German Economic Minister Warns of Risks to Tenders as Recent Offshore Auctions Draw No Bids

Aug 6 (Reuters) Germany's Economy Minister Katharina Reiche warned on Wednesday that flawed site selection and shifting market dynamics were undermining offshore wind tenders, as the country's latest offshore auctions received no bids. Two August tenders for offshore wind energy plants, with volumes of 2,000 MW and 500 MW, and planned commissioning dates in 2031 and 2030, drew no bids for the first... Continue Reading →

August 6, 2025 0

Mexico reveals sweeping plan to bring down Pemex debt, boost investment and lift production

Aug 5 (Reuters) - Mexico's government on Tuesday said it aimed to cease funding Pemex by 2027 when the highly-indebted state energy company should become financially self-sufficient, helped by a series of measures to bring down debt and stabilize production. Mexican President Claudia Sheinbaum, flanked by her energy and finance ministers and the chief executive... Continue Reading →

August 5, 2025 0

BP’s big Brazil oil and gas find boosts prospects for Equinor, auction

Aug 5 (Reuters) - BP's announcement on Monday of its largest global oil and gas discovery in 25 years in Brazil's offshore Santos basin bodes well for Equinor's nearby interests and strong appetite for an October auction of oil blocks in the region. Discoveries nearly two decades ago in the region, defined by vast deepwater fields under... Continue Reading →

August 5, 2025 0

Germany aims to reduce reliance on China for wind power components

Aug 5 (Reuters) - Germany's economy ministry published plans on Tuesday to diversify the sourcing of crucial components used mainly in offshore wind turbines by 2035 to reduce dependency on China. The move is part of the government's broader "de-risking" strategy amid geopolitical tensions with China, and after the energy crisis sparked by Russia's war... Continue Reading →

August 5, 2025 0

Castrol – Is the subsea industry underestimating the continuing need for hydraulic fluids?

By Rafael Clemente, Key Sales Account Manager, Castrol Castrol explains why subsea hydraulic systems will be integral as we look for proven, viable solutions that are commercially feasible and do the job Operators today face an unenviable challenge: deploying new technology in more complex locations while increasing uptime and reliability at the same time. The... Continue Reading →

August 5, 2025 0

BP’s Second Quarter Profit Beats Expectations

(Reuters) BP will launch a review of how best to develop and monetize its oil and gas production assets and consider more cost cuts to boost shareholder returns, the oil major said on Tuesday, as it beat second-quarter profit expectations. BP, under pressure from investors after years of underperforming rivals and also the target of... Continue Reading →

August 5, 2025 0

WindEurope: EUR 6.4 Billion Needed for Ports and Vessels to Meet Offshore Wind Goals

(offshoreWIND.biz) Europe needs to invest an extra EUR 6.4 billion in port facilities and new vessels to reach its offshore wind energy goals, according to WindEurope. Currently, Europe can install and maintain about 10 GW of offshore wind annually, enough to meet its 2030 energy security targets, but after 2030, this capacity must rise to... Continue Reading →

August 4, 2025 0

Global Offshore Wind Capacity Reaches 83 GW, 100 GW More to Be Awarded in 2025-2026, New Report Says

(offshoreWIND.biz) According to a new market report from the Global Wind Energy Council (GWEC), there are now 83 GW of offshore wind capacity installed globally, with 48 GW more in the construction phase worldwide as of May this year. “Our report finds that there is now already 83 GW of offshore wind installed worldwide, keeping... Continue Reading →

August 4, 2025 0

Brava Energia July 2025 production data

BRAVA ENERGIA S.A. (“BRAVA” or “Company”) (B3: BRAV3), informs its investors and the market in general the preliminary and unaudited production data for the month of July 2025. The Company renewed its historical production record in July, reaching a daily average of 90.9 thousand boe, an increase of 6.0% compared to the average recorded in... Continue Reading →

August 4, 2025 0

ExxonMobil’s Profit Shoots Above Expectations

(Reuters) Exxon Mobil, the United States' biggest oil producer, beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas output and low production costs offset the impact of lower crude prices. Oil and gas production was the highest for any second quarter since the merger of Exxon and Mobil formed the... Continue Reading →

August 1, 2025 0

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Category: Energy

German Economic Minister Warns of Risks to Tenders as Recent Offshore Auctions Draw No Bids

Mexico reveals sweeping plan to bring down Pemex debt, boost investment and lift production

BP’s big Brazil oil and gas find boosts prospects for Equinor, auction

Germany aims to reduce reliance on China for wind power components

Castrol – Is the subsea industry underestimating the continuing need for hydraulic fluids?

BP’s Second Quarter Profit Beats Expectations

WindEurope: EUR 6.4 Billion Needed for Ports and Vessels to Meet Offshore Wind Goals

Global Offshore Wind Capacity Reaches 83 GW, 100 GW More to Be Awarded in 2025-2026, New Report Says

Brava Energia July 2025 production data

ExxonMobil’s Profit Shoots Above Expectations

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