monday, adding the company is looking for investment opportunities there. Galp had agreed in October to acquire and develop two solar projects in Brazil with a combined... Continue Reading →
Brazil Energy Insight 