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(epbr) The government of Ceara signed a memorandum of understanding (MoU) with BP for the potential implementation of a natural gas hub in Porto do Pecem. According to the company's president in Brazil, Mario Lindenhayn, the hub may have an installed capacity of around 2.2 GW and generate around 5,000 jobs during construction. -- “It... Continue Reading →
The governor of Ceara, Camilo Santana, announced on the Portocem consortium as the winner of the auction for the implementation of the Natural Gas Thermoelectric Power Plant in the Export Processing Zone (ZPE) of the Pecem Complex. Led by the American Ceiba Energy, a company that owns, develops and operates power generation assets in Latin... Continue Reading →
(OE) The Biden administration on Wednesday outlined a range of measures to speed the growth of clean energy on the U.S. power grid, including the government's largest-ever sale of offshore wind leases in waters off the coast of New York and New Jersey. The announcement, which seeks to advance President Joe Biden's ambitious climate change agenda, comes... Continue Reading →
(epbr) The entry of multiple hydrogen production routes, with the participation of fossils and renewables, can contribute to the expansion of the use of natural gas in the Brazilian energy transition strategy. The Energy Research Company (EPE) should publish technical notes in the coming days on the prospects for producing three colors of hydrogen in... Continue Reading →
(Reuters) Europe's Big Oil companies are planning to spend their windfall from high energy prices on becoming Small Oil.Surging oil and gas prices in 2021 delivered billions of dollars in profits to top oil companies, in stark contrast to the previous year when energy prices collapsed as the coronavirus pandemic hit travel and economic activity.Typically,... Continue Reading →
Changes in the organization of the future second largest thermoelectric plant in Brazil. The Administrative Council for Economic Defense (CADE) approved the sale of Prumo Logística's stake in the Gás Natural Açu II (GNA II) plant, which is currently under construction at Porto do Açu, in São João da Barra (RJ). With the transaction, Prumo... Continue Reading →
BW Ideol, a company specializing in floating offshore wind solutions has signed an investment agreement with Japan's JERA, and France's ADEME Investissement to create an investment company for financing the co-development of offshore wind projects using BW Ideol’s patented Damping Pool technology over the next 5 years. JERA is Japan’s largest utility company, and ADEME... Continue Reading →
Tech startup Hydro Wind Energy is in the process of developing scaled prototypes of high-altitude kites powered by offshore wind with the goal to ”disrupt global energy and desalination markets”. The technologies for power generation and energy storage, OceanHydro Wind, and water desalination, SubSea RO Wind, are powered by high-altitude, ocean-based kites and vertical axis wind rotors rather... Continue Reading →
(Reuters) - Brazil's 2022 general elections will not influence the fuel pricing policy of Petrobras, the chief executive of the state-run oil company told Reuters on Thursday. Petroleo Brasileiro SA (PETR4.SA), as the company is formally known, officially sets domestic fuel prices in line with international prices, although it allows a brief decoupling when global prices... Continue Reading →
Petróleo Brasileiro S.A. - Petrobras informs that it was notified, on this date, of preliminary decisions rendered by the Court of Justice of the State of Rio de Janeiro that determined the maintenance of the conditions of the contracts entered into between Petrobras and state distributors (CEG and CEG RIO), which will expire on 12/31/2021,... Continue Reading →
Brazil Energy Insight 