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(OET) The US Department of Energy (DOE) and the Department of the Interior (DOI) have unveiled plans to collaborate and jointly fund research to further support durable and environmentally responsible offshore wind and marine energy deployments in the United States. The agencies will launch the upcoming funding opportunity through Wind Energy Technologies Office (WETO), Water... Continue Reading →
(OW) Skyborn Renewables and its partners in the Yunneng Wind Power consortium that owns the Yunlin offshore wind project in Taiwan have signed an extended financing agreement to complete the construction of the 640 MW offshore wind farm. The project is now on track for completion according to an amended installation schedule. The news comes... Continue Reading →
(OW) Massachusetts has opened its fourth offshore wind solicitation which seeks to procure 3.6 GW of new generation capacity and makes this the state’s largest solicitation of this kind to date. Developers can submit bids until 31 January 2024 and the projects will be selected by 12 June next year, with the execution of long-term... Continue Reading →
(Reuters) - Brazil's government aims to make more energy projects eligible for key tax benefits, however the main ministries involved disagree about whether to favor a "green" agenda or include oil projects and refineries, according to a senior official and a document seen by Reuters. President Luiz Inacio Lula da Silva's government has vowed to... Continue Reading →
Malaysia's Petroliam Nasional Berhad (Petronas) will focus on bolstering its capital position to deal with increasing volatility in the energy market and "restrictive" access to financing, the state oil firm's chief executive said on Wednesday. Petronas posted a 29% drop in second-quarter profit, in line with oil majors such as Chevron, Exxon Mobil and Shell.... Continue Reading →
(Reuters) - Colombia's Ministry of Finance has authorized state-controlled energy company Ecopetrol (ECO.CN) to arrange a line of credit worth up to $1 billion with international lenders, the company said on Monday. The loan will be provided by Deutsche Bank AG (DBKGn.DE), Banco Inbursa S.A., Foreign Trade Bank of Latin America S.A. (BLX.N) and ICBC Standard Bank Plc (SBKJLS.UL), Ecopetrol... Continue Reading →
A Connecticut oil and gas trader already charged for his alleged role in a bribery scheme to win business from Brazil's state-owned Petrobras oil company was hit with additional charges on Tuesday, the Justice Department said. Gary Oztemel, of Riverside, Connecticut, owner of Petro Trade Services, was charged with money laundering and conspiracy to violate... Continue Reading →
(OE) Kraken Robotics Inc. has announced solid financial results for the quarter ended June 30, 2023. Products revenue in the quarter was $10.5 million, an increase of 24% over the comparable quarter. The increase was the result of continued sales of KATFISH, subsea batteries, work with the Canadian Navy on its RMDS program as well... Continue Reading →
(OE) Norway's BW Energy is now able to move forward with its acquisition of the FPSO Cidade de Vitória on the Golfinho field in Brazil, more than a year after it reached a deal with the FPSO's Italian owner Saipem. The two companies had signed a memorandum of agreement (MOA) for the $73 million floater sale in June 2022, but the transaction was subject... Continue Reading →
(Reuters) - European oil majors Eni (ENI.MI) and Repsol (REP.MC) plan to expand an oil-for-debt deal with Venezuela under U.S. approval, aiming to supply refined products to state firm PDVSA and boost oil deliveries to Europe, three people close to the matter said. As Western sanctions last year cut the flow of Russian oil to Europe, Eni and Repsol received... Continue Reading →
Brazil Energy Insight 