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(oilnow.gy) Just across the Corentyne River, Suriname is watching. It has seen Guyana go from oil discovery to oil power in less than a decade, GDP booming, rigs multiplying and an international attention growing. But where Guyana surged ahead, Suriname is moving with caution. Guyana’s momentum was driven by multiple factors: a stable investment climate, a business-friendly... Continue Reading →
(Reuters) - Finland's Wartsila is betting that a more nimble way to generate power with ethanol will prove viable in Brazil where similar efforts by major firms floundered a decade ago. Wartsila announced a partnership in March with a power plant in the northeast Brazilian city of Recife, where a four-megawatt engine will burn ethanol for 4,000... Continue Reading →
(offshoreWIND.biz) Gazelle Wind Power has secured an investment for business growth and the development of its 2 MW floating wind demonstrator project in Portugal. The EUR 2 million investment was closed with Banco Português de Fomento (BPF) through the Deal-by-Deal Co-Investment Programme, in partnership with Indico Capital Partners. According to BPF, the investment will allow... Continue Reading →
(Reuters) - Brazilian electric company Eletrobras has tapped investment bank BTG Pactual (BPAC3.SA), opens new tab to advise on the sale of its remaining stake in state-run nuclear power generator Eletronuclear, said three sources familiar with the deal. Following its privatization in 2022, Eletrobras ceased to be the controlling owner of Eletronuclear but remained a minority partner... Continue Reading →
(offshore-energy.biz) PSW Power & Automation, a subsidiary of Norway-headquartered offshore energy technology and services provider Scana, has secured a contract valued between NOK 75 million (around $7.3 million) and NOK 150 million for an offshore project in Brazil involving the delivery of two E-House modules. According to Scana, the scope includes the design, manufacture, and... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras announces that it has started operations at a new Diesel Hydrotreatment Unit at the Paulínia Refinery (Replan), in São Paulo. The operation began three months ahead of the date originally scheduled in the feasibility study, and the project was executed within the approved investment level at the time. With the... Continue Reading →
Inyanga Marine Energy Group has awarded the fabrication contract to build its HydroWing tidal energy device to Hutchinson Engineering. The 20 MW HydroWing tidal energy array will be deployed at Morlais off Anglesey in Wales, one of the largest consented tidal energy projects in Europe. The contract with Hutchinson Engineering covers the fabrication of the... Continue Reading →
(Reuters) - Japan is likely to sweeten terms for developers to build a massive offshore wind farm sector, industry insiders say, as it looks to put its energy ambitions back on track against a worldwide slump of projects hit by soaring costs and delays. The government aims to have 45 gigawatts of offshore wind capacity... Continue Reading →
(Reuters) - Top U.S. oil producer Exxon Mobil and Hess will meet face-to-face on Monday in a court hearing to determine the fate of Chevron's $53 billion deal to buy Hess and with it a prized stake in Guyana's prolific oilfields. The planned acquisition, announced in October 2023, is one of the oil industry's biggest deals in years. It is key... Continue Reading →
(Reuters) - Mexico's Pemex, the world's most indebted energy company, plans to restructure parts of its business in an attempt to save costs, a May document seen by Reuters showed. Earlier reports, citing another document from last month suggesting it could include a layoff of over 3,000 tenured employees and save up to around 10.5... Continue Reading →
Brazil Energy Insight 