ABSG Consulting Inc. (ABS Consulting), a leading global operational risk management company, and Global Maritime, a marine offshore and engineering consultancy, today announced their alliance to support the United States offshore wind sector. Global Maritime's US subsidiary, American Global Maritime Inc., and ABS Consulting will combine their respective expertise in the maritime market into a... Continue Reading →
Oil extends losses triggered by U.S. inflation fears
(Reuters) - Oil prices dropped to $82 a barrel on Thursday, extending sharp falls triggered by concerns that rising U.S. inflation could prompt Washington to release more strategic crude stockpiles to drive down prices. Brent crude futures lost 64 cents, or 0.77%, to $82 a barrel by 1200 GMT after rising to $83.37 in morning... Continue Reading →
Petrobras concludes the sale of Breitener Energética S.A.
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 08/27/2021, informs that it concluded today the sale of its entire 93.7% equity stake in Breitener Energética S.A. (Breitener), located in the state of Amazonas, to Breitener Holding Participações S.A., a wholly owned subsidiary of Ceiba Energy LP, which is backed by Denham... Continue Reading →
TotalEnergies and Daimler Truck AG Partner to Develop Hydrogen Ecosystem for Transportation in Europe
TotalEnergies and Daimler Truck AG have signed today an agreement on their joint commitment to the decarbonization of the road freight in the European Union. The partners will collaborate in the development of ecosystems for heavy-duty trucks running on hydrogen, with the intent to demonstrate the attractiveness and effectiveness of trucking powered by clean hydrogen... Continue Reading →
NEW FORTRESS AUTHORIZED TO BUILD SOUTH GAS TERMINAL
New Fortress Energy received approval from ANP for the construction of the South Gas Terminal, in Babitonga Bay, in Santa Catarina. Incorporated into the company's portfolio after the acquisition of Golar Power, the project had been awaiting authorization from the agency since February and is expected to start operating in the first quarter of 2022.... Continue Reading →
Baker Hughes signs deal with Shell for renewable energy credits
(Reuters) - Oil major Royal Dutch Shell's (RDSa.L) clean energy unit will provide renewable energy credits (REC) to oilfield firm Baker Hughes' (BKR.N) facilities in United States for a two-year period, the companies said on Wednesday. The move comes as climate activists, investors, banks and some governments mount pressure on oil and gas companies to announce net zero emission... Continue Reading →
Siemens Energy to pay dividend as cost discipline pays off
(Reuters) - Siemens Energy (ENR1n.DE) proposed on Wednesday to pay a dividend on the back of a strong jump in cash flow driven by stricter cost discipline, as it completed its first business year since it spun off from former parent Siemens (SIEGn.DE). The supplier of turbines and services to the power industry, in which Siemens still holds... Continue Reading →
GE energy spinoff aims to capture interest in renewables
(Reuters) - General Electric Co's (GE.N) plan to spin off energy units into a standalone company could attract investors looking for a well-known name in renewables if they can overlook legacy fossil-fuel operations, financial experts said. Earlier on Tuesday, the 129-year-old conglomerate outlined a plan to split into three publicly traded companies focused on energy, healthcare and... Continue Reading →
Existing Offshore Facilities Could be Used for Geothermal Energy Projects
(OE) Shift Geothermal, a non-profit organization focused on geothermal energy, said Wednesday it was launching a bid to establish a new national center in the UK for geo-energy to realize the potential of a huge untapped UK energy source. This also offers an opportunity to use re-use existing offshore oil and gas facilities instead of... Continue Reading →
Petrobras concludes the sale of power companies
Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/29/2021, informs that today it concluded the sale of its stakes of 20% in Termelétrica Potiguar S.A. (TEP) and 40% in Companhia Energética Manauara S.A. (CEM) to Global Participações Energia S.A. (GPE), through its subsidiaries GFT Participações S.A. and GFM Participações S.A., respectively.... Continue Reading →