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March 15 (Reuters) Venezuela and Spanish energy group Repsol have signed "strategic agreements," the government of the South American country said in a statement on Thursday. Speaking on state-run television, acting President Delcy Rodriguez said the agreement will allow for gas production at Cardon IV, which is a 50-50 joint venture between Repsol and Italy's... Continue Reading →
March 12 (Reuters) - Brazil's government scrapped taxes on diesel while imposing a levy on oil exports in a move on Thursday that could affect state-run oil firm Petrobras , as the country seeks to soften the blow of the recent spike in global oil prices. President Luiz Inacio Lula da Silva's administration said the... Continue Reading →
March 12 (offshoreWIND.biz) Spanish energy company Iberdrola has registered a public takeover bid to acquire the remaining shares of its Brazilian subsidiary Neoenergia, aiming to reach full ownership of the company. Iberdrola, which now officially submitted documentation to the Brazilian Securities and Exchange Commission (CVM) and Novo Mercado (Brazilian Stock Exchange – B3), launched the... Continue Reading →
March 11 (Reuters) - Colombia and Venezuela have agreed to repair a damaged section of a binational pipeline that will allow Bogota to import natural gas from its neighbor, Colombia's energy ministry said on Wednesday. The Antonio Ricaurte gas pipeline has been inactive for years. A roadmap for re-establishing operations was outlined in a meeting... Continue Reading →
March 10 (OE) X1 Wind has received a Statement of Compliance for the basic design of its X100 floating offshore wind platform from classification society DNV, marking a key milestone in the development of the company’s floating wind technology. The certification confirms that the X100 platform meets international engineering and safety standards under the DNV-SE-0442... Continue Reading →
March 9 (Reuters) - The sharp increase in energy prices as the war in the Middle East continues will drive Brazilian sugarcane processors to produce more ethanol and less sugar in the new season that will kick off in the coming weeks, analysts said on Monday. Raw sugar futures in the ICE exchange jumped more than 3%... Continue Reading →
March 9 (Reuters) The dollar surged on Monday as soaring oil prices sent investors scrambling for cash on worries that a protracted Middle East war could severely disrupt energy supplies and hurt global growth. Against the surging greenback, the euro EUR= and sterling GBP= were down roughly 1% in Asia, while the Aussie AUD= and... Continue Reading →
March 9 (valorinternational.globo.com) Uncertainty stemming from the conflict in the Middle East still makes it impossible to identify a clear oil price trend, but Petrobras’s pricing policy will not change because of the crisis, company executives said in assessing the current geopolitical environment and its effects on Brazil. They said, however, that the oil giant... Continue Reading →
March 6 (electrek.com) Aikido Technologies has unveiled a concept that combines floating offshore wind turbines, battery storage, and AI data centers on a single platform. The offshore infrastructure company says its new platform, called AO60DC, is designed to co‑locate AI-grade computing directly with renewable energy generation at sea. Wind, batteries, and AI compute on one floating... Continue Reading →
March 5 (Reuters) - China on Thursday released a new economic decarbonisation plan that seeks to put its carbon intensity reduction programme back on track, mainly by relying on its booming renewable sector to limit coal consumption and rein in emissions. China's new five-year plan, released on Thursday, called for it to reduce its carbon... Continue Reading →
