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(Reuters) - Norway unveiled plans on Wednesday for a major expansion in offshore wind energy by 2040, aiming to turn a country that has built its wealth on oil and gas into an exporter of renewable electricity. The centre-left government, which has come under fire from environmentalists for continuing to support the oil and gas... Continue Reading →
(Reuters) - U.S. oil and gas producer Occidental Petroleum Corp (OXY.N) beat Wall Street's earnings estimates and swung to a profit from a year-ago loss, buoyed by soaring oil prices. The Houston-based company is the latest oil producer to benefit from high commodity prices, despite lower production volumes. Fuel prices have jumped following sanctions on Russia over... Continue Reading →
(Reuters) - Siemens Energy (ENR1n.DE) warned on Wednesday sales and margins this year would be at the low end of its forecast range due to worsening problems at wind turbine division Siemens Gamesa (SGREN.MC), which has been hit hard by supply chain disruptions. Shares in the company, which was spun off from Siemens (SIEGn.DE) in 2020, fell as much as... Continue Reading →
(Reuters) - Mexican President Andres Manuel Lopez Obrador said on Tuesday that his government will ask state-oil company Pemex to reveal information regarding the alleged receiving of bribes from Vitol, the world's largest independent energy trader. Reuters revealed last year that Petroleos Mexicanos (PEMX.UL), as the company is formally known, had deepened investigations into the... Continue Reading →
TotalEnergies, the French oil major with growing renewables aspirations, on Tuesday confirmed the start of the construction of the 30MW Eolmed floating wind project in the Mediterranean Sea, off France. The project, in which TotalEnergies has a 20% stake, is operated by Qair. The news comes days after BW Ideol, another partner in the project, said... Continue Reading →
Strohm, the developer of Thermoplastic Composite Pipe (TCP), has signed a memorandum of understanding (MoU) with French renewable hydrogen supplier Lhyfe, to collaborate on the transportation solution for hydrogen produced from a floating wind turbine to be integrated with a hydrogen production system. The partners said that they would collaborate on solutions for hydrogen transport, both onshore... Continue Reading →
(WO) — The offshore wind sector has made huge strides over the last year, putting the industry on track to achieve President Joe Biden’s goal of reaching 30 gigawatts of offshore wind generation by 2030. To ensure its success, the U.S. Department of Energy (DOE) is allocating funds and programs to the development of projects... Continue Reading →
(Reuters) - Colombia's government must promote exploration and production of hydrocarbons or face the end of self-sufficiency in both oil and gas by 2028, the country's private oil producers association said on Monday. Colombia's oil and gas industry is a major source of income and foreign exchange for Latin America's fourth-largest economy. The government of... Continue Reading →
GAS Entec has completed the conversion of a 125,000m³ LNG carrier into an FSRUfor KARMOL, a joint-venture between Turkey's Karpowership and Japan's Mitsui OSK Lines (MOL), for deployment in Senegal. The company, a subsidiary of Atlantic Gulf & Pacific International Holding (AG&P), has converted the LNG carrier into an 84 mmscfd Modular Floating Storage and Regasification... Continue Reading →
(PN) Petrobras' board of directors held a conference call with investors to detail the financial results for the first quarter. During the call, one of the main novelties was the signaling that the company may disclose some line of business focused on energy transition in its next strategic plan, which should be ready at the... Continue Reading →
