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(Reuters) - Can oil bankers learn renewable tricks? They may need to in this climate, judging by the experience of Douglas MacKenzie, a Citigroup banker who has spent decades advising global energy giants on fossil fuel deals since joining Goldman Sachs as an associate in 1985. "I cover Big Oil. I'm a supermajor guy," the... Continue Reading →
BP's profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and said it was accelerating plans to cut emissions with increased spending on low carbon energy. BP's rebound to an annual profit of $12.85 billion after a large loss in 2020, is... Continue Reading →
(OE) Off the Massachusetts and New York coasts, developers are preparing to build the United States’ first federally approved utility-scale offshore wind farms – 74 turbines in all that could power 470,000 homes. More than a dozen other offshore wind projects are awaiting approval along the Eastern Seaboard. By 2030, the Biden administration’s goal is to have 30 gigawatts of offshore... Continue Reading →
Offshore wind turbine makers have been working to build increasingly bigger turbines, and the likes of GE, Siemens Gamesa, Vestas, and MingYang have in the past two years or so unveiled designs for giant 14-16MW rated units.It has been said that larger turbines, while more expensive per unit, reduce the overall cost of large-scale offshore wind... Continue Reading →
(TN) Porto do Açu and Gás Natural Açu (GNA) announced the realization of R$ 6 billion of investments in infrastructure and energy in Porto do Açu, located in the northern region of Rio de Janeiro. Investments include works to expand road access to the port, the construction of a rail branch and the laying of... Continue Reading →
(PN) The FPSO Guanabara is almost ready to start oil production in Campo de Mero, located in the Libra Block, in the pre-salt layer of the Santos Basin. The platform will be part of the first definitive system to operate in Mero, the third largest pre-salt field (after Buzios and Tupi). The unit will be... Continue Reading →
(epbr) Projects for wind power generation in Brazilian waters add up to 80 gigawatts (GW) of power, according to January 27 data from Ibama. The growth is significant compared to last year – in July, the projects totaled 42 GW. The amouint is almost four times the current installed capacity of onshore projects in Brazil,... Continue Reading →
(Reuters) Siemens Energy has stepped up efforts to explore a full integration of wind turbine business Siemens Gamesa, sources told Reuters, after profit warnings and share price slumps last week exposed flaws in the current ownership structure. The company is currently working with advisers to look at options for how to best acquire the remaining... Continue Reading →
Decree clarifies the requirements for the assignment of use of public assets in offshore areas for the purpose of generating electricity The President of the Republic issued decree nº 10.946/2022, which provides for the assignment of use of physical spaces and the use of natural resources for the generation of electricity from offshore ventures. The... Continue Reading →
FPSO operator BW Offshore has decided to sell one of its FPSO vessels as part of its strategy to transition to floating energy infrastructure investments. BW Offshore has signed an agreement for the sale of the FPSO BW Joko Tole to PT Bahari Inti Tanker and PT Cahaya Haluan Pasifik, both of which are Indonesian companies, in... Continue Reading →
