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Floating wind turbines atop the ocean could be the next big renewables market. GTM helps explain the weird and wonderful world of clean energy. Onshore wind turbines can be found everywhere from the tropics to the Arctic. Three decades ago, developers started putting them on fixed foundations out at sea, sparking the rise of the offshore... Continue Reading →
Cade approved, without restrictions, the acquisition by State Power Investment Corporation of China (SPIC) of a 33% stake in the GNA I and GNA II thermoelectric plants, with 3 GW of capacity and integrated into the LNG terminal in Porto do Açu (RJ) ). - Agreement closed through the subsidiary SPIC Brasil foresees entry to... Continue Reading →
Offshore engineering and installation firm McDermott has teamed up with electrical equipment giant Schneider Electric, and io consulting - a Baker Hughes company - to design carbon-neutral facilities for the upstream oil and natural gas market. The trio plans to jointly explore and develop a proof of concept based on an offshore platform reference case,... Continue Reading →
Singapore's Keppel Offshore & Marine Ltd (Keppel O&M) said Friday it had secured a contract valued at approximately S$600 million (USD 442 million) in the offshore renewable energy industry. Sharing the news on Friday, Keppel gave little details on the client and the type of order. It said that the contract was with "an energy... Continue Reading →
A floating offshore wind supply chain group has been formed in Scotland, as a subgroup of the Scottish DeepWind supply chain cluster, looking to ensure that the local firms benefit from the nascent but growing floating offshore wind industry. "Scotland is currently the world leader in the deployment of floating offshore wind with the Hywind... Continue Reading →
(Reuters) - Royal Dutch Shell announced on Wednesday plans to cut up to 9,000 jobs, or over 10% of its workforce, as part of a major overhaul to shift the oil and gas giant to low-carbon energy. Shell, which had 83,000 employees at the end of 2019, said that the reorganization will lead to additional... Continue Reading →
(Reuters) - France's Total TOTF.PA on Wednesday said it would hike its annual investments in renewable energy and electricity by 50% as it cuts its reliance on oil and aims to become a major low-carbon power producer. Faced with gloomy long-term prospects for oil demand, Total has been accelerating a push into alternative sources of revenue, with... Continue Reading →
To adjust and transform to cleaner sources of energy, the world’s largest oil and gas firms could sell or swap oil and gas assets of more than $100 billion, Rystad said. Rystad said on Tuesday that oil and gas majors were revising their long-term oil price and demand outlook and that they need to streamline... Continue Reading →
Sept 14, 2020 Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast. BP's 2020 benchmark Energy Outlook underpins Chief Executive Bernard Looney's new strategy to "reinvent" the... Continue Reading →
September 11, 2020 Petróleo Brasileiro S.A. - Petrobras, following up on the press release disclosed on 07/06/2020, informs the beginning of the binding phase regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (“Brasympe”), Energética Suape II S.A. (“Suape II”), Termoelétrica Potiguar S.A. (“TEP”), Companhia Energética Manauara S.A. (CEM) and... Continue Reading →
