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The International Renewable Energy Agency (IRENA), an intergovernmental organisation, has outlined the investment needs of $35 trillion by 2030 as the price for the green shift while pointing out that investments in renewables and technology and infrastructure required for the net-zero shift need to more than quadruple on an annual basis, so that, the energy transition... Continue Reading →
Brazilian Ministry of Mines and Energy (MME) is setting the wheels into motion to launch a program, which would step up investments in oil and natural gas exploration to promote regional development and foster national production while making Brazil the fourth largest oil producer in the world. To this end, Brazil’s Minister of Mines and... Continue Reading →
(Bloomberg) -- Jean Paul Prates, the head of Brazil’s state-controlled oil company, isn’t deterred by the world’s energy transition. He says Latin America’s largest producer should keep increasing fossil fuel output for decades to come. “We will get market share,” Prates, chief executive officer of Petrobras, said in an interview in Rio de Janeiro. “We... Continue Reading →
(PN) Exploration of new oil wells in Brazil will receive around US$ 1.5 billion in investments in 2023. The forecast was revealed this week by the National Petroleum Agency (ANP), which published the data in a new panel dynamic on contracts in the exploration phase. The largest share of funds (US$ 1.1 billion) will be... Continue Reading →
(OE) Crown Estate Scotland has announced the results of the world’s first leasing round designed to enable offshore wind energy to supply offshore oil and gas platforms directly. Thirteen projects have been offered exclusivity agreements. INTOG (Innovation and Targeted Oil & Gas) leasing aims to attract investment in innovative offshore wind projects in Scottish waters,... Continue Reading →
Petróleo Brasileiro S.A - Petrobras announces that its Board of Directors (BD) approved, by majority vote, the submission for consideration at the Annual General Meeting (AGM) of Shareholders scheduled for April 27, 2023, of a proposal to adjust the fixed compensation of the company's managers by the INPC for the period 2013 to 2022 (43.88%).... Continue Reading →
Wilson Sons, the leader in port and maritime logistics in Brazil, posted a net profit of R$113 million in the fourth quarter of 2022, 169% higher than the same period of 2021. Last year, the company's profit after tax was R$339 million, up 51% compared to 2021. Net revenue totalled R$2.3 billion in the year,... Continue Reading →
Semco Maritime, ISC Consulting Engineers, Aalborg University, Energy Cluster Denmark and Norway, and Sweden-based Inocean have all obtained funding to forward the development of a floating offshore substation (FOSS) concept. The parties announced their collaboration in 2022 and are now set to accelerate further the floating offshore substation development through funding from the Energy Technology... Continue Reading →
German energy group EnBW has reached a final investment decision for He Dreiht offshore wind farm in Germany, clearing the way for the start of construction of EnBW’s largest offshore wind farm to date, with an installed capacity of 960 megawatts (MW). EnBW CFO Thomas Kusterer said: “In He Dreiht, we are building one of Germany’s largest... Continue Reading →
Petro Rio S.A. ("Company" or "PRIO") (B3:PRIO3), in compliance with the provisions of Article 12 of Resolution No. 44 of the Brazilian Securities and Exchange Commission ("CVM"), dated August 23, 2021, as amended, informs that it received from Banco de Investimentos Credit Suisse (Brasil) S. A. correspondence in which they inform the Company that they... Continue Reading →
Brazil Energy Insight 