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(RZ) The European Commission (EC) is allotting up to $7.43 billion (EUR 6.9 billion) in public funding for hydrogen infrastructure projects. The EC approved the third Important Project of Common European Interest (IPCEI), which aims to boost the supply of renewable energy in the European Union (EU), reduce dependence on natural gas, and help achieve... Continue Reading →
Corporate Venture Capital's investment thesis will cover businesses related to renewable and low-carbon energies Petrobras and the BNDES have begun studies to structure a Corporate Venture Capital (CVC) fund to support micro, small and medium-sized technology-based companies. In this first phase, the idea is to identify the most promising sectors for this type of investment,... Continue Reading →
(OET) Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45% of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at €10.8 billion, more than double the company saw at the end of 2022. In its full-year 2023 results, the... Continue Reading →
(OM) The start of 2024 marks a period where the “readjustment” of the US wind segment is becoming more apparent, according to recent analysis from market analysis firm Intelatus Global Partners. At a federal level, nearly nine gigawatts (GW) of lease potential in the Central Atlantic and Oregon have passed further hurdles to be auctioned... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras, following up on the Material Facts of 11/09/2023, 11/21/2023 and 02/09/2024, informs that it will pay today the first installment of dividends and interest on capital (JCP) relating to the balance sheet of September 30, 2023. The gross amount to be distributed today is R$ 0.68260418 per common and preferred... Continue Reading →
(TN) Brazil is the sixth country in the world that invested the most in energy transition and the leader in Latin America, according to BloombergNEF's Energy Transition Investment Trends 2024 report. The document highlighted that the country invested, in 2023 alone, around US$34 .8 billion. Renewable energy, electric vehicles, hydrogen and carbon capture drove year-on-year... Continue Reading →
(OET) Offshore drilling contractor Valaris has landed a batch of new contracts and extensions across multiple geographies with Petrobras, Equinor, Harbour Energy, TotalEnergies, Shell, Ithaca Energy, Eni, undisclosed operators, and Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental (Oxy). These deals will enable three floaters and six jack-ups in the rig owner’s fleet to undertake... Continue Reading →
(Reuters) - Mexican tycoon Carlos Slim is interested in increasing his investments in the oil sector, including in U.S.-based Talos Energy's (TALO.N), opens new tab projects, after the billionaire businessman bought a stake last year in a major offshore project discovered by Talos. Speaking at a press conference, Mexico's richest person signaled he would like to grow... Continue Reading →
(Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA), opens new tab hopes to settle details of a tie-up with Mubadala to take back control of the operation of a refinery owned by the Abu Dhabi sovereign investor by the end of the first half of the year, Petrobras' chief executive said on Tuesday. CEO Jean Paul Prates... Continue Reading →
(Reuters) Brazil's government will reappoint its representatives to the board of state-run oil firm Petrobras, sources said on Friday, a sign energy minister Alexandre Silveira is maintaining his influence over an administration he has criticised. Silveira is in charge of Brazil's mining and energy ministry, which controls six of the 11 seats on the board. Two sources said... Continue Reading →
Brazil Energy Insight 